Definition: The Alternatives to Recruitment are the temporary ways of hiring people for the job position with a view to saving cost incurred in recruiting process and meet the short-term demand for increased work volume. The recruitment is the costly process which includes the salaries of recruiters, cost incurred in advertisements, time spent by the management, cost of … [Read more...] about Alternatives to Recruitment
External Sources of Recruitment
Definition: The External Sources of Recruitment mean hiring people from outside the organization. In other words, seeking applicants from those who are external to the organization. There are several methods for external recruiting. The firm must carefully analyze the vacant positions and then use the method which best fulfills the requirement. Following are the different … [Read more...] about External Sources of Recruitment
Internal Sources of Recruitment
Definition: The Internal Sources of Recruitment mean hiring people from within the organization. In other words, seeking applicants for the job positions from those who are currently employed with the firm. In any organization, following are the most common internal sources of recruitment: Transfer: Transfer means shifting an employee from one job to another, … [Read more...] about Internal Sources of Recruitment
Recruitment Process
Definition: The Recruitment is the process of analyzing the job requirements and then finding the prospective candidates who are then encouraged and stimulated to apply for the job in the organization. The Recruitment programme is designed to attract more and more applicants such that the pool of candidates applies for the job, and the organization has more options to select … [Read more...] about Recruitment Process
Chronic Unemployment
Definition: The Chronic Unemployment means prolonged unemployment in the economy. In other words, chronic unemployment is caused due to the long-term unemployment persisting in the economy. Often, the underdeveloped economies suffer from the chronic unemployment because of one of the following major reasons: Slower Economic Growth: The economy in its slow growth is … [Read more...] about Chronic Unemployment
Disguised Unemployment
Definition: The Disguised Unemployment refers to the work area where surplus manpower is employed out of which some individuals have zero or almost zero marginal productivity such that if they are removed the total level of output remains unchanged. In other words, More workers employed on a single piece of work than actually required is called as the disguised unemployment. … [Read more...] about Disguised Unemployment
Technological Unemployment
Definition: The Technological Unemployment is caused when the individuals lose their jobs due to the technological advancement. Simply, the substitution of manpower with technology results in technological unemployment. It is a form of structural unemployment wherein the structure of the economy changes with the shifts in demand for manpower due to the introduction of new … [Read more...] about Technological Unemployment
Seasonal Unemployment
Definition: The Seasonal Unemployment means the demand for a specific kind of work and workers change with the change in the season. Simply, the period when the demand for the manpower as well as the capital stock reduces because of a decreased demand in the economy at a particular point in time in a year causes the seasonal unemployment. The seasonal unemployment is … [Read more...] about Seasonal Unemployment
Casual Unemployment
Definition: The Casual Unemployment is when the worker is employed on a day-to-day basis for a contractual job and have to leave it once the contract terminates. Simply, the inevitable time delay when a worker transits from one job to another due to the expiration of previous job contract is called as the casual unemployment. The casual unemployment is prevalent in … [Read more...] about Casual Unemployment
Voluntary Unemployment
Definition: The Voluntary Unemployment refers to the situation when the worker deliberately chooses not to work because of a low wage scale or not able to find out the suitable employment for him. In other words, the voluntary unemployment is when the person decides not to participate in the labor market, not because of the unavailability of jobs, but because of not finding … [Read more...] about Voluntary Unemployment