class 11-12

Strategic Importance of Recruitment

Effective recruiting enhances organizational performance.

Fundamental Attribution Error (FAE)

Overemphasis on personal traits over situational factors.

Hiring Stars

Recruiting top performers to improve outcomes.

Financialization of Energy

Buying and selling energy as financial assets.

Organizational Performance

Effectiveness of an organization in achieving goals.

Retention/Turnover

Keeping employees vs. employee departures.

Total Rewards

Comprehensive compensation and benefits package.

Performance Management

Process of ensuring employees meet organizational goals.

Recruitment Avenues

Channels used to attract job candidates.

Diverse Workforce

Variety of employees from different backgrounds.

Application Forms

Documents used to collect candidate information.

Policy Constraints

Rules limiting recruitment practices.

Recruiting from Within

Promoting existing employees to new positions.

Recruiting from Outside

Hiring new candidates from outside the organization.

Too-Much-Talent Effect

Excess talent can hinder group performance.

Better than Average Effect

Tendency to overestimate one's abilities.

HR Planning

Forecasting future human resource needs for strategy.

Job Requirements

Specifications detailing necessary skills for a position.

Recruiting Sources

Methods used to find potential job candidates.

Internal Recruiting

Hiring candidates from within the organization.

External Recruiting

Hiring candidates from outside the organization.

Diversity Policies

Guidelines to ensure a diverse workforce.

Application Form

Standardized form collecting candidate information.

Step 1 of Recruitment

Identify job openings via HR planning.

Step 2 of Recruitment

Determine job requirements and update descriptions.

Step 3 of Recruitment

Choose appropriate recruiting sources and methods.

Step 4 of Recruitment

Generate a pool of qualified recruits.

Standard Application Form

Includes education, work history, and skills.

Application Forms

Forms used to collect candidate information.

Pros of Online Applications

Increase exposure, reduce lost applications, minimize biases.

Cons of Online Applications

Potentially higher application volume to manage. can exclude older people

Employment Equity Plan

Goals for hiring designated group members.

Designated Groups

Women, minorities, disabled, Indigenous peoples.

Non-traditional Strategies

Outreach methods to attract diverse candidates.

Compensation Policies

Guidelines limiting pay and benefits adjustments.

Promote-from-within Policies

Internal job postings before external recruitment.

Human Capital Theory

Investment in employee knowledge benefits both parties.

Job Posting

Notifying employees of vacant positions.

Human Resources Records

Information on existing employees for recruitment.

Skills Inventories

Lists detailing core skills of current employees.

Recruitment Avenues

Methods for sourcing candidates for positions.

Advantages of External Recruitment

Larger, diverse candidate pool with new skills.

Reduced Training Costs

Hiring skilled individuals minimizes training expenses.

Four Steps of Recruitment

Process stages: planning, sourcing, selecting, onboarding.

Caveats of Recruitment

Talent alone may not ensure performance.

Yield Ratio

Percentage of applicants advancing in selection process.

Time Lapse Data

Duration from recruitment start to employee start date.

Cold Calls

Inexpensive recruitment method via direct outreach.

Walk-Ins

Candidates apply in person without prior referral.

Write-Ins

Unsolicited résumés submitted to organizations.

Executive Search Firms

Agencies specializing in recruiting high-level positions.

Private Employment Agencies

Companies that help match candidates with job openings.

Online Networking Sites

Platforms for job searching and professional connections.

Print Advertising

Traditional method of job postings in newspapers.

Labour Organizations

Groups representing workers in various industries.

Diverse Applicant Pool

Variety of candidates from different backgrounds.

Systemic Discrimination

Inequitable hiring practices affecting certain groups.

recruitment

Searching out and attracting qualifies job applicants