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Q. Illustrate Recruitment planning?
Recruitment planning: recruitment process starts with its planning which involves the determination of number of applicants and type of applicants to be contacted.
Number of contacts: organizations, generally, plan to attract more applicants that what they intend to select as they wish to have option in selecting the right candidates. The option is required because some of the candidates may not be interested in joining the organization; some of them may not meet the criteria of selection. Therefore, each time recruitment programmes is contemplated, the organization has to plan about the number of applications it should receive in order to fulfil all its vacancies with right personnel. The number of applicants is determined by yield ratio (YR) which expresses the relationship of applicant inputs to outputs at various decision points. For example, supposing that an organization has received 1000 applications for certain number of vacancies of a position, yield ratio (YR) at various decision points.
Private placement is the direct sale of privacies to a small number of investors.
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