I think that the reason companies spend more time marketing or designing their product than doing a good job recruiting employees comes down to the simple fact that people come and go. Even if aa company spends a large amount on recruitment there still will be the natural coming and going of employees from the company. It is more important in the companies eye’s to have a product that consumers want and need then spending the money on recruiting. Insuring a good product helps make up for the loses that are suffered do to turnover, making the difference between the choices less impactful. A strength of a company that prioritizes their product is an improved product and improved sales from better marketing of the product. A weakness of a company that prioritizes their product is a lose in production time due to increased amounts of training or lack of employees. In addition to this they may face higher turnover which is costly to the company and if the sales of the product do not make up with difference then the company could end up in a difficult situation financially. I think there are pros and cons to both ideas, it depends on the company which is more important to them.
Week 1 The Case for Recruitment and Selection
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2 responses to “Week 1 The Case for Recruitment and Selection”
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I think you may have the cause and effect of high turnover and poor recruiting backwards. One of the things I’m hoping to get out of our time in Management 448 is some techniques to make higher quality hires – those who are more likely to stick around for the long haul.
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Hello Sydney, I agree with your initial statement about people coming and going. There is a natural turnover that is out of your control, however I think that turnover can be greatly reduced based on your recruitment methods. I like the way you phrased that viewpoint of “insuring you have a good product can make up for bad recruiting practices”. One thing I noted in my blog regarding having employees that aren’t as great is customer service. Your product may be the best out there but if word gets out that your customer service is terrible that can be a huge factor in making someone chose your competitor. I also like how you talked about being able to make up the difference of production suffering with sales. It may be worthwhile to have bad practices if they can do that, but each company has to weigh what makes the most financial sense for them. There is a huge cost benefit analysis that can be done to decide, but I always hope that a company will focus less on numbers and more on what’s best for society.
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