recruitment activities: job advertising, social media outreach and referrals from current employees
recruitment?
process of attracting and identifying potential job candidates who are suitable for a particular role
goal of recruitment: to create a pool of qualified candidates who can be considered for the role
selection activities: reviewing CVs and conducting interviews or assessment tasks
goal of selection: to hire the most suitable candidate for the job
recruitment costs:
refer to the expenses incurred in the process of hiring new employees
high labour turnover rates increase these costs: when employees leave, business have to spend time + money recruiting and training new employees
training costs:
refers to the expenses incurred in the process of providing training to new employees
effectiveness of training can impact costs of trainers, training materials and facilities. if training is not effective, additional trianing may be needed - increase the cost of training
selection costs:
refers to expenses incurred in process of selecting candidate for employment
these include: background checks + visa costs
high labour turnover rates can increase selection costs as business has to spend more regularly
induction training?
type of training that new employees receive when they start working for a company
what does induction training do?
introduces them to company, its culture, policies, procedures and their job roles and responsibilities
advantages of induction training:
helps new employees to understand their job roles and responsibilities
introduces employees to the company culture, policies and procedures
Improve employee confidence and motivation
reduces the time taken for new employees to become productive
disadvantages of induction training:
time-consuming + expensive
May not cover all aspects of the job roles
may not be effectiveness - employee dissatisfaction + higher turnover rates
on the job training?
type of training that takes place while employees are working in their job roles
what does on the job training do?
allows employees to learn new skills and knowledge from colleagues while preforming their job duties
advantages of on the job training:
employees learn new skills and knowledge while performing their job duties
training is tailored to the employees specific job role and responsibilities
training more practical and relevant to employee's job duties
cost-effective - take place during working hours
disadvantages of on the job training:
mistakes made while learning - impact productivity and quality
disruptive - requires trainer to devote time to train
may not be effective - employee dissatisfaction + higher turnover rates
off the job training?
type of training that takes place outside of the workplace
what does off the job training do?
form of workshops, seminars, conferences and online courses
advantages of off the job training:
employees learn new skills and knowledge outside of workplace - bring fresh ideas + perspectives
training can be tailored to employee's specific needs/interest
Training used as reward/incentive for high - performing employees
cost - effective: training online
disadvantages of off the job training:
expensive to organise
employees may miss work while attending training - impact productivity
Training may not be directly applicable to employee's job role or the nee of the firm