Answer to Question 1
Answer: Recruitment is the process of attracting individuals on a timely basis, in sufficient numbers, and with appropriate qualifications to apply for jobs with an organization. The firm may then select those applicants with qualifications most closely related to job descriptions. Finding the appropriate way of encouraging qualified candidates to apply for employment is extremely important, however, because recruiting costs can be expensive. Thus, a properly functioning recruiting program can have a major impact on the bottom line of a company. The recruitment process is critical because employees quickly become either assets or liabilities based on how they contribute to the value of the company. How many times have we heard CEOs state, Our employees are our most important asset? Instead they should be saying, The right employees are our most important asset. Hiring the best people available has never been more critical than it is today because of the economy and global competition. A company's ability to recruit and manage talent has become the measure for the overall health and longevity of the organization. It is estimated that just the cost of replacing an employee alone when a bad decision is made is two to three times the employee's annual salary. Therefore, it is crucial to have a finely tuned recruitment process if the selection process is to function properly.
Answer to Question 2
B
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