BUSI 3305U Chapter 1: Chapter 1 Notes
Document Summary
Using best practices in recruitment and selection adds value to an organization and contributes to the success of a company. Recruitment: generation of an applicant pool for a position or job in order to provide the required # of candidates for a subsequent selection or promotion program. Meets management goals and objectives for organization and must meet current legal requirements. Selection: choice of job candidates from previously generated applicant pool in a way that meets management goals and objectives + current legal requirements. Hiring at entry level, promo, transfer of ppl in an organization. *recruitment & selection are responsible for up to 15% of a firm"s relative profit, establish employee trust, long term profitability and productivity. Social/ economic factors affecting recruitment: global competition. Canada is among the 15 most globalized countries in the world. Level of competition increases and trade barriers soften: rapid technological advances. Use of internet = larger pool, eliminating printing costs: changing work-force demographics.
