Sourcing:
Sourcing in recruitment refers to the identification and uncovering of candidates through proactive recruiting methodologies. Talent sourcing strategies are formulated to fit a certain industry and targeted profiles so that the best candidates from both active and passive talent pools will be found.
Having said the above, it has to be borne in mind that even though the process of sourcing is aimed at bringing in the rightful candidates from the rightful sources, but it also has to do with the image of the company and the way it promotes itself. The reason being that the candidates don’t come to work for the job, instead they come for the Company.
Sourcing Strategy:
A sourcing strategy is a long-term plan aimed at the establishment
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Strategies the companies adopt to attract the millennials:
1. Revamping the employer branding technique so as to have a bearing on the recruitment process:
Even though it may sound clichéd but the company has to work on its image branding so as to attract the right talent. The reason being that when the candidates are applying for the job, it is not the job exactly that they are going for; instead, it is the name of the recruiting firm and its goodwill.
Every year the companies spend and allocate a dedicated budget on taking care of the recruitment process but this can all be minimalised by marketing the company in a way, so as to the image of the company to the talking for itself.
It is almost evident now by the pace of it that the millennials as a generation are the most socially aware and thus most information-seeking generation yet. Considering how they yearn for and consume information, the key lies in differentiating the company brand from the role they are hiring for.
Such a step would definitely, help the company in cutting down their costs and most certainly it will have a strong bearing on the recruitment
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And the individuals, who are looking to join the company/firm etc. with substantial growth and learning in mind, definitely would want to choose a company which is synonymous with these terms.
4. Find out where the millennials hang out?
This is an extremely important question which must be addressed first and foremost, given the agility and affinity the millennials have towards the internet.
In order to make use of the available platforms righty it is a must that we know what these platforms or channels and the ultimate use thereof. It is these channels that can tell a lot about the candidates and the way think and act.
Therefore, the sourcing efforts can be channelled this way, but for that one needs to have an absolute know how of the available channels to strike gold.
With the power to use web services on the go and the smart phones technology, the user interface has increased incredibly making the millennials way advanced than their predecessors. Reddit is one such forum with a large user data base, which goes on to the prove this fact beyond doubt. The other examples of the same could be Quora, Amazon reviews and feedbacks or Glassdoor to name a
According to Professor Jeffrey Bosworth, in his editorial “Hunting for Hope in Modern America,” he discusses the “screwed” millennial generation and the potential they have to be successful, despite current existing United States problems. Bosworth explains this from three different perspectives: the current issues in America, the positive attributes of the millennial generation, and what the millennial generation should do to succeed. In Bosworth’s opening proposition he elucidates the “[millennial] generation is screwed”. He expounds the millennial generation is predicted to “do worse than the previous generation”.
The study found Gen Y are tech savvy but not great team player, Gen X are entrepreneurial thinking but rank low on executive presence and boomers are team player and loyal but do not adapt so well (Giang, 2013). 78% of the responders agree member of Gen Y are believed to be the most tech savvy who know how to utilize social media to leverage opportunities. 68% of the responders agree that this young workers are most “enthusiastic” about their job. In contrast, Gen Y scored lowest on being team player, hardworking, and productive part of an organization. More Gen Y were interested in how to get a promotion compared to Gen X or Baby Boomers (Giang, 2013).
Companies will also need to anticipate and assess which new skills and training older employees will require, particularly in the realm of technology where they may feel less comfortable than many of their younger colleagues. The federal workforce is building toward a potential retirement wave in coming years, with more than a third of career federal employees projected to be eligible for collecting their end-of-career benefits by September 2017, compared to just 14 percent at the same time in 2012. The dynamic of this workforce is the wealth of knowledge, skills, abilities, and experience that will be walking out the door never to return. Millennials will make up 50 percent of the U.S. workforce by 2020 and 75 percent of the global workforce by 2030. At issue is how to attract and retain
Our society is changing every day. Think back fifty years ago. Our parents and grandparents had to communicate are such different ways than we do today. They also got their information in a more simple, direct manner. Our generation expects to get the news that is important to them through apps like Twitter and Facebook rather than the morning news.
