Human Capital
This is the definition of human capital.
What is the firms repository of valuable knowledge and skills their employees posses?
This is how a company effectively plans out a strategy.
What is comparing a company's human resources strategy to their financial resources and organizational structure to determine how many employees they need?
These are the two types of recruiting for job positions.
What are internal and external?
Name the kind of information companies are looking for when collecting data on their applicants.
What is qualitative and quantitative information?
This is a vital resource for a corporation as the market for employees strengthens and becomes more competitive.
What is human capital?
These are two things companies are competing for.
What are markets and talent?
This is the source of recruiting of the two previously listed which is much cheaper.
What is internal recruitment?
Name one way in which everybody in this room has gone through the talent selection process.
What is applying for/being accepted to a college?
The other type of capital which firms use to get a competitive advantage in outsourcing.
What is social capital?
This is the definition of a planning forecast.
What is a strategy used by companies to determine things such as the roles employees fill, deciding on whether a firm will produce a product or service, shift towards newer technology, acquire a business, downsize, etc..?
These are some of the downsides to external recruiting.
What is higher cost of recruitment, potential to lead to internal equality issues, higher cost, productivity not guaranteed, etc..?
This is the definition of an 'ability test.'
What is a form of assessing talent, typically used by low to mid level employers, in which the candidate is given a set period of time to answer problems related to the position they're applying for.
This is why human capital is so important.
What is a growing competitive market which allows for the widespread distribution of applications and vast amounts of people competing for the same position.
This is the definition of job analysis.
What is a key component in successful HR planning which provides more precise job descriptions through analyzing information about specific job tasks?
What is a realistic job preview?
These are just some of the ways in which employers learn about their potential employees.
What are resumes, references, online/face to face interviews social media, etc...