While recruitment and selection is an essential element to any company, it is not the most important function. From the mini-lecture video, it was apparent that this process can be very costly, and may not lead to the desired result right away. Mis-hires can be very costly to companies, and this money could have been spent on marketing or manufacturing for the company. Organizations might choose to allocate more resources towards marketing and product design rather than an exceptional recruitment process because of their strategies or access to resources. The video mentioned widely known companies like Apple, that are able to spend this money on product development and software because of their name brand. I would argue that for similar companies, it makes more sense to allocate more funding into product development than employee recruitment. If you possess a large component of the market share, more focus is going to be on products and profits, rather than the new employees coming into the company. Companies are focused on profits, and therefore will spend more money to make goals instead of investing it in their employees. If an organization chose to pursue other aspects rather than prioritizing recruitment and selection, some strengths would be that the organization is focusing on profits and efficiency, and they would not be losing money during the hiring process. Some weaknesses could include the fact that there is a weak culture at the company which can lead to poor organization and morale. The employees may not feel as invested with their work or the company, and are more likely to leave.
I found your argument to be rather interesting and enjoyed your take on what you believed to be important. I agree with how you talked about how miss hiring can be very costly and time consuming. This is one of the biggest mistakes companies make is not spending enough time or being diligent when staffing and recruiting which in turn leads to miss hiring. That is why I believe that staffing and recruiting is the most important element of a company. Your staff and the individuals you recruit are the face of the company and represent the business as a whole. If companies took the time to properly hire and staff they would not have to worry about the costly side effects of miss hiring, and in turn create a larger profit for the business in the end. I do understand however your mentioning of how some companies need to focus more on their products such as Apple. In cases like that it makes more sense as to why they would want to invest more into their product rather than recruiting as they are a tech company whose products sell themselves. I think it can be easy to see from either side of why staffing and recruiting might or might not be the most important element in a business!