Chapter 5 - Expanding the Talent Pool: Recruitment and Careers Flashcards
Employee profiles
Profiles of workers developed by studying an organization’s top performers to recruit similar types of people.
Recruiting process outsourcing (RPO)
The practice of outsourcing an organization’s recruiting function to an outside firm. Many companies use their own internal intranet websites as well as the public facing website and other job-posting websites too.
Internal labour markets
Labour markets in which workers are hired into entry-level jobs and high levels are filled from within.
Global sourcing
The business practice of searching for and using goods and services from around the world.
Branding
A company’s efforts to help existing and prospective workers understand why it is a desirable place to work.
9-box grid
A comparative diagram that includes appraisal and assessment data to allow managers to easily see and employee’s actual and potential performance.
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.
Rerecruiting
The process of keeping track of and maintaining relationships with former employees to see if they would be willing to return to the firm.
Employee leasinging
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.
Nepotism
A preference for hiring relatives of current employees.
Realistic job preview (RJP)
Informing applicants about all aspects of the job, including both its desirable and undesirable facets.
Time-to-fill metric
The number of days from when a job opening is approved to the date the candidate is selected.
Yield ratio
The percentage of applicants from a recruitment source that make it to the next stage of the selection process.
Applicant tracking system (ATS)
A software application recruiters use to post job openings, screen resumes, contact potential candidates for interviews via email, and track the time and costs related to hiring people.