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Human Resource Management ELEVENTH EDITON SECTION 2 Staffing the Organization Robert L. Mathis John H. Jackson Chapter 7 Recruiting in Labor Markets PowerPoint Presentation by Dr. Zahi Yaseen Recruiting in Labor Markets After you have read this chapter, you should be able to : • Identify different ways that labor markets can be identified • and approached. • Discuss the advantages and disadvantages of internal versus external recruiting • Specify three internal sources for recruiting and issues associated with their use. • List and briefly discuss five external recruiting sources. • Explain why internet recruiting has grown and how employees are conducting it. • Discuss three factors to consider when evaluating recruiting efforts. Recruiting in Labor Markets • Strategic Approach to Recruiting It becomes more important as labor markets shift and become more competitive. It’s important that recruiting be a part of strategic HR planning. Figure 1. • Labor Markets External supply pool from which organizations attract employees. To understand recruiting takes place , figure 2. Figure 1 Strategic Recruiting stages HR Planning -How many employees will be needed? -When employees be needed? -What specific KSAs will be needed? -What diversity goals need to be met? Organizational responsibilities - HR staff and operating managers Strategic recruiting decisions -Organizational- based vs. outsourced recruiting -Recruiting presence and image -Recruiter training -Regular vs. flexible staffing -EEO/diversity considerations -Recruiting source choices Recruiting Methods - Internal - External -Internet /web based Figure 2 Labor Market Components Recruiting in Labor Markets • Labor Force Population All individuals who are available for selection if all possible recruitment strategies are used. • Applicant Population A subset of the labor force that is available for selection using a particular recruiting approach. • Applicant Pool All persons who are actually evaluated for selection • Labor markets and recruiting Figure 3 Labor Markets and Recruiting Issues Figure 3 Labor Markets Geographic Local Regional National International Industry and Occupational KSAs Educational and Technical Qualifications Organizational recruiting responsibilities • • • • HR Unit Forecast recruiting needs Prepare copy for recruiting ads and campaigns Plans and conducts recruiting efforts. Audits and evaluates all recruiting activities. Managers - Anticipate needs for employees to fill vacancies. - Determine KSAs needed from applicants. - Assist in recruiting effort with info about job requirements. - Review recruiting efforts activities. Strategic Recruiting decisions Internal Vs. External Recruiting Advantages Source Internal 1. Morale of promote 2. Better assessment of abilities 3. Lower cost of some jobs 4. Motivator for good performance 5.Causes a succession of promotions 6. Have to hire only at entry level. External 1. New blood brings new perspectives 2. Cheaper and faster than training professionals. 3. No group of political supporters in organization already. 4. May bring new industry insight. disadvantages 1. Inbreeding 2. Possible morale problems of those not promoted. 3.“Political”infighting for prom 4. Need for managementDevelopment program 1. May not select someone who fit the job or organization. 2. May cause moral problems for internal candidates not selected. 3. Longer adjusted or orientation time • External Recruiting: 1- School recruiting: summer, part-time. 2- College recruiting: jobs that needs skills. 3- Labor unions: could supply workers to employers. 4- Media sources: newspapers, magazines, TV, radio…etc. Ads should be evaluated for target market. 5- Trade and competitive sources: trade associations news letters, magazines. Direct contact to employees in other competitive companies, less training. 6- Employment agencies: profit or nonprofit agencies. 7- Executive search firms: for managerial and professional jobs, they charge up to 33% of the first year salary, 8- Internet recruiting: application online. HR reach more applicants, with less cost, and faster. External Recruiting College and University Recruiting Media Sources and Job Fairs Competitive Sources High Schools and Technical Schools External Recruiting Sources Labor Unions Employment Agencies and Search Firms Internet Job Searching Source: Based on data from Greenfield Online (www.greenfieldonline.com), as presented in The Wall Street Journal, November 27, 2000, R32. What to Include in an Effective Recruiting Ad Recruiting Evaluation • General Areas for Evaluating Recruiting – Quantity of applicants – EEO goals met – Quality of applicants • Yield ratios – A comparison of the number of applicants at one stage of the recruiting process to the number at the next stage. • Selection rate – The percentage hired from a given group of candidates Recruiting Methods • Yield ratios – A comparison of the number of applicants at one stage of the recruiting process to the number at the next stage • Selection rate – Percentage hired from a given group of candidates • Acceptance Rate – Percentage of rejected job offers • Success Base Rate – Comparing percentage rate of past applicants who were good employees to that of current employees. Using Yield Ratios to determine needed applicants Hires = 5 Offer recipients = 10 Final interviews= 15 Formal applicants = 30 Total initial contact = 100 • How to make a professional CV?