Recruiting Flashcards
Attempts to determine the supply and demand for various types of Human Resources to predict areas within the organization where there will be labor shortages or surpluses
Forecasting
Constructing and applying statistical models that predict labor demand for the next year, given relatively objective statistics from the previous year
Trend analysis
A chart that lists job categories held in one period and shows the proportion of employees in each of those job categories in a future period
Transitional matrix
This identifies where people went and where they came from
Transitional matrix
Planned elimination of a large number of personnel with the goal of enhancing organization competitiveness
Downsizing
4 motives of downsizing
Reduce costs
Replace labor with technology
Mergers and acquisitions > overlap
Moving to more economical locations
4 concerns about downsizing
May result in loss of talented employees
May he cost effective in short term, but costs of hiring/training new employees (if need be) will mount
Companies that downsize often are left with a battered corporate image
Employees that remain may fear ‘being next’ or experience survivors’ guilt
Other sources for HR planning (4)
Contractors
Temporary workers
Outsourcing
Overtime and extended hours
Limits/eliminates costs associated with employee benefits
Not allowed to directly supervise
Contractors
Lower training costs and fresh perspectives
Role ambiguity for both incumbents and temps
Temporary workers
Capitalize on economies of scale > lower costs
Quality control concerns
Outsourcing
May work in the short term
Costly (time and a half and may increase turnover)
Overtime and extended hours
%of applicants who successfully move from one stage of the recruitment and selection process to the next
Yield ratio
By comparing the yield ratios of different recruitment sources, what can we determine?
Which source is the best or most efficient for the type of vacancy
Cost of using a particular recruitment source for a particular type of vacancy
Cost per hire
Two idealized types of HR practices
External market-focused
Internal market-focused
Almost no training
Pay only for performance
Individual performance is emphasized
External market-focused
Internal promotion
High levels of training
High pay for time-in-position
Commitment is emphasized
Internal market-focused
Pros of internal labor market (4)
Positive employee reactions from hiring within organization
Quickly identify qualified applicants
Low costs
Less time to reach full productivity
Cons of internal labor market
No new KSAOs brought into the organization
Small market to recruit from
Continued underrepresentation of women/minorities
3 ways to identify current talent from an internal labor market
Internal posting
Performance
Managerial reviews
How does internal posting help?
Helps find people who are interested
Pros of external labor market (4)
Being in new KSAOs into organization
Larger number of women/minorities to draw from
Larger total labor pool to draw from
Possible new perspectives
Cons of external labor market (4)
Negative reactions by internal applicants
Time consuming recruiting process
Costly search process
More time to reach full productivity