Recruitment and Selection Process (Edexcel A-Level Business): Flashcards

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Recruitment and Selection Process
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Recruitment definition

Process to attract & hire most suitable employees for vacancies

Selection definition

Choosing the best candidate from those who apply

Job description content

Job title, tasks, duties, responsibilities of the role

Person specification content

Qualifications, experience, skills, qualities required

Number of stages in recruitment process

Seven distinct stages

Key advantage of internal recruitment

Lower costs - no external advertising needed

Key advantage of external recruitment

Fresh perspectives and new ideas from outside

Cost to replace a single employee

£30,614 (according to Oxford Economics research)

Headhunting definition

Approaching suitable candidates directly for senior positions

Online recruitment cost saving

Can cost up to 90% less than traditional methods

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