MN 301 – Human Resource Management MN 301 – Human Resource Management
MN 301 – Human Resource ManagementMN 301 – Human Resource Management
Labor Market Components: Key TermsLabor Market Components: Key TermsLabor Market Components: Key TermsLabor Market Components: Key Terms
Labor Markets– The external supply pool from which
organizations attract their employees Labor Force Population
– All individuals who are available for selection if all possible recruitment strategies are used.
Applicant Population– A subset of the labor force that is available for
selection using a particular recruiting approach. Applicant Pool
– All persons who are actually evaluated for selection
Labor Market ComponentsLabor Market ComponentsLabor Market ComponentsLabor Market Components
Labor Markets and Recruiting IssuesLabor Markets and Recruiting IssuesLabor Markets and Recruiting IssuesLabor Markets and Recruiting Issues
Labor MarketsLabor MarketsLabor MarketsLabor Markets
IndustryIndustryandand
OccupationalOccupational
KSAsKSAs
IndustryIndustryandand
OccupationalOccupational
KSAsKSAs
GeographicGeographic
LocalLocalRegionalRegionalNationalNational
InternationalInternational
GeographicGeographic
LocalLocalRegionalRegionalNationalNational
InternationalInternational
Educational Educational andand
Technical Technical QualificationsQualifications
Educational Educational andand
Technical Technical QualificationsQualifications
Strategic Strategic Recruiting Recruiting
StagesStages
Strategic Strategic Recruiting Recruiting
StagesStages
Strategic Recruiting DecisionsStrategic Recruiting DecisionsStrategic Recruiting DecisionsStrategic Recruiting Decisions
RecruitingRecruitingSource Choices:Source Choices:
Internal vs. Internal vs. ExternalExternal
RecruitingRecruitingSource Choices:Source Choices:
Internal vs. Internal vs. ExternalExternal
Organizational-Organizational-Based vs. Based vs.
OutsourcingOutsourcing
Organizational-Organizational-Based vs. Based vs.
OutsourcingOutsourcing
Regular vs. Regular vs. Flexible StaffingFlexible Staffing
Regular vs. Regular vs. Flexible StaffingFlexible Staffing
Recruiting and Recruiting and EEO/Diversity EEO/Diversity
ConsiderationsConsiderations
Recruiting and Recruiting and EEO/Diversity EEO/Diversity
ConsiderationsConsiderations
StrategicStrategicRecruitingRecruiting
StrategicStrategicRecruitingRecruiting
EEO and Diversity ConsiderationsEEO and Diversity ConsiderationsEEO and Diversity ConsiderationsEEO and Diversity Considerations
Advantages and Disadvantages of Advantages and Disadvantages of Internal and External Recruiting SourcesInternal and External Recruiting Sources
Advantages and Disadvantages of Advantages and Disadvantages of Internal and External Recruiting SourcesInternal and External Recruiting Sources
Internet Recruiting MethodsInternet Recruiting MethodsInternet Recruiting MethodsInternet Recruiting Methods
Job BoardsJob BoardsJob BoardsJob Boards
Professional/Professional/Career Web SitesCareer Web Sites
Professional/Professional/Career Web SitesCareer Web Sites
Employer Web SitesEmployer Web SitesEmployer Web SitesEmployer Web Sites
Internet RecruitingInternet RecruitingInternet RecruitingInternet Recruiting
Advantages– Recruiting cost savings– Recruiting time savings– Expanded pool of
applicants– Morale building for
current employees
Disadvantages– More unqualified
applicants– Additional work for HR
staff members– Many applicants are
not seriously seeking employment
– Access limited or unavailable to some applicants
External RecruitingExternal RecruitingExternal RecruitingExternal Recruiting
Employment AgenciesEmployment Agenciesand Search Firmsand Search Firms
College and College and University University RecruitingRecruiting
High Schools and High Schools and Technical SchoolsTechnical Schools
LaborLaborUnionsUnions
External External Recruiting Recruiting SourcesSources
Job FairsJob Fairs
Recruiting EvaluationRecruiting EvaluationRecruiting EvaluationRecruiting Evaluation
General Areas for Evaluating Recruiting– Quantity of applicants– EEO goals met– Quality of applicants
Yield ratios– A comparison of the number of applicants at
one stage of the recruiting process to the number at the next stage.
Selection rate– The percentage hired from a given group of
candidates
Recruiting Evaluation PyramidRecruiting Evaluation PyramidRecruiting Evaluation PyramidRecruiting Evaluation Pyramid
Selection MethodsSelection MethodsSelection MethodsSelection Methods
Yield ratios– A comparison of the number of applicants at one
stage of the recruiting process to the number at the next stage
Selection rate– Percentage hired from a given group of candidates
Acceptance Rate– Percentage of rejected job offers
Success Base Rate– Comparing percentage rate of past applicants who
were good employees to that of current employees.