RECRUITMENT AND SELECTION (4) Flashcards
process of deciding which positions in the firm to be fill and how to fill them.
WORKFORCE PLANNING
goal is to identify and eliminate gaps between employer’s workforce needs and the current employees who might be suitable for filling those needs.
WORKFORCE PLANNING
this is the first step before recruiting and hiring employees
WORKFORCE PLANNING
helps understand how projected business changes may influence client’s
headcount and skills requirements
in other words, for the company to know how many vacant positions there are
and what skills are required to fill them
review the client’s business plan and workforce data
(Workforce Planning Methodology)
helps understand what new future positions will be filled
also helps to identify what current employees might be promotable
forecast and identify what positions are to be filled
(Workforce planning methodology)
*prioritize key workforce gaps
-what positions to fill
-who does the company currently have that can fill them
*identify specific plans for filling any gaps
-recruitment (for external hires)
-training (for promotion)
develop a workforce strategic plan
(Workforce planning methodology)
implement the plans and use various metrics to monitor the process
Workforce planning methodology
process of filling up executive jobs
SUCCESSION PLANNING
employment plans are built on forecasts, of which there are three sets:
-personnel needs (demand for employees)
-supply of inside candidates (those who are already working in the company)
-supply of outside candidates (bringing in new people)
with these forecasts, need-supply gaps can be identified from which training and
recruitment plans can be developed to fill in anticipated gaps
Strategy and Workforce Planning
a company’s future staffing needs reflect demand for its products or services
high demand for products/services = need for more employees
Forecasting Personnel Needs (Labor Demand)
daily, weekly, and seasonal forecasts
having a look at daily, weekly, and seasonal (holidays or occassions) sales trends
Short term demand
managers could estimate long term demand by;
speaking with customers,
following industry publications, and watching economic forecasts
future predictions are not precise, but are helpful for addressing potential changes
in product demands
Long term demand
study of a firm’s employment levels over the past few years
compute the number of employees at the end of each year for the past 5 years
provides an initial rough estimate of future staffing needs
Trend Analysis
making forecasts based on historical ratio between:
-some causal factor (like sales)
-the number of employees required
assumes that things like producivity remain the same
only focuses on sales and employees. No other factors
example: suppose salesperson in a mall generates 50,000 Php. By ratio, it is
1:50,000. If the ratio is the same for all salespeople, then hiring six salespersons
will generate a sale goal of 300,000 Php (6 x 50,000)
RATIO ANALYSIS
-shows graphically how two variables are related
example: how number of hospital beds are related to number of nurses.
depending on relationship, it may forecast the need for additional nurses if
there are plans to have additional beds in the hospital.
-in a graph, if two variables are related, the points being plotted will tend to fall on a
straight line
SCATTER PLOT
-historical sales and personnel relationships assume that the firm’s existing activities and skill needs will continue as is.
*does not account for changes
-tends to reward managers for adding employees, irrespective of the company’s
needs
*it is more than just sales and personnel relationships
-tends to institutionalize existing ways of doing things, even in the face of
change
Drawbacks of Scatter Plot
determining which existing employees are qualified or trainable for projected job openings
Forecasting Supply of Inside Candidates
-used particularly for the firm’s top positions
-shows the present performance and promotability for each position’s potential
replacement
Personnel Replacement Charts
create a card for each position showing possible replacements, as well as present
performance, promotion potential, and training
Position Replacement Card
-forecasts availability of internal job candidates
-involves creating a matrixx that shows the probabilities that employees in the chain of
feeder positions for a key job (e.g. junior engineer to engineer to senior engineer, and so on) will move from position to position and therefore be available to fill the key position.
example: shows how a junior engineer’s probability to be promoted to engineer
when it becomes vacant
Markov Analysis
-done usually if there won’t be enough skilled inside candidates to fill anticipated openings
-this can be done by looking at the locale or industry’s unemployment rates
Forecasting the Supply of Outside Candidates
which means trying to see whether finding suitable candidates from outside the company would be easier or if there is a supply of outside candidates
FORECASTING WORKFORCE AVAILABILITY
(Forecasting the Supply of Outside Candidates)
continuous planning of how projected employee shortfalls can be filled with the current recruitment or employee retention plans.
Predictive Workforce Planning
-workforce planning should culminate in a workforce plan
plan should identify the ff:
-positions to be filled
-potential internal and external candidates or sources
-training and promotions that filling the jobs would entail
-resources that are required to implement the plans;
*recruiter fees
*training costs
*interview expenses
Matching Projected Labor Supply and Demand with a Plan
systematically identifying, assessing, and developing organizational leadership to enhance performance
Succession Planning
- Identify the key position needs
—defining key positions to be filled (such as CEO) and “high potentials” (candidates
who have to potential to succeed in the position)
—review current talent and creating skills profiles for the key positions - develop inside or bring in outside candidates
—provide candidates with the developmental experiences required to be viable replacements
—employers do this through:
*internal training and cross-functional experiences
*job rotation
*external training
*global/regional assignments - assess and choose inside (or outside) candidates who will fill the key positions
3 MAIN STEPS OF SUCCESSION PLANNING
- Employee Recruiting
- Recruitment Sourcing
- Recruiting Yield Pyramid
EFFECTIVE RECRUITING
—finding and/or attracting applicants for the employer’s open positions
—process of identifying, screening, shortlisting, and hiring
—purpose: filling up positions within the organization
—selecting the right person, for the right position at the right time
—positive process with attracting as many candidates as possible for vacant positions
EMPLOYEE RECRUITING
—involves determining what recruitment options are (referrals, online ads, etc.)
