Sources of Recruitment Video Lecture | Business Studies (BST) Class 12 - Commerce

Ans. In commerce, the different sources of recruitment include internal recruitment, external recruitment, employee referrals, job portals, and recruitment agencies. Internal recruitment involves promoting or transferring existing employees within the organization, while external recruitment involves hiring new employees from outside the organization. Employee referrals refer to recruiting individuals who have been recommended by current employees. Job portals and recruitment agencies are external sources that help in finding and attracting suitable candidates for job vacancies.

Ans. Internal recruitment benefits commerce organizations in several ways. Firstly, it helps in identifying and utilizing the talents and skills of existing employees, which can lead to increased employee satisfaction and motivation. Secondly, internal recruitment can be cost-effective as it eliminates the need for external hiring processes such as advertising and conducting interviews. Additionally, internal recruitment promotes career development opportunities for employees, leading to higher retention rates and reduced turnover. It also ensures a smooth transition for employees in new roles as they are already familiar with the organization's culture and processes.

Ans. Job portals play a significant role in the recruitment process in commerce. These online platforms act as a bridge between job seekers and employers, allowing organizations to advertise job vacancies and attract potential candidates. Job portals provide a wide reach, enabling companies to access a larger pool of talent beyond their geographical limitations. They also offer features such as resume databases, applicant tracking systems, and screening tools, which streamline the recruitment process and help organizations identify suitable candidates more efficiently. Job portals have become an essential tool for both employers and job seekers in the commerce industry.

Ans. Recruitment agencies play a crucial role in the hiring process in commerce. These agencies specialize in sourcing, screening, and selecting candidates on behalf of organizations. They have access to a vast network of potential candidates and expertise in understanding the specific requirements of different roles in commerce. Recruitment agencies save time and effort for organizations by handling tasks such as advertising job vacancies, conducting initial screenings, and shortlisting candidates. They also provide valuable insights and recommendations to organizations during the recruitment process, helping them make informed hiring decisions.

Ans. Employee referrals have several advantages in the recruitment process in commerce. Firstly, referred candidates are often of higher quality as they are recommended by current employees who have firsthand knowledge of the organization's culture and job requirements. This increases the chances of hiring suitable candidates who can quickly adapt and perform well in the organization. Employee referrals also help in reducing recruitment costs as organizations can avoid expensive external advertising and hiring processes. Additionally, referred candidates tend to have higher retention rates and job satisfaction, contributing to a positive work environment and employee engagement.