RECRUITMENT

CHITVAN BHARDWAJ B.Tech Biotech BTB/10/003 8th SEM

What is Recruitment?
Recruitment is the process of finding and hiring suitable candidates ( from within internal or external of an organization ) to fill the positions. The process involves searching, sourcing and selecting right candidates for the roles to the organization.

What are the different sources of recruitment?

Internal Sources
This involves recruiting candidates within an organization to fill the vacancy.

External Sources
This involves recruiting a candidate through references, networks, job portals or they may approach recruitment agencies. In order to compete with other companies & increase their standard, employers hunt for best talents working for other top companies.

Methods of Internal Recruitment

1.Internal Advertisements ( emails, newsletters, forms ) 2.Word of Mouth 3.Promotions 4.Internal Employee Referrals 5.Retired Employees for temporary or contract positions. 6.Present temporary/contract employees to permanent positions 7.Former employees for part time/freelancer/work at home.

Methods of External Recruitment

1.Job Portals 2.Internal and External Employee Referrals 3.Recruitment/Headhunting agencies 4.Job ads on Newspapers/Websites

5.Campus Recruitment
6.Walk In

ADVANTAGES
EXTERNAL
1.Create new opportunities for external employees. 2.Best candidates can be placed for the roles 3.Cost of employees can be minimized 4.Increase in the selection ratio. 5.There are less chances of partiality 6.Uniqueness in employees worked for different companies can take the current company to extra mile 7.Able to recruit the skills it needs.

INTERNAL
1.No cost and less time consuming
2.No need of training 3.Builds strong relationship with employees. 4.Motivates others of hard work to get high positions. 5.Easy to pick best talents within an organization very quickly 6.Long stay with the company when promoted to high position

DISADVANTAGES
EXTERNAL
1.Cost to hire is high. 2.External process is more time consuming as compared to internal process. 3.Sourcing quality candidates becomes difficult for the companies. 4.Internal recruiters lack headhunting skills ( Less references & networks ). They may have to approach Recruitment agencies to hire the people

INTERNAL
1.The positions of the persons who is promoted will be vacant. 2.There may be partiality in promoting employees. 3.No new opportunities for external candidates. 4.Dissatisfied employees may quit if his co-worker is promoted to high positions

With lot of competitors and rapid change in technology, companies look for candidates working in similar domain of different skills and uniqueness to build their business. Employees within a company lack modern technology process that cannot compete with other companies, can bring the company to low level. Unlike Internal employees, external passive candidates can bring lot of changes to the companies with innovative ideas and creative skills to improve business standard. As technology moves to advanced level, customers begin to use latest technologies. In order to compete with other companies, external employees with latest skills and thorough knowledge on business economy and competitive place are responsible for better business growth. When internal employees fail to do so, employers go for searching external candidates with rich source of latest skills to fill the positions. These external candidates are not so easily available on job boards. They are happy working in current organization and do not look for a career change. Contacting with these successful candidates requires a great sensitivity to convince them to take up the new opportunities. These hidden talents can be found only through references and wide network. When internal recruiters of the organization fail to recruit such candidates, they go for headhunting agencies. Thus, to hire quality candidates external recruitment becomes necessary for companies.