What is recruitment? How do labor market conditions affect recruitment?

What will be an ideal response?

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. Of particular importance to the success of recruitment is the demand for and supply of specific skills in the labor market. In general, a firm's recruitment process is often simplified when the unemployment rate in an organization's labor market is high. The number of unsolicited applicants is usually greater, and the increased size of the labor pool provides a better opportunity for attracting qualified applicants. However, if demand for a particular skill is high relative to supply, an extraordinary recruiting effort may be required. Further, the area where recruitment takes place often impacts the labor market conditions.Today, the labor market for many professional and technical positions is much broader and truly global. Even in a depressed economy, top-quality workers are in demand and forward-thinking organizations are looking to entice these individuals to join their firms. For example, wind turbine technicians are in considerably high growth in wind electricity generation.

Business

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What is the term for the extent to which a person's contributions and the organization's inducements match?

A) Employee equity B) Person-job fit C) Psychological contract D) Time-motion study E) Team culture

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