Recruitment Process Importance

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What is the primary purpose of the recruitment process?

To identify and attract qualified candidates

Why does hiring the wrong person for a job pose a significant cost to organizations?

It leads to a loss of time and momentum

What is considered one of the assets that add value to a company, according to the text?

Human resources

During recruitment, what is an organization trying to do with respect to job applicants?

To assess and attract the best job applicants

What is meant by 'the recruitment funnel'?

A way to decrease the number of participants as they progress through recruitment stages

What is a potential consequence of a bad hire according to the text?

Unhappy customers and lost business

What is a realistic job preview (RJP)?

Offers potential applicants a realistic, and sometimes unappealing, view of the actual job

What is an example of internal recruitment method?

Supervisory Recommendation

What is the process of looking inside the organization for existing qualified employees who might be promoted to higher-level positions?

Internal Recruitment

What is an external recruitment method that relies on current employees referring friends, family, or neighbors for available positions?

Word of Mouth Recruiting/Marketing (Employee Referral)

Which type of agency charges a fee for its services and is likely to serve the white-collar labor market?

Private Employment Agencies

What happens during a 'dry promotion'?

'Dry promotion' refers to promoting employees without a salary increase

Learn the significance of the recruitment process in organizations and why hiring the right employees is crucial for success. Understand how recruitment helps in attracting qualified candidates for organizational roles.

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