ch5hrm.pptx - Chapter 5 Expanding the Talent Pool Recruitment and Careers 1 Three Key Factors Knowledge of the Human Resource Environment Knowledge of

ch5hrm.pptx - Chapter 5 Expanding the Talent Pool...

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1Chapter 5Expanding the Talent Pool: Recruitment and Careers
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2Three Key FactorsKnowledge of the Human Resource EnvironmentKnowledge of the Present Corporate Human ResourcesKnowledge of the Present and Future Objectives of Corporate Planning
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3Human Resource PlanningProcess of anticipating and making provision for the movement of people into, within, and out of an organization
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4Basic Human ResourcePlanning ObjectivesThe optimum utilization of currently employed human resources.The provision of future human resource needs in the areas of skills and numbers.
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5Basic Human Resource Planning ObjectivesThe right numberof employeeswith the right levelof talent and skillsin the right jobsat the right timeperforming the right activitiesto achieve the right objectivesto fulfill the corporate vision.
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6Recruitment OptionsInternalExternal
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7Internal Recruitingrecruitment costsmotivation track record on present employees employees fulfill their career development goals Advantages
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8Internal RecruitingLimitationsemployees lack the skills or abilities managers seek new ideas employers wish to avoid inbreeding
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9External RecruitmentAdvantagesnew employees bring new ideas the talent pool is usually larger and more diverse less expensive than training
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10External RecruitmentLimitationsmore difficult, expensive, and takes longer training and orientation time recruiting may cause dissatisfaction and morale problems
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11Labor MarketThe area from whichapplicants are to be recruited
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