When a position is created or becomes vacant, a firm needs to find people whose qualifications match the job. This lesson explains where firms look for applicants and how they attract people to apply.
Firms recruit from two main sources: the internal labor market and the external labor market.
Choosing between these sources depends on the job, the qualifications needed, and whether suitable employees or applicants are available.
All flashcards
What is the internal labor market?
It is the group of people currently employed by a firm who may be considered for open positions.
What is recruitment?
Recruitment is the process of attracting qualified people to form an applicant pool.
How can an HRIS support internal recruitment?
It can store employee information that helps a firm identify people who may be qualified and interested in an opening.
What is a realistic job preview?
It gives candidates information about actual features of a job and the firm.
What is recruitment branding?
It is presenting an accurate and positive image of a firm to potential recruits.
Quiz questions
How can applicant-tracking software help a firm reviewing many online applications?Answer: It organizes applications and can use keywords to identify potentially relevant matches.
Which external recruiting method is especially suited to finding graduating engineers or accountants?Answer: College recruiting through campus events and interviews.
What is an important feature of voluntary professional networking?Answer: Members choose to participate and consent to being networked.
What is a main purpose of a realistic job preview?Answer: It helps candidates evaluate the job and the firm's expectations accurately.
What does recruitment branding communicate to potential applicants?Answer: An accurate and positive image of the organization.
Based on Introduction to Business 2e by Lawrence J. Gitman, Carl McDaniel, Amit Shah, Monique Reece, Linda Koffel, Bethann Talsma, James C. Hyatt (OpenStax), licensed CC BY 4.0. Adapted into a summary, flashcards and quizzes.