Business Essentials (12th Edition) (What's New in Intro to Business)
12th Edition
ISBN: 9780134728391
Author: Ronald J. Ebert, Ricky W. Griffin
Publisher: PEARSON
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Question
Chapter 10, Problem 10.1QR
Summary Introduction
To explain: The pros and cons of internal and external recruiting and the appropriate situation for both.
Expert Solution & Answer
Explanation of Solution
Internal recruiting:
Advantages:
- It builds morale and provides motivation to employees when peers see other peers get promoted.
- The process of teaching the culture of the business is not required.
Disadvantages:
- It may lead to new fewer ideas.
- It will create a new opening in the firm that requires recruitment process.
- It could create resentment among other employees because of the reason that other employees are being promoted.
External recruiting:
Advantages:
- It brings new ideas and knowledge into the firm.
- It increases workforce diversity.
- It can give a new idea about the marketplace and the competition present.
Disadvantages:
- It will lead to training costs.
- Temporary efficiency loss.
- Loss of morale.
Internal recruiting will be more suited to a situation where there is very much to learn from outside as the firm itself has tremendous knowledge of the business. External recruiting will be more suited in a situation when the company needs new ideas and direction to make a considerable impact changes to its fortunes.
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Chapter 10 Solutions
Business Essentials (12th Edition) (What's New in Intro to Business)
Ch. 10 - Prob. 10.1QRCh. 10 - Prob. 10.2QRCh. 10 - Prob. 10.3QRCh. 10 - Prob. 10.4QRCh. 10 - Prob. 10.5QACh. 10 - Prob. 10.6QACh. 10 - Prob. 10.7QACh. 10 - Prob. 10.8QACh. 10 - Prob. 10.10AECh. 10 - Prob. 10.11A
Ch. 10 - Prob. 10.12ACh. 10 - Prob. 10.13ACh. 10 - Prob. 10.14ACh. 10 - Prob. 10.15ACh. 10 - Prob. 10.16TECh. 10 - Prob. 10.17TECh. 10 - Prob. 10.18TECh. 10 - Prob. 10.19TECh. 10 - Prob. 10.20TECh. 10 - Prob. 10.21EECh. 10 - Prob. 10.22EECh. 10 - Prob. 10.23EECh. 10 - Prob. 10.24CCh. 10 - Prob. 10.25CCh. 10 - Prob. 10.26CCh. 10 - Prob. 10.27CCh. 10 - Prob. 10.28CCh. 10 - Prob. 10.29CCh. 10 - Prob. 10.30C
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