Recruiting Approaches For Tanglewood Assignment

Recruiting Approaches For Tanglewood - Assignment Example Contextually, Tanglewood has the need to recruit sales associates for their stores for which they need a proper recruitment plan that includes an appropriate recruitment guide. Furthermore, based on their requirement of human resource the company will also need to identify proper recruitment methods after taking into consideration the historical recruitment data of the company (Heneman III, Judge & Kammeyer-Mueller, 2011). With reference to the recruitment needs of the company, the aim of the paper will be to analyses the past recruitment records of Tanglewood and recommend an appropriate recruitment method and approach for its future recruitment needs. Recruitment Guide Position: Store job associate Reports to: Regional Managers Qualifications Required: Anyone with a previous work experience in other stores, as a sales associates or assistant manager can apply for the post. Freshers can also submit their application for the mentioned designation Relevant Labor Market: Washington and Oregon Activities to Undertake: Employee referrals, Newspaper advertising, Post job vacancy on company website Staff Members Involved: HR recruiting manager and Regional manager Budget: $ 3,070,768 for each region Advantages of Open and Targeted recruiting Approaches for Tanglewood It is known that recruitment is one of the most important and highly prioritized processes of any organization. ... On the other hand, in targeted recruitment, organizations target at a particular group of qualified candidate for the post. In this method, the company needs to deal with only the qualified candidates, which make their selection process simpler, time saving and cost effective. Furthermore, this method ensures maximum probability for the company to recruit desired candidate for the job (Heneman III, Judge & Kammeyer-Mueller, 2011; Roberts, 1997). Evaluation of the Historical Cost of Recruitment to Determine Effectiveness Tanglewood adopted five methods of recruitment in the past which comprise of media, referrals, Kiosk, State Job Services and staffing agency. All this methods have their own set of advantages and disadvantages. Candidates recruited through media advertising cost the company $4,945,655 in the past years. The hiring rate of candidate through media advertising comprises 14.66% with a retention rate of 44.66% for the same. Subsequently, candidate recruited through referra ls cost the company with an amount of $ 8,437,420. The hiring rate through this method was 29.66% on an average. The retention rate of the candidate hired through this method is depicted to be around 54.33%. Furthermore, candidate selected through the means of Kiosk cost the company around $ 10,097,412. The hiring rate and retentions rate of candidate recruited through this method are 16.75% and 62% respectively. Apart from this, candidate recruited through job services cost the company merely $ 1,412,720. The hiring and retention rate for this method are 9% and 75% respectively. Cost of using agency method for recruitment is around $ 3,798,880 with a hiring rate of 33.50% and a retention rate of 90% (Heneman III, Judge & Kammeyer-Mueller, 2011). From