RECRUITMENT STRATEGIES Flashcards

1
Q

· Some organizations choose to have specific individuals working for them who focus solely on the recruiting function of HR.
· Recruiters use similar sources to recruit individuals, such as professional organizations, websites, and other methods discussed in this chapter.
· Recruiters are excellent at networking and usually attend many events where possible candidates will be present.
· Recruiters keep a constant pipeline of possible candidates in case a position should arise that would be a good match.
· There are three main types of recruiters:

A
  1. RECRIUTERS
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2
Q

These companies are focused on high-level positions, such as management and CEO roles. They typically charge 10–20 percent of the first year salary, so they can be quite expensive. However, they do much of the upfront work, sending candidates who meet the qualifications.

A

o Executive search firm.

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3
Q

Suppose your receptionist is going on medical leave and you need to hire somebody to replace him, but you don’t want a long-term hire. You can utilize the services of a temporary recruitment firm to send you qualified candidates who are willing to work shorter contracts. Usually, the firm pays the salary of the employee and the company pays the recruitment firm, so you don’t have to add this person to your payroll. If the person does a good job, there may be opportunities for you to offer him or her a full-time, permanent position. Kelly Services, Manpower, and Snelling Staffing Services are examples of staffing firms.

A

Temporary recruitment or staffing firm.

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4
Q

Suppose your receptionist is going on medical leave and you need to hire somebody to replace him, but you don’t want a long-term hire. You can utilize the services of a temporary recruitment firm to send you qualified candidates who are willing to work shorter contracts. Usually, the firm pays the salary of the employee and the company pays the recruitment firm, so you don’t have to add this person to your payroll. If the person does a good job, there may be opportunities for you to offer him or her a full-time, permanent position. Kelly Services, Manpower, and Snelling Staffing Services are examples of staffing firms.

A

Temporary recruitment or staffing firm.

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5
Q

A corporate recruiter is an employee within a company who focuses entirely on recruiting for his or her company. Corporate recruiters are employed by the company for which they are recruiting. This type of recruiter may be focused on a specific area, such as technical recruiting

A

Corporate recruiter.

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6
Q

is paid only when the recruiter starts working, which is often the case with temporary recruitment or staffing firms.

A

A contingent recruiter

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7
Q

gets paid up front (in full or a portion of the fee) to perform a specific search for a company.

A

A retained recruiter

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8
Q

· Colleges and universities can be excellent sources of new candidates, usually at entry-level positions.
· Consider technical colleges that teach cooking, automotive technology, or cosmetology. These can be great sources of people with specialized training in a specific area.
· Universities can provide people that may lack actual experience but have formal training in a specific field.
· Many organizations use their campus recruiting programs to develop new talent, who will eventually develop into managers.
· For this type of program to work, it requires the establishment of relationships with campus communities, such as campus career services departments.
Setting up a formal internship program might also be a way to utilize college and university contacts.

A
  1. CAMPUS RECRUITING
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9
Q

· Professional associations are usually nonprofit organizations whose goal is to further a particular profession.
· Almost every profession has its own professional organization. For example, in the field of human resources, the Society for Human Resource Management allows companies to post jobs relating to HR. The American Marketing Association, also a professional organization, allows job postings as well. Usually, there is a fee involved, and membership in this association may be required to post jobs.
· Labor unions can also be excellent sources of candidates, and some unions also allow job postings on their website.
The key to using this as a successful recruitment strategy is to identify the organizations that relate to your business and to develop relationships with members in these organizations. This type of networking can help introduce you to people in your industry who may be looking for a job or know of someone who needs a job

A
  1. PROFESSIONAL ASSOCIATIONS
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9
Q

· Professional associations are usually nonprofit organizations whose goal is to further a particular profession.
· Almost every profession has its own professional organization. For example, in the field of human resources, the Society for Human Resource Management allows companies to post jobs relating to HR. The American Marketing Association, also a professional organization, allows job postings as well. Usually, there is a fee involved, and membership in this association may be required to post jobs.
· Labor unions can also be excellent sources of candidates, and some unions also allow job postings on their website.
The key to using this as a successful recruitment strategy is to identify the organizations that relate to your business and to develop relationships with members in these organizations. This type of networking can help introduce you to people in your industry who may be looking for a job or know of someone who needs a job

