3.4.2 - Recruitment & selection

• what does diversification mean?

  where businesses start selling a new product in a new market
• what does productivity mean?

  amount of work produced by a person in a given time
• staff turnover

  the number of staff that leave a business (usually each yr as a %)
• business may need to find new employees due to:

  • setting up a new business
  • growth of business
  • staff turnover
  • entering new markets or diversification
• staff retention

  how long staff stay in the business
• reasons for job vacancies

  • retirement
  • promotion
  • pregnancy
  • fired
  • relocation
  • sick leave
  • better job opportunities elsewhere
  • deciding to be own boss
• what does limited pool mean?

  limited amount of people
• benefits of effective recuitment and selection

  • high levels of productivity - employing skilled workers will produce more products
  • better staff retention - less costs of recruiting replacement staff
• stages of the recuitment process:

  1. Identifying job vacancy using job analysis
  2. write a job and person specification
  3. advertise the job vacancy
  4. collect the applicants
  5. shortlist the applicants
  6. select a successful candidate
  7. appoint them the role
• what does shortlist mean?

  finalists of applicants who meet criteria for job role
• what is job analysis

  business collects info about job vacancy
• what is person specification?

  document created by a business - provides info (e.g background, skills and experience) about the type of person they want to hire
• what is a job description?

  document that details the roles and responsibilities of the vacant position (e.g job title, rate of pay, hours of work)
• what is an application form/cover letter

  series of questions an applicant answers and section for why they're suited for the job
• what is a job advertisement?

  Job posting (type of job itself, budget available)
• what is a cv (curriculum vitae)

  document that applicants complete and submit with a job application, including (skills, experience, qualifications and hobbies)
• interviews:

  meeting either face-to-face, video link or telephone between employer and applicant - questions asked to assess suitability of applicant for the job role
• psychometric tests:

  designed to measure aspects of an applicant's personality by asking a series of multiple choice questions
• assessment centres:

  applicants will be asked to complete a number of tasks such as role-play psychometric tests, interviews and practical tasks
• what is internal recuitment?

  Promoting or hiring existing employees for new positions within the same organisation.
• what is external recruitment?

  Hiring employees from outside the organisation.
• advantages of internal recuitment

  • applicants already having understanding of how business works
  • already know their co-workers
  • promoting employees to more senior roles oculd increase motivation
• disadvantages of internal recuitment

  • limited number of applicants
  • business might have to pay for training to ensure skills needed for job
• advantages of external recuitment

  • access to a broader talent pool
  • fresh perspectives
• disadvantage of external recuitment

  • Higher costs
  • longer timelines
  • potential disruptions to team dynamics
• whatis contract of employment?

  legal agreemnt between the employee and employer which sets out the terms and conditions for the job
• sections of contract of employment:

  • working hours
  • holidays
  • notice period
  • pay
  • duties
  • place of work
• different contracts of employment

  • full time
  • job share
  • part time
  • zero hour contracts
• what is full time?

  • works a full working week
  • usually 35-40 hours over five days each week
• benefits of full time:

  • likely to be more skilled and committed to long term goals
  • earn higgher wage than part-time
  • have more training opportunities than part-time
  • more likely to gain promotion as they spend more time at work
• what is part-time?

  • part itme work fewer hours than full time: 10-30 hours
  • they could help during busy periods
  • beneficial to employees - allows them to work around other commitments
• what is job share?

  when two or more employees combine to fill one job role

  • good for employees who want to work part time hours
• what is zero hour contracts?

  Flexible employment (no set or guaranteed hours of work)
• advantage of zero hour contracts:

  • gives business flexibility to meet increases in demand without having to pay staff when they're not needed
• disadvantage of zero hour contracts:

  employees will have no job security or regular income - could make them less loyal to the business