COMPILED BY-
SWATI SINHA
ROLL NO.- 41
BBA-III (2007-10)
Patna women’s college
RECRUITMENT
Recruitment refers to the process of identifying and attracting job seekers so as to
build a pool of qualified job applicants. In other words, recruitment refers to the
process of finding right candidate for the right kind of job or function. It creates a
common platform between the employers and the prospective employees, so that
both of them evaluate each other and take a decision which is mutually beneficial.
EXTERNAL SOURCES:
PROFESSIONAL OR TRADE
INTERNAL SOURCES:
ASSOCIATIONS
ADVERTISEMENTS
PRESENT EMPLOYEES EMPLOYMENT EXCHANGE
EMPLOYEE REFERRALS RECRUITMENT CAMPUS RECRUITMENT
FORMER EMPLOYEES WALK-INS & WRITE-INS
PREVIOUS APPLICANTS CONSULTANTS
CONTRACTORS
DISPLACED PERSONS
RADIO & TELEVISIONS
ACQUISITIONS & MERGERS
E-RECRUITING
EMPLOYEES’ RETENTION
The term retention refers to the act of retaining, or the state of being retained.
Retaining the employees, especially the high performance employees, can be
challenging in this fast-paced employment world. Employee Retention involves
taking measures to encourage employees to remain in the organization for the
maximum period of time. Corporate is facing a lot of problems in employee
retention these days. Hiring knowledgeable people for the job is essential for an
employer, but retention is even more important criteria than hiring. There is no
dearth of opportunities for a talented person and there are many organizations
which are looking for such employees. If a person is not satisfied by the job he is
doing, he may switch over to some other more suitable job. In today’s cut-throat
environment, it becomes very important for organizations to retain their
employees.
In the present scenario, world is turning into a global village and the whole
globe is reachable from any destination. In this small world even companies are
reachable to the people and vice versa. And so their jobs are also easily accessible
for everyone. In this situation, the biggest challenge for a company is to retain its
workforce intact especially the Knowledge Banks.
Retaining talented employees begins in the recruitment phase itself. Spending time
on hiring the best candidate will benefit a company over the long-term. It starts
with selling the right story to the candidates. They need to have a clear idea about
the company, with no surprises. Companies should pay attention to the driving
factors of each employee, which could be opportunities to progress in the
company, being provided with training, or receiving appraisals on a regular basis.
Hiring good employees isn't enough in today's competitive labor market. Managers
and organizations have to focus on strategies for keeping their best employees
(especially the middle and junior level employees) on the job.
Hiring good employees isn't enough in today's competitive labor market. Managers
and organizations have to focus on strategies for keeping their best employees on
the job. IBM is an example of a global company which boasts of its diversity
policies and has rolled this out along with employee feedback and diversity
programs to ensure that it lives up to its values. The corporation focuses on its
ability to attract and retain talent where the ultimate goal is to localize leadership.
IBM now operates in 170 countries, with about 30% of its employees in Asia
Pacific, and it anticipates that its future growth markets will be in Brazil, China,
India and Russia. For nearly a century, businesses, institutions and individuals
have sought a relationship with IBM because of this company’s unique ability to
conceptualize opportunities, to analyze developments and to re-imagine how the
world could work. For nearly a century, literally millions of women and men have
been drawn here to be part of an enterprise that above all grounded itself in lasting
values, and that valued, above all, the capacity of its people to think.
VISION
In 1953, IBM singed its first equal opportunities policy. Equal Opportunity at IBM
has been an evolutionary journey that underscores the company’s commitment to
an inclusive work environment where people’s ideas and contributions are
welcome - regardless of where you are from, what you look like or what personal
beliefs you hold. And in today’s global marketplace, workforce diversity is the
bridge between the workplace and the marketplace. Because of this rich heritage,
IBM is a company where inclusiveness remains a way of life, and individuality is
respected and rewarded, and customers do business with people who look like they
do. Today’s IBM diversity programs are an outgrowth of that heritage, which have
redefined the workplace around the world, making IBM one of the foremost
leaders for diversity policies and programs. IBM welcomes all talent. IBM is
focused on recruiting the person with the best skills for each role without regard to
race, color, religion, genetics, gender identity or expression, sexual orientation,
national origin, disability or age.
RECRUITMENT & PIPELINE,
RETENTION & CAPABILITY
It is IBM's goal, through the development of best practice in recruitment,
accommodation, training and development, to enable people with a disability to
have an equal opportunity to participate in and benefit from employment with
IBM. As a part of its commitment to the employment of people with a disability,
they have a proactive and holistic approach to employment. The strategy includes
all aspects surrounding employment that aim to create a culture of inclusion. This
strategy includes growing the pipeline and recruiting people with a disability;
ensuring retention of people with a disability; building IBM's internal capability
and awareness, and partnering with the community.
As important also are the result of the employee surveys – feedback is analyzed
and action plans developed to close gaps, educate the workforce or create new
employee programs. And there are measurements to check on the diversity
profile within the company in order to support the objective of reaching all
customers, markets and accessing talents.
Other indicators of success are career moves - for example moves between
specialties based on ability, skills and experience. Having the opportunity to
move around and gain new skills and business knowledge is a powerful
retainer.