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Assignment
on
“A Case Study On Recruitment Issues”
PGDM -VI
Compensation Management
Batch: 2008-2010
A. Introduction
Recruitment refers to the process of attracting, screening, and selecting qualified people for
a job at an organization or firm. For some components of the recruitment process, mid- and
large-size organizations often retain professional recruiters or outsource some of the process
to recruitment agencies.
The recruitment industry has five main types of agencies: employment agencies, recruitment
websites and job search engines, "headhunters" for executive and professional recruitment,
niche agencies which specialize in a particular area of staffing and in-house recruitment. The
stages in recruitment include sourcing candidates by advertising or other methods, and
screening and selecting potential candidates using tests or interviews. Recruitment is the
process of finding candidates, reviewing applicant credentials, screening potential employees,
and selecting employees for an organization. Effective recruitment results in an organization
hiring employees who are skilled, experienced, and good fits with your corporate culture.
Recruitment methods should ensure engaged competent, productive employees who are loyal
to your organization.
B. Top Ten Ideas for Recruiting Great Candidates
The smartest employers, who hire the best people, recruit a pre-qualified candidate
pool of potential employees before they need to fill a job.
You can develop relationships with potential candidates long before you need them.
These ideas will also help you in recruiting a large pool of candidates when you have
a current position available.
Recruiting Your Ideal Candidate:- A job description that tells potential employees
the exact requirements of the position is useful. Even more useful is the process you
use to develop the job description internally and the behavioral characteristics of your
ideal candidate. Assemble a team of people who represent the best qualities of the
people who currently hold the same or a similar position. Include the hiring manager.
Develop a job description that delineates the key responsibilities and outputs of the
position. Then, define the behavioral characteristics of the person you feel is your ideal
candidate. Finally, list your five - ten key responsibilities and characteristics you will use
to screen resumes, perform phone screens and eventually, establish the questions for the
candidates you interview.
Does your "Join Our Team" section of your company Web site tell and even, "sell,"
potential employees about the vision, mission, values and culture of your company?
Do you present a message about how people are valued? Do you express your
commitment to quality and to your customers? If not, you are missing out on one of
the most important recruiting tools you have to appeal to prospective high-potential
employees.
Don't let these potential employees submit their resumes and never hear from you
again either. You'd lose all the momentum you just spent time developing with the
favored few. Just as I recommended earlier with employee networks and professional
contacts, continue and nurture the relationship.
Think about what a potential employee considers before agreeing to join your
organization or business. Are you stable, making money and growing? Are you
employee-friendly? Does your mission catch the mindshare and/or the heartstrings of
the people you most want to recruit? Will a new employee feel part of something
bigger than themselves if they join you? Will your organization nurture their talent
and provide exciting opportunities for challenge and professional growth
The Internet, in addition to your own organization Web site, is in its infancy in terms
of its usefulness to employers, potential employees and society, in general. Learn how
to use the Internet to find and attract great candidates.
Use Headhunters and Recruiters
Consider using temporary staff as a solution to "try a person out in a position" or to staff a
position you are not sure you need for the long haul. Temporary employees can also provide a
useful buffer for the ups and downs of the business cycle so that you do not have to affect
your core staff during down times.
Temp firms will recruit and screen to your specifications and guarantee your satisfaction.
They save your staff immense amounts of time as they provide testing, drug screening,
reference checking, background checks, and anything else you'd like, for a nominal fee. By
the time I meet the selected group of candidates, most of the work, other than a personal job
interview, has been completed for me.
3. Retention:
As the war for talent continues to intensify, retention will become an increasingly
important priority for employers. Some employers are already utilizing a range of retention
strategies, predominantly based around non-financial incentives, but while those strategies
differ from business to business, their aim is the same – to combat the increasing skills
shortage and ensure future business success.
4. Generation Y: Generation Y are the young recruits of today who are the
future of our skilled candidate base. But this generation differs from the remainder of
today’s workforce in many ways. Many of the old rules of recruiting will not work for
Generation Y and employers need to understand how to mange, motivate and retain these
candidates to compete for them in the future.
6. Salaries:
While there were individual hotspots, in 2005 the skills shortage predominately had less
impact on salaries than in previous cycles and the focus was instead on benefits. However
as the supply of skilled and unskilled labor remains limited and the impact of those
shortages is more widely felt, pressure on salaries is likely to occur during 2006.
7. Counter offers:
Company knowledge (and a likely higher replacement cost) is an asset employers cannot
afford to lose and we therefore expect an increase in counter offers for resigning staff,
despite the fact their success is rare. If a counter offer is accepted we still caution concern
as the original motivation for looking for another role will remain unless addressed.
8. Flexibility:
A notable number of potential employees prefer or need employment with flexible options
to balance work and personal commitments. Consequently, for those jobs where flexible
approaches can be incorporated, employers are able to access the widest possible talent
pool. Common flexible staffing approaches include the employment of part-time and
casual staff, job sharing and flexible working hours.
9. Aging workforce:
There is an ongoing increase in the levels of jobseekers aged over 45. In previous years
many of these candidates were absorbed into the temporary recruitment market, however
in the permanent market these candidates remain an underutilized resource. Hopefully
2006 will see a reversal of this trend as it currently remains a significant issue in the
recruitment landscape.
4. 11. Off-shoring:
With some major Australian companies looking to offshore large portions of their
banking operations, there will be a significant impact on the local market with a
reduction in demand for banking operational skills such as transaction processing
and call centre functions in particular. This may also impact the opportunities for
entry-level banking candidates.