Marketing/Product Design over Recruitment?
Organizations may prioritize marketing or product design over employee recruitment because of the more immediate and visible outcomes. Some industries work in highly competitive markets and need to quickly differentiate themselves from their competitors. Ultimately, having the product to sell and the creative means to market it, is what is going to drive sales and increase revenue. On the other hand, when considering start ups or smaller companies, there is likely less resources available. Less money to “play” with means a stricter budget, and more focus spent on hot to bring money in quickly.
Recruitment and employee selection are often considered to be more long term investments, not necessarily yielding financial returns very quickly. Some companies, as mentioned above, may have to choose between investing in a marketing strategy, or product development, over strategic hiring practices due to their current financial standings.
Strengths and Weaknesses
One possible strength associated with not prioritizing recruitment and selection and instead focusing on aspects such as marketing or product development include being able to respond to immediate business needs. Those smaller or startup businesses referenced earlier may be much more focused on bringing in revenue to ensure they can keep operations running. Having a product line and an effective marketing strategy is a crucial step to bringing in customers and making sales.
The weakness to this decision, however, comes with potential long term consequences. By not paying necessary attention to recruiting and selecting the right employee, companies may face higher turnover thus leading to higher expenditures down the line. Having a workforce that lacks the right skills, or doesn’t blend culturally, can lead to reduced employee morale and productivity.