Management 614/814

 

General Sourcing Systems
 

System

Pros

Cons

Advertising in local newspapers
  • Reaches a large and diverse amount of people
  • Relatively inexpensive
  • 95% of the applicants are not qualified
  • Superstars do not read the want ads
College recruitment
  • Brings in new ideas
  • Initial screening
  • Provides a pool of diverse applicants
  • Applicants lack supervisor experience
  • No correlation between college performance and job effectiveness
  • Costly
Job fairs
  • Initial screening
  • Provides a large pool of applicants
  • Pool of job seekers an not superstars
Advertising in professional magazines and journals
  • Reaches non-job seekers
  • 90% of readership works within human relations
  • Ad will reach superstars 
  • Timely - at least one month lapse
  • Expensive
  • Possible adverse impact
Employee referral
  • Inexpensive
  • Quick
  • Best ROI
  • Able to handle on contingency basis
  • Does not reach a large amount qualified people
  • Possible biases or nepotism
Professional personnel and human resources associations
  • Provides large pool of qualified applicants
  • Reaches applicants in a timely manner
  • Reaches non-job seekers
  • Familiarity of personality and credibility allows initial screening
  • Lacks diversity
  • Possible adverse impact
Professional conventions
  • Large pool of qualified applicants
  • Increases companies networking pool
  • Timing may not meet the company's needs
  • Can be expensive if travel is involved
Internal job posting
  • Inexpensive
  • In-house job references
  • Performance appraisals available
  • Potential for creating employee conflict
Direct mailing list
  • Directly targets qualified individuals
  • Can be costly
Employee skills inventory
  • Inexpensive
  • Quickly identifies qualified applicants
  • Performance appraisals available.
  • Encourages high performance of employees
  • May affect diversity ratio
Executive search firms/exclusive
  • Relieves company of recruitment process
  • Reaches a qualified and diverse pool of candidates
  • Placement guarantee
  • Costly when a firm is given an exclusive
  • Unable to use ongoing sourcing methods
  • Can be time consuming
  • Loss of company control
Networking
  • Allows company to present a positive image
  • Company can stay current on the status of superstars
  • Company can stay current as to what their competition is doing regarding successes and failures in the recruitment field
  • Gives the company a chance to compare the reputation of their company relative to others in like industries
  • Gives the company an opportunity to build rapport with future prospects
  • Provides a large pool of qualified applicants
  • Often takes place during non-business hours
  • Productivity may not be immediately apparent


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