Analyzing Different Sources of Recruitment - Assignment Example

Analyzing Different Sources of Recruitment Recruiting can be defined as the process of developing a pool of potential applicants to improve workforce quality and gain competitive advantage. Effective recruitment plans require thorough understanding of the business and industry, refining networks and relationships, establishing the employer brand, use of key performance metrics to analyze effectiveness and forecasting the need of talent before the supply. It is important f the HR department to effectively use all the recruiting sources efficiently to make sure that the organization has the best possible talent pool. Some of the most widely used sources of recruitment include both internal and external sources. The internal sources include internal company database, employee reference s. The external sources of recruitment include internet/ online mediums, Employment agencies, educational institutions, job fairs and ads in print media. This section of the study looks to provide a comparative analysis of all the sources (Bhattacharya, 2009, p. 225). The internal recruitment sources include employee database, former employees and applicants, current employee referrals and promotions and transfers. Some of the major advantages of using internal sources are: The overall morale of the employees are quite high, The Company can assess the attitude towards work as well as ability due to prior work actions. The internal recruiting sources are much less costly than the external sources. Internal recruiting can work as a motivating force for good performances by the existing employees. The process of internal recruiting usually aids the succession planning process, future promotions as well as career development. The firm can actually hire people at the entry level and then move those employees up the ladder based on experience and performance. This will help the company to retain employees and save cost. There are some disadvantages of internal recruitment also. The inbreeding of employees may lead to a less diverse workforce. People not getting promotions may experience low degree of morale; some may actually indulge in a political tug of war. Most of the time developmental programs are required to transfer employees in to a supervisory role. Managers may resist employees being promoted to other departments. Employment agencies are organizations that bridge the gap between employers and employees. Such agencies provide advantages to employees as well as employers. Employees can have look at offers that are not advertised, reduces the cost and time involved in sending CV to the employers. It provides a lot more choices of companies and industries to the employers. From the perspective of the employers the agencies saves a lot of time. Agencies focus on the specific needs of the employers. Long-term relationship between employers and agencies can help eh company to develop a large pool of database. There are some disadvantages also. The employers have to pay expensive fees. It may be lost time if suitable candidates are not found. One of the major disadvantages of from the point of view of employees in that sometimes the focus is on company needs than that of the needs of the employees’. Job fairs can be described as exhibition to bridge the gap between employers and job seekers. Job fairs provide opportunity to the job seekers to meet various employees at the same point of time. Some applicants are hired through job fairs, but for those not hired it may turn out to be waste of money. Online recruitment can be describes as the use of internet to attract candidates to help the overall recruitment process. Online recruitment mainly includes company website, third party job portals, social media and search engine marketing. Pros of online recruitment include- no intermediaries, high level efficiency in the recruitment process, provides 24/7 access to collection of CVs, reduces the overall time of recruitment. Some cons include organizations solely cannot depend upon the e-recruitment, is some countries people have not yet become internet say, CV screening and mapping of skills may lack authenticity. Another form of external recruiting is through campus recruitments. Major companies recruit talent pools from engineering and management colleges. Some of the pros of campus recruitment are- save time and effort, provides access to large amount of quality talent pool, and provides opportunity to develop long term bonds. Based on the above analysis it can be concluded that both internal and external recruitment sources have their own importance and hence the organizations should use the resources as per the needs of the company keeping the pros and cons of each source in mind. Advantages and disadvantages of internet recruiting Legal Issues Related to the Field of internet recruiting Challenging issue facing the HRD field today HR Measurement HR measurement has been one of the hottest topics quite sometimes now. The importance of binding the measurement to business has avoided many HR functions in the past decade. Many Hr leaders have been exchanged on the price of talent management. But now the companies want to see the impact of measurement on business. Workforce metrics and analytics Most of the companies believe that this is one area that the companies are working on. This helps the management to make the performance management system a lot more quantifiable. Predictive analytics can also be used to forecast future demand for workforce. Also it makes the modus operand of the HR department a lot more robust. Self learning culture Many major companies like apple and Google are promoting the concept of self learning culture. This calls for a making the employees work in small unstructured groups, so that the employees can come up with new innovative ideas. It also creates healthy competition among the employees. This method calls for less focus on structured training and development and more focus on job training and brain storming. References Bhattacharya, D. (2009). Human Resource Planning. India: Excel Books. Read More