1.2-Internal Recruiting and Costs for HR

1.2-Internal Recruiting and Costs for HR - Unit 1, Lecture...

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INTERNAL RECRUITING AND RECRUITING METRICS Prof. John Kammeyer-Mueller MGT 4301 Unit 1, Lecture 2: Internal Recruiting and Recruiting Metrics
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Plan Where we are Have a broad idea of the legal environment for selection Where we want to be today Get a broad idea about recruiting options Understand some recruiting metrics How we’ll know how we’re doing What is an internal labor market and when should you try to use one? What are internal methods for recruiting employees? What is a yield ratio? What are alternative metrics for assessing the quality of recruiting methods? Unit 1, Lecture 2: Internal Recruiting and Recruiting Metrics
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Two Forms of Human Capital General human capital Ability to think logically Organizational skills Know how to audit accounts Know how to program computers Valuable to any firm Specific human capital Know company policy Know the company’s culture Relationships with external partners More valuable to the firm you’re in than to any other firm Unit 1, Lecture 2: Internal Recruiting and Recruiting Metrics
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HR Configurations: Matching HR Practices to One Another Consider two idealized types of HR practices External market Almost all external hiring, almost no training, pay only for performance, individual performance is emphasized Internal market Internal promotion, high levels of training, high pay for time-in-position, commitment is emphasized Unit 1, Lecture 2: Internal Recruiting and Recruiting Metrics
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Core or Flexible Workforce Core workforce Employees who add considerable value to the organization Perform jobs that cannot be replaced Hiring is long term and high commitment Flexible workforce Employees who perform peripheral functions that don’t address the organization’s strategic advantage Hired through external firms or on a contingency/contract basis Unit 1, Lecture 2: Internal Recruiting and Recruiting Metrics
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Growth of the Temporary Employee Labor Market Unit 1, Lecture 2: Internal Recruiting and Recruiting Metrics
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Images of the Labor Markets Unit 1, Lecture 2: Internal Recruiting and Recruiting Metrics Labor market of new  college graduates Labor market of  experienced  assistant managers Labor market of  experienced  managers Management trainee Assistant manager Head manager Team leader Assistant manager Head manager Internal labor market External labor market
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1.2-Internal Recruiting and Costs for HR - Unit 1, Lecture...

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