ENTREPRENEURIAL OPERATIONS
HUMAN RESOURCE MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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It involves less risk
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Managers are lazy and can’t be bothered externally recruiting
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You can pay the staff a wage lower than other members of the team
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None of the above
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Detailed explanation-1: -It’s cheaper and faster to recruit staff internally than it is externally as it leverages employees that you already have. Internal recruitment promotes loyalty and can even improve employee morale as it serves as a reward for existing employees.
Detailed explanation-2: -(i) Sense of security. (ii) Labour turnover and costs are reduced. (iii) No need of induction and training.
Detailed explanation-3: -Internal sources of recruitment are better than external sources in the following respects: (i) Economical sources Internal sources are less time consuming and less expensive because the organisation and the employees are already known to each other.
Detailed explanation-4: -It motivates them to work hard and earn promotions. They will work with loyalty, commitment and enthusiasm. 15. It reduce labour turnover as it gives employees a sense of job security and opportunity for advancement.
Detailed explanation-5: -Company Websites. Employee Referrals. Job Boards (Paid and Free) Networking (Informal, Formal) Job Fairs (Online and Virtual) On-campus college recruiting. Print, Radio and TV Advertising. Social Media. More items •28-May-2019