Recruiting & Selection Flashcards
Employee Profiles
Profiles of a worker 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
Internal labour markets
Labour markets in which workers are hired into entry-level jobs and higher levels are filled from within
Global sourcing
The business practice of searching for and utilizing goods and services, including labour, from around the world
Tight labour market
Low unemployment; might make recruiting more challenging and expensive
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 an 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
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 willing to return to the firm
Executive Search Firms
Headhunters; help employers find the right person; do not advertise; collect fee often of 20-40% of salary of position regardless of whether a replacement is found
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
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 (Generally lower is better; but quality is also important)
Yield ratio
The percentage of applicants from a recruitment source that make it to the next stage of the selection process; can be used to find out which source produce qualified candidates
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
Career Development
Systematically expanding the talent pool by matching individual and organizational needs
Job Progressions
The hierarchy of jobs a new employee might experience, ranging from a starting job to jobs that successively require more knowledge and skill
Career Paths
Lines of advancement in an occupational field within an organization
Promotion
A change of assignment to a job at a higher level in the organization; often categorized as merit, seniority, or pay
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
Relocation services
Services provided to an employee who is transferred to a new location, which might include help in moving, selling a home, orienting to a new culture, and/or learning a new language