Organizations might decide to allocate more resources to marketing or product design instead of recruitment and selection because they might not need to search too in depth to find great candidates. Large popular companies such as Google, Nike, and Microsoft do not need to spend very much time searching for candidates because so many people want to work for those companies. It can be very hard to get a job at those businesses because of this created competitive hiring environment. As such, diverting hiring resources towards other departments like marketing or product design could be a better option for the business to take. Although these companies are large and desired enough to divert funding away from recruitment and selection, there are some tradeoffs. A potential weakness for an organization to ignore this aspect of the business is the high amount of costs when a poor hiring choice is made. The business will then have to start the process all over again and incur all of the costs that were incurred a second time. Also as listed in the lecture, poor performing employees could be hired and actually cause work to be redone. All of this time and money was lost to a poor hiring decision. A potential strength however is to save large amounts of money and possibly gain even more from creating a new product or a successful marketing campaign. It could be a hard decision for a business to make when considering allocating funding, but staffing is an important one.
The Case for Recruitment & Selection
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One response to “The Case for Recruitment & Selection”
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Hi Tanner
I thought the point that you made in your post about large well-known companies not having to put a lot of resources into selecting and recruitment because they have dozens of candidates coming to them constantly. This is something that I did not consider on my own while reading this week’s materials and I think is a great point to make for why companies might put resources elsewhere. I also like the point you made that a new product has the financial potential to create far more than a good employee does. It is definitely important to evaluate your company’s stance in the world when making these financial allocation decisions. Thanks for sharing!
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