Hiring a New Employee
“A company is only as good as the employees who work for It.” Seems to be the slogan driving most employers in today’s marketplace. Your employees are a direct reflection of your company and in many industries, may actually be considered the product. Finding the right employee can be one of the most crucial and difficult decisions a business can face. Businesses must be prepared for this process and understand the steps involved in hiring a new employee.
When an employer makes the decision to hire a new employee, they must first decide what advantages this employee will offer the company. The employee may be considered a producer, who would benefit the company by producing, creating, selling or supporting
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The employee’s salary, wages and incentives must be taken into consideration. In addition, the company must pay taxes, administration and accounting fees for this person. The decision maker should take into consideration the hiring costs associated with the employee, including recruiting, advertising, interviewing and selecting a new employee. The cost of supervision of the employee can be calculated using a percentage of the supervisor’s salary based on the projected amount of time the new employee will require from a supervisor. Training costs can also be substantial, consisting of the direct and opportunity costs of other employees who would be involved in training. Equipment such as computers, desks, safety equipment and other technology would also be taken into account.
After calculating, reviewing and analyzing the costs and benefits of an employee, several things must still be considered before developing a conclusion. A human resources or management decision maker should compare and analyze the effect this employee would have on your cash flow. Realistic income projections can be compared to the initial and long-term costs of the employee. The fact that the employee may not be fully productive until several months of work must be calculated into the projections. For example, the person may take time to adjust to the position and handle a full workload, or you may not initially have enough work for the person to
Organizations are growing in size each and every day, which in turn creates a high demand for employees. This outcome, however, needs a systematic approach to determine the right employee for the right position. The process has become so large that organizations need specialized help from Human Resource Management (HRM) departments to ensure that the requirements of the position are met. Therefore, the HRM department provides the function of job analysis in order to select the right individual for the position. "Job analysis is a complex and vital part of every HRM program, as well as an important systematic process used within an organization to determine future members of the workforce." Job analysis
views of costs and the labor hours this can help create an appropriate budget and validate that the
There are certain strategies that employers use to make sure that they find the right employee such as advertising, employment agencies, web, colleges, professional employment organizations, temp agencies, unsolicited applications, and soliciting specific applicants. There is more than one way to look for employees. My friend, Jonathon Montgomery wanted to start up a small marketing business for local restaurants and sought to hire lot employees to spread the word around town. He went on craigslist to create an ad and three days later he found himself interviewing multiple groups of people to fill the role. He did not have as much trouble in the interviewing process, but he has a lot of trouble in the selection process. In the selection process, it is important to understand the strategy used to select the most qualified employee for the position. Selection the right employee is important and was really important to Jonathon. Our reading states, “ Selecting the right employee is one of the most crucial processes.” (Youssef, C. 2012) It is important, because when selecting the right employees, human resource management must take into consideration, laws of equal employment opportunity and while making sure they select the most qualified candidate to fill the role. In addition, organizations take into consideration within the selection process, employees are not only equip with the job qualifications, but they are equipped with the characteristics, such as motivation,
Various terms are used to describe costs. Having an understanding of these terms will provide a better insight to managers and companies on making budget decisions, efficiently. Not only the ones described above should be considered, but also all types of costs related to the decision in effect. Efficient managers will considered all aspects related to the analyses in question.
Then, there are the employees whose strengths compliment our boss’s and it creates the most welcoming of atmospheres for everyone. Those are the employees who strengths include humanity, sociability, and determination. All the employees know that they can go up to the employer and she will listen to any idea we
In the growing and competing business world today, it solely reflects on the HR manager to practice the best strategies in the recruitment and selection process while recruiting the best among the vast talent that is available. The HR Manager’s decision in selecting the right candidate is essential in the development of an effective workforce leading successful organisations. A successful employment relationship builds excellent talents and a perfect organisation (Salamon 1998:3).
The organizations budget will vary based on how the company is doing. The budget is always important to remember when hiring new employees. We recommend asking questions such as, “How would hiring an employee fit into the company budget?” before opening positions. Hiring without considering the company budget can result in the company not being able to afford to pay the employee, which can lead other legal issues in which will be discussed in the Legal Aspects of Staffing
Analyze the effects of the employment decisions proposed above from the accounting, financial, or economical standpoint; managerial standpoint and ethical points of view
Explain the importance of performing job analysis and the legal and regulatory factors that impact recruitment and staffing decisions.
First, let’s consider how employees determine whether or not to hire an employee. Employees and companies may look at the marginal revenue product. The marginal revenue product is how much money a firm earns when they a hire an additional resource or factor according to Roger
With this, the company shall consider the reasons of the skilled worker that matches the job qualifications and requirements that may be to work for the company (internal recruitment) or living in the area (external recruitment) (Dussault and Franceschini, 2006). Also, the organization should consider the financial aspects associated with any training individuals to meet the job specification or offer compensation and relocation incentives to attract qualified workers from other
employees must take in consideration age, gender, marital status, family size, health and level of
To arrive at a decision, you can develop performance standards and objectives, set aside time to observe the employee, provide feedback, and evaluate the employee.
Selecting the right employee to fill a position is one of the most challenging decision making processes a company has to make. The ultimate goal of employee selection is to hire the candidate who is most compatible not only with the organization but for the position that they are trying to fill. In order for the candidate to be successful in a particular position, their talents and personal goals must be taken into consideration and objectives need to be utilized in order to retain qualified individuals. The most common forms of selection methods are resumes and applications but testing, interviews, reference checks, honesty tests, medical exam and drug
With the acquiring of quality employees comes the assessment and development of Human Resources. Having the right people for the job is just selecting the right people to