2021 Module 4 Expanding The Talent Pool Recruitment
2021 Module 4 Expanding The Talent Pool Recruitment
Module 4
EXPANDING THE TALENT POOL:
RECRUITMENT
Learning Outcomes
After studying this chapter, you should be able to:
1. Describe how a firm’s strategy affects its recruiting efforts.
2. Outline the methods by which firms recruit internally and
recruit externally.
3. Explain the techniques organizations can use to improve their
recruiting efforts.
4. Explain how career management programs integrate the needs
of individual employees and their organizations.
5. Explain why diverse recruitment and career development
activities are important to companies.
I. Strategic Aspects of Recruiting
• Decisions about talent — regardless
of whether they pertain to
recruiting, transferring, promoting,
developing, or deploying people—
need to be considered within the
context of a business’s strategies
and priorities.
I. Strategic Aspects of Recruiting
• The broad factors that can affect a firm’s
recruiting strategy include a firm’s:
• Recruiting abilities,
• whether to recruit externally versus internally,
• the labor market for the types of positions it is
recruiting for, including global labor markets,
and
• the strength of a firm’s employment “brand.”
Responsible for Recruiting
• HR recruiters or generalist (large
firms)
• Managers and/or Supervisors
(smaller firms)
• Work Teams, or
• Recruiting Process Outsourcing (RPO)
• The practice of outsourcing an
organization’s
• recruiting function to an outside firm
Labor Markets
• Labor Market
• Area from which applicants are to be recruited.
• Tight market: high employment, few available
workers
• Loose market: low employment, many available
workers
6. Review applications
7. Phone Interview/Initial Screening
8. Interviews
9. Applicant Assessment
10. Background Check
15 Essential Steps of the Hiring Process
11. Decision
12. Reference Check
13. Job offer
14. Hiring
15. Onboarding
Types of Recruiting
• Internal Recruiting: internal recruiting involves filling
vacancies with existing employees from within an
organization.
• Retained Recruiting: When organization hire a recruiting
firm, there are several ways to do so; retained recruiting is a
common one. When an organization retains a recruiting firm
to fill a vacancy, they pay an upfront fee to fill the position.
The firm is responsible for finding candidates until the
position is filled. The organization also agrees to work
exclusively with the firm. Companies cannot, in other words,
hire multiple recruiting firms to fill the same position.
Types of Recruiting
• Contingency Recruiting: like retained recruiting, contingency
recruiting requires an outside firm. Unlike retained recruiting,
there is no upfront fee with contingency. Instead, the
recruitment company receives payment only when the clients
they represent are hired by an organization.
• https://www.thebalancecareers.com/recruitment-and-hiring-process-2062875
• https://pmrpressrelease.com/labor-market-overview-components-and-analysis-forecast-2026/
• https://www.smartrecruiters.com/resources/glossary/recruitment/
• https://www.smartrecruiters.com/resources/glossary/hiring-process-steps/
• https://responsewebrecruitment.co.uk/online-recruitment-blog/internal-vs-external-recruitment
/
• https://www.extensisgroup.com/blog/recruiting-strategy-5-proven-methods-to-enhance-your-pr
ocess
• https://hr.ucmerced.edu/training/careermanagement
• https://www.smartrecruiters.com/resources/glossary/talent-pool/
Discussion Questions: Short Answer
1. Sometimes firms do not post internal openings for which anyone may apply.
Instead, they select someone to promote. Why might a firm do this and what
drawbacks could result?
2. If you were a small business owner, how would you go about attracting top
external candidates to your firm?
3. If you’re employed, ask your boss what methods he or she has most
successfully used to recruit employees. Compare your findings with your
classmates. Does the recruiting source seem to depend upon the type of job?
4. Why should both employees and their employers be concerned about career
management programs?
5. How are the career challenges of minorities both similar to and different from
those of women in your opinion?