Answered: Which external sources of recruitment…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Related questions

Question

Which external sources of recruitment are commonly used by the big enterprises that you believe are more effective and less effective to acquire new talent/employee. Explain your answer. (the following external sources of recruitment that are commonly used by the big enterprise are listed in the picture)

Transcribed Image Text:N RESOURCE MANAGEMENT Consequently big organisations maintain a close liaison with the universities, vocational recruitment to various jobs. institutes and management institutes for Recruitment from educational institutional is a well - established practice of thousand of business and other organisations.1t is also known as campus recruitment. Reputed industrial houses which require management trainees send their officials to campuses of various management institutes for picking up talented candidates doing MBA. Recommendation: Applicants introduced by friends and relatives may prove to be a good source of recruitment. In fact, many employers prefer to take such persons because something about their background is known. When a present-employee or a business friend recommends some one for a job, a type of preliminary screening is done and the person is placed on a job. Labour Contractors: Labour contractors are an important source of recruitment in some industries in India. Workers are recruited through labour contractors who are themselves employees of the organisation. The disadvantage of this system is that if the contractor leaves the organisation , all the workers ,employed through him will also leave That is why this source of labour is not preferred by many businesses, organizations. Recruitment through labour contractors has been banned for the public sector units. Telecasting: The practice of telecasting of vacant posts over T.V. is gaining importance these days. Special programmes like _Job Watch', Youth Pulse', Employment News', etc, over the T.V have become quite popular in recruitment for various types of jobs. The detailed requirements of the job and the qualities required to do it are publicized along with the profile of the organisation where vacancy exists. The use of T.V. as a source of recruitment is less as compared to other sources. Raiding : Raiding is a technical term used when employees working elsewhere are attracted to join organisations. The organisations are always on the lookout for qualified professionals, and are willing to offer them a better deal if they make the switch. There are always some employees who are professionally very competent, but dissatisfied with something or the other in the organisation. They form the _easy' group to attract. The other group is formed of those who are equally competent but are quite satisfied with their present position. To attract them, the organisation has to offer a very lucrative package of perquisites. Whatever may be the means used to attract, often it is seen as an unethical practice and not openly talked about. MERITS OF EXTERNAL SOURCES

l SMART ?
1:16 AM
© 9 40%
A cdn.fbsbx.com
The practice of: direct recruitment is generally followed for filling
casual vacancies requiring unskilled workers. Such workers are known as
casual or badli workers and they are paid remuneration on daily-wage
basis. This method of recruitment is very cheap as it does not involve any
cost of advertising vacancies.
Casual
Callers
or
Unsolicited
Applications:
The
organisations which are regarded as good employers draw a steady
stream of unsolicited applications in their offices. This serves as a
valuable source of manpower. If adequate attention is paid to maintain
pending application folders for various jobs, the personnel department
may find the unsolicited applications useful in filling the vacancies
whenever they arise. The merit of this source of recruitment is that it
avoids the costs of recruiting workforce from other sources.
Media Advertisement: Advertisement in newspapers or trade
and professional journals is generally used when qualified and
experienced personnel are not available from other sources. Most of the
senior positions in industry as well as commerce are
filled by this method. The advantage of advertising is that more
information about the organization job descriptions and job specifications
can be given in advertisement to allow self-screening by the prospective
candidates. Advertisement gives the management a wider range of
candidates from which to choose. Its disadvantage is that is may bring in
a flood of response, and many times, from quite unsuitable candidates.
Employment Agencies: Employment exchanges run by the
Government are regarded as a good source of recruitment for unskilled,
semi-skilled and skilled operative jobs. In some cases, compulsory
notification of vacancies to the employment exchange is required by law.
Thus, the employment exchanges bring the jobs givers in contact with the
job seekers.
However, in the technical and professional area, private agencies
and professional bodies appear to be doing most of the work.
Employment exchanges and selected private agencies provide a nation-
wide service in attempting to match personnel demand and supply.
Management Consultants: Management consultancy firms help
the organisations to recruit technical, professional and managerial
personnel They specialise middle level and top level executive
placements. They maintain data bank of persons with different
qualifications and skills and even advertise the jobs on behalf their clients
to recruit right type of personnel.
Educational Institutions or Campus Recruitment: Jobs in
commerce and industry have become increasing technical and complex
to the point where school and college degrees are widely required.

Expert Solution

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.

Similar questions