Wider Pool of Candidates: External recruitment provides access to a larger pool of potential candidates compared to internal recruitment. This allows the organization to attract individuals with a broader range of skills, experiences, and perspectives, increasing the chances of finding the best fit for the job.
Brings Fresh Talent and Perspectives: Hiring from external sources brings new talent, ideas, and perspectives into the organization. New employees from outside the company are not constrained by the existing organizational culture and can bring fresh approaches, innovative thinking, and best practices from their previous experiences. This can stimulate creativity, improve problem-solving, and drive positive change within the organization.
Reduces the Possibility of Internal Politics: External recruitment can minimize the impact of internal politics, favoritism, or biases that may exist within the organization. By considering candidates from outside the company, the selection process can be more objective and merit-based, ensuring that the most qualified individual is hired, regardless of internal connections or relationships.
Qualifies New Employees for Specialized Skills: The external recruitment process is important for organizations that are looking for specialized employees. Qualified employees that already possess these specialized skills reduce the overall training cost and increase the level of productivity.
Identify the correct sequence in the selection process:
(A) Test, (B) Interview, (C) Reference check, (D) Job offer
On the basis of the following hypothetical data, calculate the percentage change in Real Gross Domestic Product (GDP) in the year 2022 – 23, using 2020 – 21 as the base year.
Year | Nominal GDP | Nominal GDP (Adjusted to Base Year Price) |
2020–21 | 3,000 | 5,000 |
2022–23 | 4,000 | 6,000 |