Articles written by Human Resource Specialists were referenced for the majority of information that has been gathered regarding the selection process. In order to gather information that was current and of the highest quality, I found it beneficial to look at the industry professionals in the area of hiring new employees. The first step explained in this paper pertains to checking the references of each applicant in order to expand on any questions that may arise and acquire a further understanding of who the candidate is as an employee. Following this discussion is an explanation of how important it is to involve employees in the selection process. In addition, decision making strategies and methods are explained to allow a further understanding on how to select the right employee for the position available. Every company is different and can use a variety of tactics to be successful when selecting a new candidate. Having a management team that is aware of these techniques can help build a strong workforce that will benefit a company for the long term.
The history of the selection process has adapted over the years and can mainly be attributed to new laws and procedures that have been adopted by management staffs. High costs and turnover rate has caused companies to evolve their hiring processes in order to be more efficient. Hiring the wrong person can be an expensive mistake that could cost a firm as much as one half to four times the employee’s yearly salary and benefits (Employee Selection, n.d). Bad hiring practices has the ability to take capital away from essential areas of the business.
In order to hire quality talent the management staff needs to be able to analyze the data available to make the right decisions. It’s not always about asking the right questions or seeing who’s more qualified on paper. According to a study conducted by Harvard University, reports state that 80% of employee turnover can be attributed to mistakes made at some point in the selection process (Employee Selection, n.d). History has shown, successful hiring by managers is achieved when they can match an individual that is qualified to perform the duties of the job as well as fitting into the culture of the workplace. Being able to recognize if someone will be able to fit into your culture is essential to figure out early in the selection process.
External factors have also played a huge role in the selection process. Nowadays, more young adults are receiving further education that in the past wouldn’t have been fiscally possible for a large amount of people. As more people graduate from college and enter the workforce, management will be presented with a greater issue. A survey conducted by Challenger, Gray, and Christmas of 100 HR professionals stated that they would be hiring from approximately 1.8 million college graduates in 2014 (Cook, 2014). As you can see, it’s extremely important to establish guidelines to select the best...