Recruitment : Meaning, Purpose, Importance , complete process and Sources.
By HR Career Institute.
What is Recruitment?
Recruitment is the process of identifying, screening and hiring the most suitable candidate for a job vacancy.
- The candidate might be hired internally or from external sources
- The process must be performed in timely and cost effective manner
- It can also be termed as a process linking the employers and the employees
Explain the purpose and importance of recruitment.
The purpose of
recruitment is to:
- Attract the maximum number of candidates to the organization and encourage them to apply
- Create strong database and select the best candidate for the position
- Ascertain the current and future manpower requirements of the organization
- Make the hiring exercise a cost effective one
Importance of
recruitment is:
- To identify the potential candidates within the organization for future man power requirements
- To identify the outside candidates and hire them to meet the man power requirements
- To establish various sources of candidates
- To help in increasing the success of hiring process
Explain recruitment
process.
The recruitment process tries to get the best manpower for the organization. It can be considered as the first strategic step towards the success of an organization.
The process consists
of following major steps:
- Identifying the vacancy
- Preparing the job specifications and description of the potential candidate
- Advertising the requirement
- Receiving and managing the applications
- Short listing the candidates
- Arranging the interviews
- Conducting the interviews and deciding on the candidate
What are the various
internal and external sources of recruitment?
There can be two kinds of sources of recruitment for organizations - Internal and External.
Internal recruitment - It means getting the candidate from within the organization to fulfil a vacancy. Internal recruitment can be done by:
- Transfer - transferring an employee from one location/ department to other.
- Promotion - Taking the employee higher up in the hierarchy
- Ex-employees - These could be the retired or retrenched employees
- Demotion - Lowering the position of an employee in the hierarchy for various reasons
External recruitment - It means getting the absolutely new candidate to the company. The sources of these employees could be many:
- Job notifications in the print/ online media
- College campuses
- Placement agents
- Unsolicited applicants
- Employee referral program
- Employment exchange
- Labour contractors
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