Management Exam 383

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Review for Exam 2 – Mgmt 383 Chapter 6 What is recruiting? The process of generating a pool of qualified applicants for organizational jobs Recruitment and selection process Job Analysis,Workforce Planning, Recruitment, Initial Screening, Selection, Orientation, Placement, Training, Performance Appraisal What is a labor market and what are the components of a labor market? External supply pool from which employers attract employees Components: Labor Force Population-All applicants available for selection if all recruiting methods are used; Applicant Population-Subset of the labor force population available for selection using a particular recruiting method; Applicant Pool-All people who are actually evaluated for selection; Individuals Selected Tight vs. loose labor market-Applicant pools affected by labor surpluses and shortages Labor market classifications: Geographic; Global; Industry/Occupational; Educational/Technical Internal vs. external recruiting – Advantages and disadvantages Internal Recruiting-Filling a position with someone in the company(Internal Recruiting Databases, Job Postings, Employee Referrals, Former employees) Internal Advantages vs. Disadvantages: Motivation vs. Conflict, Politics, and Adverse reactions Performance History vs. Limited Pool Reduced recruiting costs vs. Fewer choices Succession plan vs. Limited diversity Homogeneous employees vs. Homogeneous employees Orientation & Training vs. New KSAs Increased need for management development programs External Recruiting-Filling a position with someone outside of the company (Media sources, Trade associations, Employment agencies, Labor Unions, Job Fairs, Educational Institutions) External Advantages New perspectives, enhanced creativity Instant qualifications (faster than training) Industry insights, rather than firm

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