Week 2 Flashcards
What is recruitment vs Selection?
Recruitment is about attracting propective candidates and appealing to them
Selection is about determining which candidate best matches the requirements
The strategic approach to recruitment and selection?
- Business strategy - What are the company goals and objectives
- Workforce planning - create a plan that ensures the right number, type, and time of hiring
- Recruitment
- Selection
What is HR forecasting and the process?
HR forecasting is the process of identifying the estimated supply and demand for human resources. The steps are to:
1. Forecasts of labour - create a forecast of supply and demand for specific labour
2. Goal setting and strategic planning
3. Implementation
4. Evaluation
What methods/information does forecasting of labour have/produce?
HR forecasting allows the organisation to predict whether the strategic choice will be a success or not. The forecasting process depends on 2 types of information:
1. Quantitative forecasting
2. Qualitative forecasting
What are the 3 types of quantitative forecasting?
- Trend analysis - looks at historical data
- Ratio analysis - calculates proportions
- Regression analysis - statistical relationships between variables
What are the 2 factors to consider when addressing labour shortages or surplus?
- Speed - the rate at which the issue is addressed
- Impact - the output from the actions
Wide net vs trawl
Wide nets should be used when trying to find applicants for positions that are hard to fill. A wide trawl should be used when there is a large applicant pool for a job that isn’t too hard to fill
2 parts of the job that appeal to applicants?
- Attractiveness of the job
- Fit - extent to which the candidate matches the organisation
What is an employer brand?
The extent to which an organisation is recognised by internal and external labour market. Applicants should be able to look at the employer brand and identify fit
what is effective employer branding?
The perception of brand is important. It is shaped by degree of familiarity and external ratings of reputation.
What is perception of brand shaped by?
It is shaped more by diffuse cues than by explicit cues. Diffuse cues are what the office looks like, dress code, represenation. Spending more money on explicit statements is pointless if the diffuse cues say something else
What are 2 baskets of employee branding?
- Instrumental characteristics - the company’s location benefits etc
- Symbolic characteristics - the tangible, subjective, and abstract elements
What are the 2 recruitment strategies?
- Low involvement strategy which known companies with positive images do.
- Active involvement strategy which actively discusses to applicants
What are the 2 broad recruititing strategies
- Internal recruitment
- External recruitment
What are the 4 criteria to evaluate recruitment methods?
- Cost per hire - recruiting costs per hire
- Time-to-fill rate - time it takes from the job opening announcement till start
- Diversity
- Yield ratio - viable applicants divided by total applicants