A
  1. PROFESSIONAL ASSOCIATIONS
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9
Q

· Professional associations are usually nonprofit organizations whose goal is to further a particular profession.
· Almost every profession has its own professional organization. For example, in the field of human resources, the Society for Human Resource Management allows companies to post jobs relating to HR. The American Marketing Association, also a professional organization, allows job postings as well. Usually, there is a fee involved, and membership in this association may be required to post jobs.
· Labor unions can also be excellent sources of candidates, and some unions also allow job postings on their website.
The key to using this as a successful recruitment strategy is to identify the organizations that relate to your business and to develop relationships with members in these organizations. This type of networking can help introduce you to people in your industry who may be looking for a job or know of someone who needs a job

A
  1. PROFESSIONAL ASSOCIATIONS
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10
Q

· If you have ever had to look for a job, you know there are numerous websites to help you do that. From the HR perspective, there are many options to place an ad, most of which are inexpensive.
The downside to this method is the immense number of résumés you may receive from these websites, all of which may or may not be qualified.

A
  1. WEBSITES
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11
Q

· Facebook, Twitter, LinkedIn, YouTube, and MySpace are excellent places to obtain a media presence to attract a variety of workers.
· The goal of using social media as a recruiting tool is to create a buzz about your organization, share stories of successful employees, and tout an interesting culture.
· Even smaller companies can utilize this technology by posting job openings as their status updates. This technique is relatively inexpensive, but there are some things to consider.
Creativity with a social media campaign also counts.

A
  1. SOCIAL MEDIA
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12
Q

· Many organizations, such as Microsoft, hold events annually to allow people to network and learn about new technologies. Microsoft’s Professional Developer Conference (PDC), usually held in July, hosts thousands of web developers and other professionals looking to update their skills and meet new people.
Other events may not be specifically for recruiting, but attending these events may allow you to meet people who could possibly fill a position or future position. For example, in the world of fashion, Fashion Group International (FGI) hosts events internationally on a weekly basis, which may allow the opportunity to meet qualified candidates.

A
  1. EVENTS
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13
Q

· Special/specific interest groups (SIGs), which may require membership of individuals, focus on specific topics for members. Often SIGs will have areas for job posting, or a variety of discussion boards where jobs can be posted. For example, the Women in Project Management SIG provides news on project management and also has a place for job advertisements.

A
  1. SPECIAL/SPECIFIC INTEREST GROUPS (SIGS)
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14
Q

· Most recruiting plans include asking current employees, “Who do you know?”
· The quality of referred applicants is usually high, since most people would not recommend someone they thought incapable of doing the job.
· Emailing a job opening to current employees and offering incentives to refer a friend can be a quick way of recruiting individuals.
Due to the success of most formalized referral programs, it is suggested that a program be part of the overall HRM strategic plan and recruitment strategy. However, be wary of using referrals as the only method for recruitment, as this can lead to lack of diversity in a workplace. Nepotism means a preference for hiring relatives of current employees, which can also lead to lack of diversity and management issues in the workplace.

A
  1. REFERRALS
15
Q

· Part of recruitment planning includes budgeting the cost of finding applicants. For example, let’s say you have three positions you need to fill, with one being a temporary hire. You have determined your advertising costs will be $400, and your temporary agency costs will be approximately $700 for the month. You expect at least one of the two positions will be recruited as a referral, so you will pay a referral bonus of $500.
· Here is how you can calculate the cost of recruitment for the month:

cost per hire = advertising costs + recruiter costs + referral costs + social media costs + event costs

A yield ratio is the percentage of applicants from one source who make it to the next stage in the selection process (e.g., they get an interview). For example, if you received two hundred résumés from a professional organization ad you placed, and fifty-two of those make it to the interview state, this means a 26 percent yield (52/200)

A

COST OF RECRUITMENT