Chapter 6 Flashcards
Explain the strategic importance of recruiting and retaining talented employees
When done effectively, recruiting and retaining employees can improve productivity, reduce labor costs, and improve competitiveness. Effective recruiting efforts are consistent with the needs of employers and employees alike
Recruitment
involves searching for and obtaining qualified applicants to consider when filling job openings
Retention
includes all of an employer’s activities to encourage qualified and productive employees to continue working for the organization
How are recruiting and retention activities shaped by other aspects of the HRM system and the environment within an integrated HRM system
In a fully integrated, strategically aligned system for managing human resources, recruiting activities are developed to help managers implement business plans and adapt to changing economic conditions. Job analysis and competency modeling provide guidance by identifying the types of employees needed. Numerous other HR activities also influence recruiting and retention by establishing the employer’s reputation as a great - or an awful - place to work
Describe the roles and responsibilities of the HR Triad in recruiting and retaining employees
Recruiting can involve everyone in an organization. HR professionals usually take the lead in designing a systematic and integrated approach to retaining and recruiting employees. Line managers can help promote the company and make it attractive to employees, or they can be the cause of high turnover. A company’s current employees may be involved directly in recruiting applicants - for example when they encourage family and friends to apply.
Specify several recruiting methods and sources
internal job market; external labor market
internal job market
a company’s current employees
external labor market
includes potential applicants who don’t currently work for the organization
job postings
display current job openings to all employees in an organization
talent inventory
a database that contains information about the pool of current employees
employee referrals
occur when current employees inform their acquaintances about opening and encourage them to apply
job fair
several employers are usually present to provide information about employment opportunities at their companies
contingent workers
People hired with no implicit or explicit contract for long-term employment, including “free agents”, independent contractors, and temporary workers
Explain how metrics can used to manage the talent supply chain
Metrics can be used to monitor recruiting activities, diagnose problems, and determine appropriate actions.
Describe recruiting from the applicant’s perspective
Events that occur during recruitment could determine whether an applicant accepts or rejects an employment offer. Recruiting activities should create positive experiences for all applicants. To effectively attract and retain potentially qualified candidates, employers need to understand the behaviors and preferences of a diverse workforce. Building a positive corporate reputation by making it easy for applicants to apply, creating a good personal impression, giving applicants the information they need, and showing respect when rejecting applicants are all appreciated by applicants who are not offered employment. Applicants also respond to the behaviors of recruiters and perceptions of how well they would fit the job.