HRM 2600 Chapter Notes - Chapter 5: Peter Principle, Career Counseling, Unemployment Benefits
7 Nov 2012
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Chapter 5- expanding the talent pool: recruitment and careers. Has the advantage of reaching a large audience. Disadvantage: unqualified people may apply to the job. A research has shown that a candidate who has been treated well by a potential employer will on average tell one other person. On the other hand, a candidate who has been treated poorly(tardy rejection letter) will on average tell 11 or people. Approach is cheaper, faster, and potentially more effective. Word- of mouth recommendations are the way most job positions are filled. Several way to increase the effectiveness of employee referral programs. Or pay for dinners, all expense- trips, free insurance. Employees will likely focus on people they know in the area. Some firms save part of the referral bonus until the new hire has stayed for 6 months. This encourages referring employees to help the new hires succeed. Educating employees about the kinds of people the organization wants to hire.
