Components of Commercial Value Chain
February 12, 2025
Supply Chain Management is concerned not only with the flow of raw materials and finished goods, but scope extends beyond this to include reverse flow of unsold finished goods, parts and packaging materials from the point of consumption at customer’s end back to the organization or to rework/refurbishing vendors. Today reverse logistics has been adopted […]
Introduction Information systems have revolutionized the way businesses get conducted. It facilitates automation across departments. Information systems are getting actively used by human-resource team. Most of Human-Resource activities are done through online or web-based portals. This web based portal help employee or HR team member access data from anywhere in the world or from remote […]
The prices of oil have once again started going through the roof. In the past few years, the prices of oil have seen a steady downturn. This can be largely attributed to the supply gut that was created as a result of a new technology called “fracking.” The world has changed immensely since then. Geopolitical […]
To Expand Sales The first and foremost reason is that western multinationals would like to expand their sales and acquire newer markets so that they can record impressive growth rates. Considering the fact that the developing countries are peopled with consumers who have aspirations to western lifestyles, it is, but natural that the western companies […]
Personal income taxes are omnipresent all over the world. From the developed nations to the developing ones, all tax the incomes of their citizens at different rates. There are only ten countries across the entire world where there are no income taxes. Out of these ten countries, six are from the Gulf peninsula. The governments […]
Human resource is one of the pillars which defines a strong and successful organization. Workforce is the backbone of any organization and form integral part of its strategic plans and initiatives.
Recruitment and selection are two of the main function carried out by human-resource department. An organization undertakes recruitment under following circumstances:
The current workforce is constantly evolving with regard to the employee mix. Organizations are moving more and more toward temporary employees. Furthermore, there is an increase in single parent employees. Women as percentage of workforce have as well significantly increased. Human-resource manager needs to be aware of these changes and develop a recruitment process accordingly.
Every Human resource department has a team to manage the recruitment and selection process. Information systems have made it possible for companies to have a dedicated tool which helps in organizing the complete recruitment and selection process.
Recruitment management system greatly enhances the performance of recruitment process and delivers efficiency to the organization. The key characteristics of the recruitment management system are as follows:
Selection is a process through which candidate’s qualification and job’s requirement are matched as to establish suitability for the open position. The selection needs to have structured and definite process flow.
Selection process consists of various steps like interview, aptitude test, interaction with hiring manager, background verification, job offer and job acceptance.
Recruitment is a process in which there is search for potential applicants for various open positions, where as selection is a process in which candidates are short listed based on their potential.
Employee recruitment and selection are building block of any successful organization. In recent years, information system has played major role in driving efficiency in the process through standardization and process evolution.
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