Nowadays, every business organization needs employees to carrying different business activities smoothly and efficiently. Therefore, a personnel planning is an essential activity in every organization. It is an important part of an organization, because a personnel planning is a significant element for the success of the organization in the long run. To achieve an organization planed objective, it must ensure that it has right number and kind of people, at the right place and right time. In order to have the right work and rights of people, recruitment plays an important role.
Recruitment is a process to find employment and motivating them to apply for jobs in an organization. In the recruitment, a group of qualified and interested candidates is created for selection of most suitable candidates. Recruitment corresponds to the first contact that a company makes with potential employees. The purpose of recruitment is to determine present and future necessities of the organization in conjunction with its personnel planning, and to meet up the organizations legal and social duty regarding the composition of its workforce. During recruitment, information can be collected from interested candidates by different source such as newspaper advertisement and internal promotion.
Every organization has the choice of selecting the employees for its recruitment processes from internal or external supply of employees. Internal supply of employees mean filling up the vacancies from within the organization or existing employees encouraged to apply for a vacancy, the sources of internal supply of employees can be promotion and transfer, employee referrals and others. Whereas, external supply of employees imply seeking applicants for job vacancies from sources outside the organization. The sources of external supply of employees are much more plentiful, such as press advertisement, campus recruitment, walk-ins and others.
By the way, almost organizations tend to use external supply of employees, for the reason that external supply of employee enables the organization to get the best candidate. For example, Infosys more prefers external supply of employee as it is a big organization and internal supply of employees proves to be insufficient as its yearly targets are very high. Moreover, organizations believe that placed on the external supply of employees can meeting future need because these employees will bring new blood into the organization.
External supply of employees will be more benefit to an organization rather than internal supply of employees. Through external supply of employees they will brings new blood with it fresh outlook, originality and new ideas into the organization, whereas, the old habit of the organization will be replaced by the new one and the concern will become more dynamic. For example, ING hired Arkadi Kuhlmann. Before Mr. Kuhlmann joining ING, he experience consists of high-level corporate and academic...