SELECTING RIGHT TALENT Recruitment refers to the process of identifying and encouraging prospective employees to apply for job and selection is the process of picking the right candidates from the pool of applicants. Recruitment is a positive approach where as Selection Negative approach Explain – Crash Recruitment Drive of Pepsi- 6 people, 6 days, Oberoi Business centre 3000 applications Fees charged by Recruitment consultant 20 to 50% of employees first – year salary Outcomes of Selection decision (Thomas Stone) False Negative Error- Rejection of an applicant who would have succeeded. False Positive Error Applicant selected expecting success, but failed – True Positive (High Hit) Candidate selected expecting success and he – succeeds True negative(Low Hit) failure is expected and it happens –
SELECTING RIGHT TALENT Recruitment refers to the process of identifying and encouraging prospective employees to apply for job and selection is the process of picking the right candidates from the pool of applicants. Recruitment is a positive approach where as Selection Negative approach – Explain Crash Recruitment Drive of Pepsi- 6 people, 6 days, Oberoi Business centre 3000 applications Fees charged by Recruitment consultant – 20 to 50% of employees first year salary Outcomes of Selection decision (Thomas Stone) False Negative Error- Rejection of an applicant who would have succeeded. False Positive Error – Applicant selected expecting success, but failed True Positive (High Hit) – Candidate selected expecting success and he succeeds True negative(Low Hit) – failure is expected and it happens
r-s-strategy-hrm.docx