Recruitment in Human Resource Management

These flashcards cover key concepts and terminology related to recruitment in human resource management, based on the lecture notes.

Recruitment

The process of finding and attracting suitable candidates to apply for employment.

Talent Acquisition

A dedicated recruitment function within HR departments focused on establishing a pool of suitable candidates.

Quality vs. Quantity

In recruitment, it is the quality of candidates that matters more than the quantity.

Skill Shortages

A situation where there is a lack of candidates with the necessary skills in the job market.

Internal Recruitment

The process of filling job vacancies from within the organization.

External Recruitment

The process of filling job vacancies by seeking candidates from outside the organization.

Employee Referrals

A traditional recruitment method where current employees recommend candidates for open positions.

Applicant Tracking System (ATS)

Software that automates the hiring process, helping manage job applications and candidate data.

Cost per Hire

A metric used to calculate the total cost involved in hiring a new employee.

Quality of Hire

A measure of the effectiveness of recruitment, based on the performance of new employees over time.