Since most organizations are faced with the need to hire all throughout the financial year, recruiting can literally make or break businesses. It costs money to find employees, screen them, recruit them, keep them on payroll and offer them company benefits (Costello, 2006). If organizations find the wrong match for the position, there are additional expenses incurred in the form of sunk compensation and repeating the hiring process. In reality, organizations recruit will influence who they attract as applicants, which results in either a good hire or a bad hire. Therefore, what the organization is looking for in applicants should be largely influenced by where and how the organization recruits (Sparrow, 1999). For instance, for the objective of screening candidates for internships or any other form of entry level role, the organization may try out a campus outreach program, a product innovation hackathon (in the instance of a tech company), or set up booths at tech and design job fa...
According to Korsten (2003), Human Resource Management theories described on techniques of recruitment and selection and the benefits of interviews, assessment and psychometric examinations as employee selection process. They further stated that recruitment process is considered of two types which are internal and external recruitments. Typically, the two types are based on the levels of recruitment policies, job postings and details, advertising, job application and interviewing process, assessment, decision making, formal selection and training (Korsten 2003). 1. Internal Recruitment Internal recruitment has been observed to improve inbound employee satisfaction, boost the morale of existing employees and is a relatively cost-efficient process (Armstrong 2000). This involves spending time recruiting by promoting current employments within the organization prior to looking outside for talent. Internal referrals reduce the possibility of disappointme...