Recruitment

Recruitment is the process that businesses use to find new people to join their business and to fill specific job vacancies.

Internal recruitment

Internal recruitment is when a job position is advertised to people who already work at a business.
Internal recruitment can be beneficial to a firm because employees that already work for a firm may need less training because the employee will already know a lot about the firm.
Because the role is advertised internally, the costs of attracting and training people are lower.
But it may create another vacancy in the business.

External recruitment

External recruitment is when a business looks for new people outside of the organisation to fill a specific position.
It is usually more expensive because jobs are advertised and hires need more training. But it will reach more people.
New people from another business may bring in new ideas.
It does not create another vacancy in the business.

Main Stages in the Recruitment Process

There are 4 main stages to the recruitment process:

Job analysis

Job analysis involves a business analysing what the exact function of the job will be, and what sort of person they are looking for.

Job description

Job description involves the business advertising the job.
A job description simply describes what the job is, what the person will be doing day to day, and gives some background on the firm itself.

Person specification

In the advertisement, the business will state the requirements for what qualifications, training, language and education that a person applying needs to have.
The business will also state what skills are preferred and essential for the job.

Selection methods

After the advertisement, the business receives applications for the job. These selection methods are used to choose a candidate:
- CVs – candidates will send a document that contains information about their education, qualifications and previous experience.
- Online testing – businesses usually give candidates a maths and/or verbal reasoning test to get a better idea of their skills.
- Interviews – most companies will have some form of interview process to get an idea if the candidate is a good fit for the job.

1Exploring Business

2Marketing Campaigns

2.1Marketing

2.1.1Setting Marketing Objectives

2.1.2Customer Needs

2.1.3The Market

2.1.4Competition & The Market

2.1.5Consumer Behaviour

2.1.6Market Research

2.1.7Forms of Market Research

2.1.8Market Segmentation

2.1.9Cultural & Social Factors in Marketing

2.1.10Promotional Decisions 3

2.1.11Pricing Strategies

2.2Marketing Mix

2.2.1Marketing Mix

2.2.2Product Life Cycle

2.2.3Pricing Decisions & Price Skimming

2.2.4Pricing Decisions & Price Penetration

2.2.5Promotional Decisions

2.2.6Promotional Decisions 2

2.2.7Promotional Decisions 3

2.2.8Market Mapping

3Business Finance

3.1Sources of Finance

3.1.1Internal Finance

3.1.2External Finance

3.1.3External Finance 2

3.1.4Sources of Business Finance

3.2Financial Planning

3.2.1Revenue

3.2.2Costs

3.2.3Cash & Cash Flow

3.2.4Cash & Cash Flow 2

3.2.5Break-Even Analysis

3.2.6Profits

3.3Financial Statements

3.3.1Balance Sheets

3.3.2Income Statements

3.3.3Liquidity

4International Business

4.1Globalisation

4.1.1Growing Economies

4.1.2Specialisation & Trade

4.2International Business

4.2.1Internationalisation

4.2.2International Trade

4.2.3MNCS

4.2.4Conditions that Prompt Trade

4.2.5Assessment of a Country

4.3International Economic Environment

4.3.1Globalisation

4.3.2Factors Contributing to Globalisation

4.3.3Protectionism

4.3.4The EU & the WTO

4.3.5Trading Blocs

4.4Factors Affecting International Business

4.4.1Global Competitiveness

4.4.2Ethics of Global Business

4.4.3Controlling MNCs

4.4.4Cultural & Social Factors in Marketing

5Principles of Management

5.1Management & Leadership

5.1.1Managers

5.1.2Management Theories

5.1.3Managing Organisational Culture

5.1.4Management Style

5.2Theories of Motivation

5.2.1Motivating & Engaging Employees

5.2.2Taylor's Theory

5.2.3Mayo's Theory

5.2.4Maslow's Theory

5.2.5Herzberg's Theory

5.3Managing Change

5.3.1Change

5.3.2Key Factors in Change

5.3.3Scenario Planning

5.3.4Managing Change

5.3.5Managing Strategic Implementation

6Business Decision Making

6.1Business Principles & Practices

6.1.1Influences in External Environments

6.1.2Product Decisions

6.1.3Competitive Environment

6.1.4Corporate Strategy

6.1.5Quantitative Sales Forecasting

6.1.6Legislation

6.2Quality Management

6.2.1Importance of Quality

6.2.2Measuring Quality

6.2.3Total Quality Management

6.2.4Evaluating TQM

6.3Human Resources

6.3.1Contracts

6.3.2Recruitment

6.3.3Training a Workforce

6.4Documents & Business Decisions

6.4.1Sales Forecasts

6.4.2Managing Strategic Implementation

6.4.3Problems with Strategy

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