Researchers have found that an overwhelming amount of young people have an online presence. In society today, technology is becoming more and more accessible no matter what age. In Fahrenheit 451 by Ray Bradbury and “Taking Multitasking to Task” by Mark Harris, both authors portray the idea of technology ruling the lives of generations to come. Harris’s opinion on technology taking over is correct because more and more people at younger and younger ages are dependent upon it.
Employee referral scheme: Strengths: • Employers’ pool of higher quality candidates increases • Can replace more expensive channels such as newspapers and agencies. • Useful in filling highly specialized positions Weaknesses: • Overreliance can lead to sentiments of discrimination among rejected candidates. • Can cause discontentment in an employee if the referral is not accepted 2. Recruitment agencies: These are external organizations, which the HR might look for help in hiring e.g. job centers, recruitment consultants, headhunters etc.
The company uses promotions, transfers, and trainees/interns as the main internal recruitment sources for HR needs. On the other hand, the external recruitment sources at Google include educational institutions and respondents to job advertisements. Most of these ads are available through the Careers section of Google’s website. Through these recruitment sources, the company facilitates a continuous influx of qualified workers, while matching these employees’ capabilities with human resource needs. 1.2.
Implementing training programs where all generations can learn about each other’s differences can help employees understand how and why each generation works. Workshops in which multigenerational workforces can share work experience and mentor each other can assist in creating a sense of community and a supportive environment where employees can be open and share their ideas an collaborate with each other in order to better their organization. Millennials are perceived as being disloyal and quick to search for new employment when they unhappy in their work environments, but due to starting their careers during times of recession, Millennials try to maintain their roles in the workplace to remain financially stable. The main reason for turnover among Millennials is a result of exclusion, slow growth within the workplace, and limited development opportunities. Finding gratification and meaning to their work is important to Millennials so that they can excel and be productive in the workplace that is supportive of their work.
This would attract a pool of workers of the highest caliber, thus leading to more value induced into the company. # Successful communication of perceived strengths of the product: Integrated marketing strategy- This has
Some people argue that Millennials are entitled, self-centred, and uninterested in anything other than their own Facebook and Twitter page. This generation has been known to have high self-esteem, assertiveness, self-importance, narcissism, and high expectations. Having a higher self-esteem comes with many positive outcomes and benefits. People high in self-esteem claim to be more likable, attractive and make better impressions on others in a working environment than other people with low self-esteem. Millennials with greater self-importance are the ones who help others and care about large social
THEORETICAL BACKGROUND OF THE STUDY: 3.1 RECRUITMENT & SELECTION Recruitment and selection is one of the most important management functions. The whole process represents a significant investment in both financial and other resources. Recruitment and selection are two of the most important functions of personnel management. Recruitment procedure selection and helps in selecting a right candidate.
Organisation also have to make a decision as to whether it is better to recruit internally or externally, and both come with advantages and disadvantages. There are also legal consideration to take into account when associated with recruitment and selection process which is imperative that an organisation sticks to (Aylott, 2014) Recruitment and selection bests practices The first few steps in recruitment should be fairly straightforward. It is important for the organisations HR department to know how many position within the company are free, and what necessary skills and abilities are needed
With the company’s culture in mind and want for success, they will select the best candidates to fill these positions. Companies that promote within instead of through external sources also builds long-term growth and satisfaction. It also reduces recruiting and training costs. An organization could use bulletin boards in break rooms, intranet sites, and by electronically notifying them (Snell, Morris, & Bohlander, 17). Maersk decided that they would recruit from the inside, this does save money and time.
Gen Y sees this type of communication as effective and efficient, while the older generation sees this as lazy and potentially harmful to business. B. How do we bridge the gap between the generations in the workplace? Each generation has a unique set of strengths and weaknesses and it is the managers’ jobs to identify those points and find ways to get the most out of their employees. First of all understanding the generational differences of all employees and making a list of which employee falls under which generation.
The research noted that recruitment procedures that provide a large pool of qualified applicants, paired with a