MGHB12H3 Lecture Notes - Lecture 5: Outsourcing, W. M. Keck Observatory, W. M. Keck Observatory
Document Summary
Week 4- chapter 5 expanding the talent pool: recruitment and careers: employee profiles- profiles of a workers development by studying an organizations top performers to recruit similar types of people, they then pursue candidates using this information. Should a firm recruit internally or externally: managers usually follow the policy of filling job vacancies above the entry- level position through promotions and transfers, promoting employees rewards them for past performance and encourages them. Improves morale within the organization: eliminates training costs. Jobs that require specialized training and experience cannot always be filled from within the organization and may need to be filled from outside: some applicants bring more than knowledge to their new employers. Accountants, lawyer when they leave the firm their client go with them) Labour markets: the condition of the labour can have a big effect on a firms recruiting plans. Internal job postings- small business might simply post a notice on a bulletin board in its break room.
