BU354 Lecture Notes - Lecture 5: Competitive Advantage, W. M. Keck Observatory, Absenteeism
Document Summary
Recruitment the process of finding and attracting capable individuals to apply for. Chapter 5 recruitment employment and to accept a job offer if/when one is made to them. Identify job requirements: determine recruitment methods, obtain applications, constraints. Strategic importance of recruitment: gaining competitive advantage from hr, the presence of highly skilled motivated workers can be a real competitive advantage. Investing resources into recruitment: cost to recruit not only successful employees but inappropriate recruits that leave cause additional cost to hire and train replacements, other investments include selecting and training recruiters. Inducements: monetary, nonmonetary, or even intangible incentives used by a firm to attract recruits, used to stimulate a potential recruit"s interest. Applying for a job: resume a brief summary of the applicant"s background. Social media: facebook, linkedin, google, recruiters need to know what tools their prospective recruits in their industry are using and focus their recruiting efforts on them.