—assessing which options are the best for the job in question
–employers look at how many applicants each source gener
–other effectiveness metrics should include:
*how many applicants were hired
*how well the hired applicants performed
*how many failed and had to be replaced
*applicants’ performance in terms of training, absenteeism, and turnover
—employer’s brand or reputation affects recruiting success
–branding focuses on what it’s like to work at the company
–includes company values and work environment
Recruiting Sourcing
—used to gauge the staffing issues needed to be addressed
—historical arithmetic relationships between:
*recruitment leads and invitees
*invitees and interviews
*interviews and offers made
*offers made and offers accepted
Recruiting Yield Pyramid
—internal sources or “hiring from within” are often the best sources of candidates
—internal recruiting is assumed to improve employee engagement
—factors to consider are size of the organization, recruiting policy, image of organization (branding), and image of job
Promote from within if:
*the company is thriving
*there is an effective succession planning
*have the skills needed within the existing employee pool
Internal Sources of Candidates
—strengths and weaknesses of candidates are already made known
—current employees may be more committed to the company
—morale and engagement may rise when employees see promotions as rewards for
loyalty and competence
—inside candidates require less orientation and training
Advantages of Internal Sources of Candidates
—inbreeding - refers to a situation when managers look for employing “clones” of their current “effective” workforce
—rejected internal candidates may be discontented
Disadvantages of Internal Sources of Candidates
—publicizing an open job to a company’s employees by posting on company intranets or bulletin boards
—postings list the job’s attributes such as qualifications, supervisor, work schedule, and pay rate
Job Posting
reveal which employees have the right background for the open job
Qualifications Skill Inventories
- Promotions
- Transfers
- Recruitment of Former Employees
- Internal Advertisements or Job Posting
- Employee Referrals
- Previous Applicants
Types of Internal Sources of Recruitment
—advancement of employees by evaluating their job performance
—leads to an increase in pay and benefits
—the process of shifting an employee from a lower position to a higher position with
more responsibilities, remuneration, facilities, and status
—may be used to fill vacancies of higher positions
PROMOTIONS
(Types of Internal Sources of Recruitment)
—process of interchanging from one job to another without any change in the designation and responsibilities
—shifting of employees department to department, location to location, or branch to branch
—normally based on the job requirements and capabilities of employees
TRANSFERS
(Types of Internal Sources of Recruitment)
—ex-employees are called back, depending upon the requirement of the positions
—cost-effective and saves plenty of time
—ex-employees are well aware of the organization, what the job entails, and the personnel
Recruitment of Former Employees
(Types of Internal Sources of Recruitment)
—process of posting and advertising jobs within the organization
—an open invitation to all the employees within the organization, where they can apply for the vacant positions
Internal Advertisements or Job Postings
(Types of Internal Sources of Recruitment)
—hiring new employees through references of current emplyees
—present employees can refer their friends and relatives
Employee Referrals
(Types of Internal Sources of Recruitment)
—hiring team examines the profiles of previous applicants from the organizational
recruitment database
—they can be easily contacted and will be positive in response in most cases
Previous Applicants
(Types of Internal Sources of Recruitment)
—factors to consider are demographic factors, labour market, unemployment rate, labour laws, legal considerations, and competitors
Outside Sources of Candidates
—recruitment is carried out by putting a notice regarding job vacancy on the notice board of the organization
—also called as factory gate recruitment
—used to recruit blue collar and technical workers
Direct Recruitment
—recruitment through “serendipitously” encoutering the “right candidates”
—job openings are not being publicized at all
Informal Recruiting
—employers post job opening ads on their websites and job boards (such as Indeed.com)
Recruiting Via Internet
—online visitors can listen to presentations, visit booths, leave resumes, and business
cards, participate in live chats, and get contact information from recruiters
—last about 5 hours
Virtual Job Fairs
(Recruiting Via Internet)
—generates more responses quicker and for a longer time at less cost
—have stronger effect on applicant attraction than print ads
Pros of Recruiting Via Internet
—bias in terms of exclusion of certain minorities and older applicants due to them being less likely to be online
—internet overload where employers end up being bombarded with resumes
*self-screening is a remedy where a company posts detailed job duties listings
and by having applicants answer a short online pre-screening questionnaire
Cons of Recruiting Via Internet
—online systems that help employers attract, gather, screen, compile, and manage applicants
—provide requisitions management for monitoring open jobs
—provide applicant data collection
—provide reporting (such as cost per hire and hire by source)
Applicant Tracking Systems (ATS)
(Recruitment Software)
—most prevalent and common external sources of recruitment
—best way to source candidates in a short span
—provides an efficient way of screening the specific requirements of the candidates
—must take into consideration the advertising medium and ad’s construction
*Medium
the best medium depends on the positions in which one is recruiting
Advertising
Attention
Interest
Desire
Action
AIDA
Constructing the Ad/advertisement
—a government entity where details of the job seekers are deposited and given to the
employers for filling the vacant positions
—accommodating in hiring of the unskilled, semi-skilled, and skilled workers
Employment Exchanges
job seekers usually register themselves with agencies and in this way, agencies have a database of qualified candidates and organizations can use their services at the time of requirement
Employment Agencies
- Public Agencies
- Nonprofit Agencies
- Private Agencies
3 Main Types of Employment Agencies