Chapter 5 Flashcards
Internal Labor Markets
Labor markets in which workers are hired into entry-level jobs and higher-level jobs are filled from within.
Recruiting Process Outsourcing (RPO)
The practice of outsourcing an organizations recruiting function to an outside firm.
Branding
A company’s efforts to help existing and prospective workers understand why it is a desirable place to work.
Passive Job Seekers
People who are not looking for jobs but could be persuaded to take new ones given the right opportunity.
Mobile Recruiting
The process of recruiting candidates via their mobile devices.
Virtual Job Fair
Job fairs conducted online.
Nepotism
A preference for hiring relatives of current employees.
Rerecruiting
The process of keeping track of and maintaining relationships with former employees to see if they would be wiling to return to the firm.
Independent Contractors
Workers who are self-employed and do project work on a contract basis for different organizations.
Employee Leasing
The process of dismissing employees who are then hired by a leasing company (which handles all HR-related activities) and contracting with that company to lease back the employees.
Nine-Box Grid
A comparative diagram that includes appraisal and assessment data to allow managers to easily see an employee’s actual and potential performance.
Realistic Job Preview (RJP)
Informing applicants about all aspects of the job, including both its desirable and undesirable facets.
Employee Profiles
A profile of a worker developed by studying an organization’s top performers to recruit similar types of people.
Time-To-Fill
A metric that refers to the number of days from when a job opening is approved to the date a person is chose for the job.
Quality-Of-Fill
A metric that measures how well new hires have gotten “up to speed”, are performing, and their retention levels.
Yield Ratio
The percentage of applicants from a particular source that make it to the net stage in the selection process.
Acceptance Rate
The percentage of applicants who accept a firms jobs after being offered them.
Applicant Tracking System (ATS)
A software application recruiters use to post job openings, screen resumes, and uploaded profiles, contact via e-mail potential candidates for interviews, and track the time, costs, and other metrics related to hiring people.
Career Paths
Lines of advancement in an occupational field within an organization.
Job Progressions
The hierarchy of jobs a new employee might experience, ranging from a starting job, to jobs that successively require more knowledge and/or skill.
Career Paths
The lines of advancement within an organization.
Promotion
A change of assignment to a job at a higher level in the organization.
Transfer
Placement of an individual in another job for which the duties, responsibilities, status, and remuneration are approximately equal to those of the previous job.
Demotion
A downward transfer that moves an individual into a lower-level job that can provide developmental opportunities.
