1.1 Recruitment and selection
Recruitment and selection involves making predictions about future behavior so that decisions can be made about who will be most suitable for a particular job. Predictions must always be couched in terms of probabilities because the future is unpredictable(Newell, 2005). Because recruitment and selection is the core activity of the Human resource management, many human resources practitioners spend a great deal of their time engaged in this activities for organizations. Recruitment and selections has been considered as a process for matching the individuals to the job. Although the recruitment and selection has been viewed as the key accept for many HR practitioners, their activities are affected by the organizations’
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Recruiting individuals for a particular job can be done internally within the organization or externally recruiting the people from the outside. Using the internal recruitment, it can help the firm to reduce the cost of recruitment obviously. When the organization using internal recruitment , it also can be internal promotion acts for all staff that motivate employees to work harder. Employing an outsider will take more risk than an insider, because the strengths and weaknesses of an insider have been already known by the human resource managers. However, there are also some disadvantages of internal recruitment. Sometimes promoting an employee in the firm may upset someone else.
For external recruitment, it is possible to select talent and best-qualities individuals from a wider range, and it can bring new ideas and opportunities to the business. And there is always a risk that the new employee from outside could only be a success”on
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2005).
Banking is emerging as one of the most progressive and important career choices among public, especially for students. Therefore, selection in bank sector becomes more vital and essential, which is always focus on finding a right person to a right position for the job. Several criteria are considered necessarily in personnel selection. For example, One’s education background, past performance or experience and personal characteristics. All those criterial will be tested though the written examination and interview.
Since employers need to make a choice between candidates, the most accepted method used to make this selection decision is the interview. However, increasingly companies are recognizing the emphasis of selection decisions and are implementing other methods which can develop the efficiency of the process, even through there are still constant concerns expressed in the literature about the remained use of traditional interview methods. In assessing which methods are efficient, three basic criteria are typically applied, at least when seen from the traditional, psychometric perspective. These are validity, reliability and
It is not known if the FTZ will be a replacement for Hong Kong or Singapore? This will have to be assessed, especially as the current disagreement between UK and PRC regarding Hong Kong and its proposed governmental legislation, this may be seen as preparing the way ahead for this region and removing Hong Kong as a financial hub? 8.6 CHALLENGE 4 - SKILLS SHORTAGE There is a skills shortage within the PRC banking sector, a problem for is a lack of key talent at the local level, many are recruiting externally but this then causes the problem of increasing salaries, (PWC, 2012). As the financial sector in PRC grows, there will be a high demand for skilled personnel, this will place increased burden on salaries and benefits as local PRC banks seek to retain staff. At a managerial level there are perceived skills shortages in the areas
The references used in this study will be used to build knowledge on the subject, and to identify
HR Practices of Primark Primark is clothing retailer from Ireland which has operations in Austria, Belgium, France, Germany, Ireland, Portugal, Spain, Netherlands, United Kingdom and soon the United States. The company was founded and has its headquarters in Dublin, Ireland. It has around 51,250 employees worldwide as per the latest estimates. HR Management in the 21st Century: Challenges for the Future Recruitment and development: One of the most important challenges facing global organizations in the 21st century is building the ability to attract, recruit and retain the best talents amidst huge competition with competing organizations. In order to do so the company must create an environment where everybody enjoys working and using their
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.
INTRODUCTION Human resource management is the strategic approach to the management of an organization 's most valued assets - the people working there who individually and collectively contribute to the achievement of the goals of the business (Armstrong, M., 2006). In other words, human resource management is a to work with employees, and for the employees, to help them solve their problems. Therefore, human resource is a complicate department, as they deal with people who already work there, they also deal with several issues which happen among new employees, such as recruitment, selection and so on. Nowadays, employee retention becomes one of the most significant issue in the organizations, and managers are aiming to find the best employees
Selection methods deal with the candidate’s applications and resumes, interviews, reference checks, background checks, cognitive ability tests, performance tests, and integrity tests (Bateman & Snell, 2013, pp. 185-187). Throughout the selection process on the video, there were two applicants that were interviewed: Jacqueline and Sonya. The three key components that Robert was looking for was business experience, education, and personality qualities.
The Position Analysis Questionnaire (PAQ) is a technique that is essential for analyzing various jobs. It is helpful with assisting future employees by providing the responsibilities of a given job, as well as the qualities required to do the job (Baker, 2018). The PAQ is broken down into six main categories that sum up a total of 187 job elements. Although each job may require different tasks, the PAQ is structured in a way that it’s able to identify the characteristics that each job typically holds. Due to the PAQ being one of the most widely used job analysis instruments, it has been successful with evaluating the skills of an applicant.
In order to serve this purpose, the following research questions are
2.0 SITUATION ANALYSIS Below are Malaysian banking industry’s external environment assessment using Porter’s 5 Forces Analysis. For the purpose of this assessment, 3 top-in-the-league existing domestic banking groups in terms of asset size have been chosen i.e. Maybank, CIMB, and PublicBank. All 8 domestic banking groups have operations in all the 3 segments of banking businesses namely Commercial, Islamic, and Investment bank. Upon analyzing and assessing their immediate surroundings, the banking groups recognize the following important factors that would impact on their competitiveness. THREAT OF RIVALRY AMONG EXISTING BANKS • Too many players in the industry; Each banking group has to contend with 7 other domestic banking groups and 30 other banking intermediaries both local and foreign, comprising 19 Commercial, 8 Islamic, and 3 Investment banks.
'A psychological test is any procedure on the basis of which inferences are made concerning a person 's capacity, propensity or liability to act, react, experience, or to structure or order thought or behaviour in particular ways ' (The British Psychological Society). The psychometric tests which companies make use of when selecting among job applicants have the potential to provide us with information about the kind of skills which employers are really looking for and they do provide additional information to that available in skill surveys. Psychometric tests are most likely to be used for managerial and graduate vacancies, and are seldom used for manual vacancies. The costs of these tests are substantial. This implies that
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
SP18 MGMT3341.02/03 - Human Resource Planning, Staffing, & Selection Team #6 - Heather Fralish, Craig Gil, Emerald Kormah, Jennifer Restivo, Bianca Tolentino Team Exercise: Chapter 2, Case Study (page 44-45) Integrating McDonald’s Business, Human Resource, and Staffing Strategies This week, we were asked to take a closer look into the business of McDonald’s and to discuss the importance of people to the organization. As we all know, all businesses thrive on one main person: their consumers. Without them, no business could be successful! But in order for the consumers to be happy, a business thus begins with another person: their workers.
Which means organization will get new ideas from new candidates and must be wide benefits. External candidate comes from outside the business, so that candidate or in organizations they don 't have any favourite. Besides that, as external recruitment has wide range and its cover a wide area 's job demand, so management of the organisations can verify and can decide on which suites best. External recruitment candidates should be more dynamic with workforce. Candidates to keep their place and position safe they will work with more passion.