ENTREPRENEURSHIP

ENTREPRENEURIAL OPERATIONS

HUMAN RESOURCE MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What according to you is a more economical process (less expensive)?
A
Recruitment
B
Selection
C
Depends on the Job Profile
D
Could be either Recruitment or Selection
Explanation: 

Detailed explanation-1: -Candidate direct applications are most common and least expensive, in which job seekers submit unsolicited application letters or resumes. The pool of potential employees can also be expanded through direct applications.

Detailed explanation-2: -Recruitment is an economical process while the selection is an expensive process.

Detailed explanation-3: -Higher costs: The external recruitment process involves a series of procedures to ensure the right selection of candidates.

Detailed explanation-4: -Use social media to attract candidates Social recruiting is emerging as one of the most cost-effective ways to hire employees. Studies show that 70% of hiring managers say they’ve successfully hired with social media in 2021 and that recruitment through social media is much faster than other channels.

There is 1 question to complete.