MGMT9700 Chapter Notes - Chapter 5: W. M. Keck Observatory, Management Development
Document Summary
External supply pool from which organizations attract employees. All individuals who are available for selection if all possible recruitment strategies are used. A subset of the labour force population that is available for selection using a particular recruiting approach. All persons who are actually evaluated for selection. Geographic labour markets: local, regional, national, international. Global labour markets: including exporting work to overseas labour markets, recruiting processes must consider differences in culture, laws, and language. Industry and occupational labour markets: based on ksas required for the jobs. Educational and technical labour markets: individuals with specific licences, certifications, or educational backgrounds. Advantages: morale of promote usually high, better assess candidate"s abilities, recruiting costs lower, process is motivator for good performance, process causes succession of promotions, firm hires only at entry level. Disadvantages: inbreeding results, those not promoted may experience morale problems, employees may engage in political fighting for promotions, management development program is needed.
