Identify recent key themes relating to recruitment and selection Essay

Identify recent key themes relating to recruitment and selection. Critically discuss the way in which recruitment strategies and - Essay Example Hiring the wrong person for the job can be costly for the organisation due to which it is essential that the right individual must be recruited and selected for the right job (Leopold, Harris, & Watson, 2005). Recruitment and selection is a vital process of human resource management as it attract individuals to work for the organisation based on qualification to achieve the height of success (Walker, 2009). Thus recruitment is a process to identify the potential candidate from internal and external sources for the right job and at the right time. On the other hand, selection is a process to identify the ideal candidate for the job that will be allowed to work for the organisation in order to achieve the goals and objectives. In simpler words, selection could be said as the process to make decision to â€Å"hire† or â€Å"no hire† regarding the candidates recruited for the job. Both the processes vary from country to country and from job to job. Both these processes are used by organisations to increase the odds of hiring the potential candidate for the right job at the right time to be successful at what they do (Walker, 2009). Recruitment and Selection Strategies In order to gain a competitive edge over the others in the market, organisation relies heavily on the recruitment and selection strategies that could identify and attract the best qualified candidate for the job. ... Organisation can either recruit or select potential applicants from internal or external source which is entirely based on the level of job that needs to be done. For a senior level job, organisation tends to recruit and select employees from internal sources; succession management, and for operational and technical jobs preference is given to external sources (Pilbeam & Corbridge, 2006). The process of recruitment and selection is equally important for organisations as this process helps the organisation to attain and attract qualified personnel through strategies. Getting the right person at the right place and at the right time is essential in recruiting and selection process of an organisation. Recruitment and selection strategies act side by side in order to provide the organisation with the best available personnel to work for the accomplishment of goals and objectives (Redman & Wilkinson, 2006). The recruitment process provides the organisation with a variety of talent pool ba sed on the decision to fill an existing vacancy within an organisation. The first strategy in the recruitment process is the identification of requirement for the job and fitting the job in the organisation. According to Legge (2005) the effectiveness of recruitment and selection strategy could be seen through the reduction in turnover rate and motivation of employees. The focus of recruitment and selection strategies is to match the capabilities and skills of candidates against the requirements and demands for the job (Marchington, M. & Wilkinson, 2008). An organisation can recruit and select professional as well as non-management candidate through different recruitment strategies (Salaman, Storey, & Billsbury, 2005). These strategies include; The use of internet for

Development 1 Essay Example | Topics and Well Written Essays - 1500 words

Development 1 - Essay Example 1 Balanced growth (1953) The theory of balanced growth was proposed by Ragnar Nurkse in 1953. This theory was framed on the fact that newly independent economies could not achieve faster economic development due to the rapidity in basic commodity exports. The imported industrial commodities were the only alternatives which could have expanded the destroyed economies. In other words, the balanced growth or simultaneous enlargement of all industries was the most appropriate way to stimulate the economic growth of underdeveloped economies. At the same time, this type of growth necessitated the accumulation of large resources at one time. According to Nurkse (1953), â€Å"poor developing economies were characterized by a large surplus of labour employed at zero marginal cost in the traditional sector† (cited in Hayami, Hayami and Godo, 135). Nurkse’s model failed to provide adequate alternatives for the development of newly independent economies. Take-off into sustained gro wth (1956) Rostow (1956) defines Take-off into sustained growth model as, â€Å"the interval during which the rate of investment increases in such a way that real output per capita rises† (cited in Crouzet, 153). He also proposes certain conditions for the application of this theory. Rostow says that the proportion of net investment to national income must rise from 5% to 10% in order to satisfy the terms of the theory. Although Rostow connected his theory with the events occurred in Great Britain and several other countries, the theorist could not get any support from the available quantitative data (153). Critical minimum effort thesis (1957) Harvey Leibenstein (1957 cited in Gupta, 176), in his Critical Minimum Effort thesis, says that initial stimulants to development must possess a critical minimum size in order to achieve sustained growth. He continues that change in the value of a set of variables causes the economic backwardness and it possesses a certain degree of st eadiness. Since the economy is subjected to frequent shocks, the actual value of the variables will always be different from that of equilibrium values. Although these stimulants have the capacity to raise the per capita incomes, it is not possible in economically backward regions due to the weakness of the magnitude of these stimulants. 2 The export-oriented industrialization strategy was introduced as a technique to reframe the underdeveloped economies. The essence of the theory is that large scale production and thereby exports would enhance the economic growth of the country. Hence, developing countries too much depended on the exports of a few primary products in order to bridge the wider gap with advanced economies. Dijck, Linnemann and Verbruggen (3) tells that as a result of this strategy, more and more foreign investors were attracted towards the country so that these developing nations were compelled to arrange all favorable investment situations for the foreigners. It cau sed severe challenges to governments as they faced with huge difficulties in implementing the planned budgets and other policies. In addition, the governments lost huge amounts on possible receipts as a result of unfavorable incentive schemes. Similarly, the export-oriented industrialisation caused curtailment of labor wages and it led to political oppression. This strategy influenced the developing natio