BU354 Lecture Notes - Lecture 5: Reasonable Accommodation, Cooperative Education, Applicant Tracking System
Document Summary
Recruitment: process of finding and attracting capable individuals to apply for employment and to accept a job offer if or when one is made to them. Selection: involves the identification of candidates from a pool of recruits who best meet job requirements using tools such as application blanks, tests, and interviews. Competitive advantage: a competitive advantage exists when the firm can deliver the same value and benefits as competitors but at a lower cost, or deliver more benefits or unique value that exceed those of competing products. If applicants lack the necessary skills or aptitudes or both, considerable addition resources may have to be invested into selection, training and development, employee communication systems and employee relations practices. Investing resources into recruitment: total recruitment budget affects the quality of recruits and the overall effectiveness of recruitment activity, the costs of a bad hire may not be translatable into monetary terms.
