Recruiting Approaches For Tanglewood - Assignment Example

? Tanglewood Case Study Introduction Recruitment is certainly one of the most important sections of the operational process of any organization. Recruitment will help companies to identify and acquire candidates for the vacant positions, which will accelerate the overall performance of the organization. Contextually, Tanglewood has the need to recruit sales associates for their stores for which they need a proper recruitment plan that includes an appropriate recruitment guide. Furthermore, based on their requirement of human resource the company will also need to identify proper recruitment methods after taking into consideration the historical recruitment data of the company (Heneman III, Judge & Kammeyer-Mueller, 2011). With reference to the recruitment needs of the company, the aim of the paper will be to analyses the past recruitment records of Tanglewood and recommend an appropriate recruitment method and approach for its future recruitment needs. Recruitment Guide Position: Store job associate Reports to: Regional Managers Qualifications Required: Anyone with a previous work experience in other stores, as a sales associates or assistant manager can apply for the post. Freshers can also submit their application for the mentioned designation Relevant Labor Market: Washington and Oregon Activities to Undertake: Employee referrals, Newspaper advertising, Post job vacancy on company website Staff Members Involved: HR recruiting manager and Regional manager Budget: $ 3,070,768 for each region Advantages of Open and Targeted recruiting Approaches for Tanglewood It is known that recruitment is one of the most important and highly prioritized processes of any organization. Selection criteria of recruitment methods have reached a position of prime importance. Contextually, open and targeted recruitment is considered to be beneficial. In open recruitment, companies will not have the need to sub-divide the labor market on the basis of the knowledge, skills and abilities. In this method, all the applicants are considered eligible for the post. It can be depicted that the method is quite fair as all candidate, those who has the desire for the job will get equal opportunity. Moreover, owing to this method, organizations will be able to scrutinize a wider range of candidates for the post. On the other hand, in targeted recruitment, organizations target at a particular group of qualified candidate for the post. In this method, the company needs to deal with only the qualified candidates, which make their selection process simpler, time saving and cost effective. Furthermore, this method ensures maximum probability for the company to recruit desired candidate for the job (Heneman III, Judge & Kammeyer-Mueller, 2011; Roberts, 1997). Evaluation of the Historical Cost of Recruitment to Determine Effectiveness Tanglewood adopted five methods of recruitment in the past which comprise of media, referrals, Kiosk, State Job Services and staffing agency. All this methods have their own set of advantages and disadvantages. Candidates recruited through media advertising cost the company $4,945,655 in the past years. The hiring rate of candidate through media advertising comprises 14.66% with a retention rate of 44.66% for the same. Subsequently, candidate recruited through referrals cost the company with an amount of $ 8,437,420. The hiring rate through this method was 29.66% on an average. The retention rate of the candidate hired through this method is depicted to be around 54.33%. Furthermore, candidate selected through the means of Kiosk cost the company around $ 10,097,412. The hiring rate and retentions rate of candidate recruited through this method are 16.75% and 62% respectively. Apart from this, candidate recruited through job services cost the company merely $ 1,412,720. The hiring and retention rate for this method are 9% and 75% respectively. Cost of using agency method for recruitment is around $ 3,798,880 with a hiring rate of 33.50% and a retention rate of 90% (Heneman III, Judge & Kammeyer-Mueller, 2011). From the above illustration, it is quite apparent that the company implements all the five methods in various regions of its operation. However, recruitment method of job services is least implemented. It has been noted from the analysis that the company mainly implements the methods of media advertising, kiosk and referrals. Among these three methods, kiosk and referrals are seen to be appropriate as they have higher retention and hiring rate respectively. Since the cost of kiosk is higher than that of referrals, the later can be considered as more appropriate as a recruitment tool for the company. However, the candidates recruited through agencies comprise maximum percentage of retention rate for the organization (Heneman III, Judge & Kammeyer-Mueller, 2011). Recommendations for Tanglewood From the analysis, certain aspects of recruitment process of the company are apparently visible. The comparison regarding advantages of open and target recruitment approaches, avail the company with a specific choice. Hence, with consideration of the understanding obtained from the analysis certain inputs can be recommended for the company. Regarding recruitment approaches the company should implement the open approach while targeting candidates for the vacant posts. With the adoption of this approach, the company will be able to gain a widespread access for their need. Furthermore, with open targets approach the company will have a large pool of candidates to choose from which will further increase the probability of getting appropriate candidate. Furthermore, analysis of data related to previous recruitments of the company suggests the method of referral to be yielding maximum positive outcomes. However, it has been observed that using agencies has yielded maximum retention rate for the company but owing to low hiring rate of the same, its appropriateness is highly uncertain. Hence, it would be recommended that the company should adopt the method of referrals to fulfill its recruitment needs. Conclusion From the overall analysis, it can be comprehended that recruitment has a significant role to play in any organization in the modern day context. Among the widely used approach, open and target recruitment are vital to consider. However, owing to the advantage associated with the open target approach, the report recommends the same to Tanglewood Company. Analyzing the previous recruitment data of Tanglewood, it suggests that the recruitment method of referrals yield some positive results for the company in the past. Hence, the method is recommended to the company for its future recruitment needs. In concluding the report, it can be stated that the combination of open recruitment approach and referrals will certainly enable the company to recruit appropriate candidates for a selected job role. References Heneman III, H., Judge, T., & Kammeyer-Mueller, J. (2011). Staffing organizations. New York: McGraw-Hill Education. Roberts, G. (1997). Recruitment and selection: a competency approach. London: CIPD Publishing. Appendix Read More