Cost of Recruitment and Training PDF

Costs of recruitment, selection and training Recruitment costs - advertising The recruitment of new employees can work out quite expensive for a business This will add to the business costs which can mean that the business is less competitive The ideal is to find the cheapest wa...

Costs of recruitment, selection and training Recruitment costs - advertising The recruitment of new employees can work out quite expensive for a business This will add to the business costs which can mean that the business is less competitive The ideal is to find the cheapest way of attracting the largest pool of candidates to a vacancy Recruitment costs – agency fees If the human resources department is small or the business does not have one at all – perhaps it’s just one person, they may decide to use an agency instead. A business may decide to use agency staff or an agency to advertise their job vacancy for them For example – A full time permanent employee can cost as much as £2,000 to recruit from an agency Agencies can specialise e.g. supply teachers for schools, IT staff, HGV drivers Types of training Induction Induction training happens when an employee starts working for a new business It may involve training on how to use fire extinguishers, or shown round the building, or introduced to colleagues What is involved in the training will vary depending on the business and the job role Induction training New workers are given training to ensure they are: Familiar with the workplace Able to do their job Feel part of the organisation Quickly become productive for the business Induction training includes: Company policies, health & safety, introduction to colleagues & job specific training Induction training pros and cons Disadvantages Induction training can cause information Advantages overload for an employee Many employees make their trying to find their feet in mind up if they are staying – the a new organisation first week of employment Induction training will help to inspire the employees and integrate them with the company culture – called “onboarding” Good induction training will help reduce the numbers of employees that leave – thus increasing retention numbers On-the-job training Coaching or mentoring while doing the job Assistance and advice is provided by those more experienced to those less experienced May include work shadowing or learning to use a specific machine Employees may be shown how to use the company IT software On-the-job training pros Disadvantages and cons Taking time away from employees’ job for them to be trained Reduces efficiency of both the person giving the training and new employee Advantages Some workers have bad habits they could pass  Specific training needed for the on to the trainee The new worker may not pick up the skills job (a full time trainer may not straight away, may be worries about asking for know all jobs methods to an up help to date standard) Workers which are badly trained may make  Less expensive than off-the-job expensive mistakes or be a safety hazard training  Learning can be put in to practise immediately  Trainees can see relevance to job more clearly when skills are taught in the workplace Off-the-job training Involves work at home or courses at company training centres/colleges. Learning through demonstrations talks, and lectures. May also be practical courses to learn general ICT or machinery that needs lots of Health and Safety precautions with trainees Off-the-job training Disadvantages pros and cons More expensive than on-the-job training Employees may fail to see link Advantages between training and workplace More focused environment with Employees are taken away from less distractions production so the business loses Increases a workers motivation as their productivity for that day they feel valued by the company to have money spent on their improvement Less stressful compared with on the job (don't have to learn skills and do tasks as going along) Individuals teaching the courses are trained to train More chance to gather specialist skills