ADMS 2600 Chapter Notes - Chapter 5: Blue-Collar Worker, Job Satisfaction, W. M. Keck Observatory

• School: York University
• Department: Administrative Studies
• Course: ADMS 2600
• Professor: Monica Belcourt

Document Summary

Recruiting talent externally (advantage: ability to find specialized skills & new ideas and methods: a tight labour market = very low available workers and high employment, a loose labour market = very many available workers and low employment. Factors that determine the relevant labour market: skills required for the job, compensation, ease of commute, location of job, etc. Improving the effectiveness of external recruitment calculating yield ratios on recruiting sources: helps indicate which recruitment sources are the most effective at producing qualified job candidates (total #/# of successes) calculate the cost of recruitment (per employee hired) H h: ac = advertising costs, af = agency fees, rb = referral bonuses, nc = no cost hires, walk ins, etc, h = total hires. To lessen the chances of losing top performers, some managers actively identify high potential. At-risk employees and take steps to retain these employees.