Costs of Recruitment and Training

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Questions and Answers

What is a significant advantage of on-the-job training?

Trainees can immediately practice what they learn. (correct)

New employees can work without supervision.

It allows for learning new skills in a classroom environment.

It is more expensive than off-the-job training.

What is a potential disadvantage of using on-the-job training?

Workers may develop new skills through observation.

It may lead to increased efficiency for the new employee.

Training may take time away from productive work. (correct)

It is less relevant to the job being performed.

Which of the following is a risk associated with on-the-job training?

Trainees receive completely theoretical knowledge.

It requires a highly structured curriculum.

Bad habits from experienced workers may be transmitted. (correct)

All workers are always subject to external standards.

Why might a company prefer on-the-job training over off-the-job training?

It often incurs lower costs. Signup and view all the answers

What challenge might a new employee face during on-the-job training?

Concerns about asking for help can inhibit learning. Signup and view all the answers

What is a primary concern regarding high recruitment costs for a business?

It can make the business less competitive. Signup and view all the answers

Which of the following accurately reflects the purpose of induction training?

To familiarize new employees with the workplace and company culture. Signup and view all the answers

What is one of the main disadvantages of induction training?

It can cause information overload for new employees. Signup and view all the answers

How much can it cost a business to recruit a full-time permanent employee through an agency?

Around £2,000. Signup and view all the answers

What is a key component of effective induction training?

Integrating employees into the company culture. Signup and view all the answers

In on-the-job training, who typically provides assistance to less experienced employees?

More experienced colleagues or mentors. Signup and view all the answers

Which type of training involves learning about company policies and health & safety?

Induction training. Signup and view all the answers

What is the primary goal of the onboarding process during induction training?

To inspire new employees and integrate them into the organization. Signup and view all the answers

Study Notes

Costs of Recruitment, Selection, and Training

Recruitment of new employees can be expensive for businesses.
This adds to business costs, potentially making the business less competitive.
The ideal is to find the cheapest method to attract the largest pool of candidates for a vacancy.

Recruitment Costs - Advertising

Recruiting new employees can be expensive.
This adds to business costs, impacting competitiveness.
Finding the cheapest way to attract a large pool of candidates for a vacancy is the goal.

Recruitment Costs - Agency Fees

Smaller or one-person HR departments may use recruitment agencies.
Agencies can advertise job vacancies and manage recruitment.
Employing permanent staff through an agency is relatively expensive—potentially costing £2,000 for one employee.
Recruitment agencies may specialize in specific areas like teachers, IT staff, or HGV drivers.

Types of Training

Induction training is critical when a new employee joins a company.
Induction training covers important skills like using fire extinguishers, familiarization with the building, and introductions to other employees.
The content of induction training varies based on the specific job and company.

Induction Training

Induction training is given to new employees to familiarize them with the company environment.
This helps new employees to: be familiar with the workplace; be able to perform their job; feel part of the organization; and quickly become productive for the business.
Induction training includes company policies, health and safety, introductions to colleagues, and job-specific training.

Induction Training Pros and Cons

Advantages:*
Employees clarify their commitment during the first week of employment.
Induction training motivates employees and helps them become part of the company culture.
Good induction training reduces employee turnover.
Disadvantages:*
Too much information during induction can overwhelm employees.

On-the-Job Training

On-the-job training happens while the employee is working.
Experienced employees mentor or coach inexperienced workers.
On-the-job training may include shadowing an experienced employee or learning to operate a specific machine
Employees can use company software after instruction.

On-the-Job Training Pros and Cons

Advantages:*
Specific training needed for the job role.
On-the-job training is generally less expensive than off-the-job training.
Employees can immediately apply new skills.
Skills are relevant to the job at hand.
Disadvantages:*
Training takes time away from job duties, decreasing productivity.
Employees may not learn quickly, requiring additional time and support.
A poor trainer might pass on bad habits to the trainee.
If poorly trained, workers may cause costly errors or workplace accidents.

Off-the-Job Training

Training occurs away from the workplace.
Occurs in training centers or classrooms, through lectures or demonstrations.
Training can cover specific topics like general ICT or machinery, often with focused health and safety precautions.

Off-the-Job Training Pros and Cons

Advantages:*
Dedicated training environment lessens distractions.
Employee motivation increases, as training is seen as an investment by the company.
Training sessions are not interrupted by work duties and tasks.
Trainees can focus entirely on the lesson and increase their specialist skills.
Disadvantages:*
Off-the-job training is often more expensive than on-the-job training.
Employees are out of production during the training duration.
Connections between the training and the workplace might not always be clear for employees.

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Description

Explore the financial aspects of recruitment, selection, and training in businesses. This quiz covers various costs, including advertising and agency fees, while discussing the importance of finding cost-effective strategies for attracting candidates. Understand the impact of these costs on business competitiveness.