Market Analysis in Recruitment and Selection - 3370 Words

CHAPTER 4: MARKET ANALYSIS IN RECRUITMENT AND SELECTION Market Analysis Recruitment Market analysis can be internal and external. The internal analysis is involved with the internal workings of an organization. These are usually in the control of the company. Whilst external analysis involves analysing the world around an organization which generally are usually not in the organizations control; an example of an external market factor is legislation on recruitment or standards of products produced in a company. An organization has no control on law makers however it should be able to adapt to this and still reach its objective of making profits. Using SWOT analysis in researching a market Market analysis involves the identification of factors of SWOT analysis. The SWOT analysis can be identified as the; Strength, Weaknesses, Opportunities and Threats in a company or other business enterprise. This type of market analysis is done with the use of the SWOT analysis which enables decision makers in business to strategize and to make more scientific and informed decision in their organization. Such decisions could include decisions with regard to job recruitment and selection as these aspects of human resource are of vital importance to businesses. Recruitment can both be analyzed internally and externally. Internally recruitment would involve the human resource department making decisions whether to recruit certain individual and the methods of recruiting. TheShow MoreRelatedA Study of Recruitment Selection Process in Bank1103 Words   |  5 PagesA STUDY OF RECRUITMENT SELECTION PROCESS IN BANK A project proposal (synopsis) report submitted in partial fulfillment of the requirements of the award of the degree of MASTER OF BUSINESS ADMINISTRATION (MBA) From Guide: Dr.Nitin G.Vighne By: PRN. No.:- 200801737737 Study Centre No.:-44175 *SESSION: 2009*-10 To YASHWANTRAO CHAVAN OPEN UNIVERSITY, NASHIK (M.S.) Title: A STUDY OF RECRUITMENT SELECTION PROCESS IN BANK Without a sound and effective bankingRead MoreAn Organization Strategic Business Plan1284 Words   |  6 Pagesorganizations that their strategy is well integrated with human resource recruitment and planning, tend to have human resource competitive advantage. In the following part, the discussion would cover the practices recognized in literature in regards to recruitment and selection processes as job analysis, recruitment and selection. in respect to this, it would be reasonable to first, thoroughly explain the recruitment and selection procedure which encompasses a number of inter connected and related stepsRead MoreThe Important and Vital Functions of the Human Resources Department1351 Words   |  6 Pagesonly. Apart from individual development and working to maintain a productive working environment HR plays multiple roles for the growth and functioning of the organization. Other crucial functions of HR in an organization may include recruitment and employee selection, fullest utilization of human capital resources for the growth of the organization, balancing the needs of the organization with those of the employees to assure the well being of both the parties, guiding the leadership in the organizationRead MoreThe Application Of Best Practice Essay1693 Words   |  7 PagesPlanning the recruitment and selection process Upfront planning includes thinking about the steps in recruitment and selection early; and scheduling the activity, resources and time to support the process. Planning is essential in the recruitment and selection process as it ensures the best possible process is followed. 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In the labour market, employers and companies whether big or small always compete to hire the best skilled, highly motivated and hard-working of individuals to compete for the best job available. (Economic, 2015). A labour market in complex terms is defined as an economic function which supplies different level of demand and supply of labour (Webster, 2015). E.g. labourRead MoreThe Human Resource Department Of Al Qassimi Hospital1668 Words   |  7 Pages171 paramedical staff and 52 administrative staff. The Human Resource department of Al Qassimi hospital has six sections that comprises of leaves and attendance, training and development, performance appraisal, leaves and retention. Analysis Recruitment and Selection in HR This perspective is a challenge for the Al Qassimi hospital organisation, especially in the sphere of human resource management, which according Al Alawi, Al Dhaheri, Al Baloushi, Al Dhaheri and Prinsloo (2014), suffers from aRead MoreEssay on Load Shading in Pakistan1089 Words   |  5 Pagespeople in the right places, and at the right times, who are capable of effectively and efficiently performing assigned tasks. Planning.. It is accomplished through analysis of Internal factors : Current and expected skill needs, vacancies and departmental expansions and reductions. Environmental factors: Labor markets, use of computers to build and maintain information about employees Planning Procedures Of Mobilink GSM At Mobilink, our belief is that Our people are our greatestRead MoreImportance of Recruitment and Selection of Sales People1619 Words   |  7 PagesDiscuss the importance of recruitment and selection of sales people. What are some of the problems associated with selecting the wrong person for the job? Enhanced customer expectations coupled with increased global competition means that growth, or even survival of a firm is difficult. Organisations need to respond to a rapidly changing global environment (Cascio 2011). Success for a firm thus is dependent on attracting and retaining high quality individuals who can respond effectively to this changingRead MoreThe Employment Opportunities Of A Human Resource Manager1500 Words   |  6 Pagesnecessary, and general overseeing of the personnel department†. The report will contain an analysis of the current about market trends, an evaluation impact of external factors influencing work and career patterns, the analysis of advertising, recruitment and selection methods and the analysis of relevant professional standards and competences for both, the United Kingdom and Brunei Darussalam. 1. The current labour market trends 1.1 United Kingdom According to a report from CIPD for autumn 2015, the current