Recruitment
Recruitment
Recruitment
Module-3
DEFINITION
Continuous process
Linking activity
Positive function
Important function
Pervasive function
Fulfillment of Manpower needs
OBJECTIVES
To increase the success rate of the selection process by reducing the number of visibly
under qualified or overqualified job applicants.
To reduce the probability of selected job applicants leave the organization in short
periods.
To meet the organization's legal and social obligations regarding the composition of
its work-force.
Recruitment Planning at ICICI
Strategy Evaluation
Recruitment
Developm Searching Screening and
Planning
ent Control
Factors affecting Recruitment
External factors affecting recruiting:
Demand and supply
Unemployment rate
Recruitment policy
Advertisement
Employment Exchanges
Unsolicited Applicants
Head hunters
Labour contractors
Campus recruitment
Walk-ins
Job websites
Social networking sites
SOURCES OF RECRUITMENT
Internal Sources:-
Persons who are already working in the organization
constitute the internal sources.
Retired employees, dependents of deceased employees
relatives of current employees etc constitute internal
sources.
Merits: Demerits :-
Economical Limited choice
Suitable Inbreeding
Reliable Inefficiency
Satisfying Bone of contention
External Sources:-
Sources lie outside the organization
The organization can have the services of :
Employees working in other organizations
Job aspirants registered with employment exchanges
Students from reputed educational institutions
Candidates referred by unions, friends, existing employees and
relatives
Candidates forwarded by search firms and contractors
Candidates responding to advertisements issued by
organizations
Unsolicited applications/ walk-ins
Merits Demerits
Wide choice Expensive
Source of new ideas Time consuming
Motivational force De motivating
Long term benefits Uncertainty
Types of Recruitment
Centralised
Decentralised
Centralized recruitment:
OUTSOURCING
POACHING/RAIDING
“Buying talent” (rather than developing it) is the latest
mantra being followed by the organizations today. Poaching
means employing a competent and experienced person
already working with another reputed company in the same
or different industry; the organization might be a competitor
in the industry. A company can attract talent from another
firm by offering attractive pay packages and other terms and
conditions, better than the current employer of the
candidate.
E-RECRUITMENT
Many big organizations use Internet as a source of recruitment. E-
recruitment is the use of technology to assist the recruitment process.
They advertise job vacancies through worldwide web. The job seekers
send their applications or curriculum vitae i.e. CV through e mail using
the Internet. Alternatively job seekers place their CV’s in worldwide
web, which can be drawn by prospective employees depending upon
their requirements.
Cost Benefit Analysis of Recruitment
1. Yield ratio
2. Cost of recruitment or hire and
3. The quality of hire
Yield ratio