Online Recruitment and Selection (ORS) is very cost and time effective

1. Md Arman
Online Recruitment and Selection (ORS) is very cost and time
effective

2. ►Introduction
Ⅰ
►Literature review
Ⅱ
►Methodology
Ⅲ
►Findings
Ⅳ
►Discussion
Ⅴ
ⅤI ►Conclusion

3. s
01
Introduction
We enter a new world

4. 1 .1
Web 2.0.: 2005
Web 3.0.: 2020
B a c k g r o u n d
I n t r o d u c t i o n

5. 1 2 3
Age Race Gender
1 .1
Background
4 5
Status Region
Global village
I n t r o d u c t i o n

6. Internet
Became a
Jungle of
both
1 . 2
Research Problem
Source
I n t r o d u c t i o n

7. New Addition is Social Networks
1 . 2
Research Problem
I n t r o d u c t i o n

8. Which offer more confusions to find
out the best recruitment sites
1 . 2
Research
Problem
I n t r o d u c t i o n

9. To review
and
Summarize
Benefits
of
Money
1 . 3
Research
Objectives
Time
Saving
From previously
published literatures
I n t r o d u c t i o n

10. To what extend the ORS
is cost and time
effective?
Is this process a better
alternative to the traditional
recruitment process? How?
Question 1
Question 2
1 . 4
Research
Questions
I n t r o d u c t i o n

11. Literature
Review
Methodology Findings Discussion
1 . 5
Outline
of
Presentation
02 03 04 05 06
Conclusion
I n t r o d u c t i o n

12. Hiring people by
using the
internet
02
Literature Review
Galanaki (2002)
We call it “Green Recruitment”
To identify & attract
potential employees
ORS is a process for
selecting the right
candidates online

13. 2 . 1
Features of OR sites
Literature review
Aesthetics Usability
Color
Font
Picture
Resulation
Comfort
01 02
Information
available?
Meet objective?
structured?
Easy navigation?

14. Advantages of ORS
Low
cost
WW
applicants
Better
quality
Quicker
good org
image
Market
niches
Prized
catch
1 2 3 4 5 6 7
2.2

15. Disadvantages of ORS
1 2 3 4
Integrated
recruitment
process
needed
Internet is
not yet the
first option
for the
majority of
job seekers
Suitable
for IT
jobs and
for young
graduates
Effective for
already-
known
companies
5 6
2.2
Involves
higher risk
of overload
of answers
ORS
implementa
tion implies
an extra
effort

16. Cloud Message Message Application Media Price
Marketing Laptop Camera Desktop Searching Cloud
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Social networking sites and ORS
2.3

17. Pros & Cons of Social Media Recruiting
Users get real-time alerts It draws attention to new messages
Rapid clarification of requirements eligibility Build long-term professional relationships
Pros of Social Media Recruitment
Exploitation of information Need to be up dated in regular basis
Lack of Secracy & Ethics Some Org. do no like people from diverse regions
Transparency of information is questionable Profile information is limited
Cons of Social Media Recruitment

18. Methodology
1. Qualitative research, using meta-data from the
past scholarly research and articles
2. We searched several databases, mostly
Business and Computer oriented and
International conference papers
i. Research Style
1. We used the key words Internet, website,
online, attraction, work, e-recruitment for
searching degital material for inclusion in the paper
2. We followed Deductive Approach to generate
the list of proposed items through the review of the
previous literature
ii. Searching Style
1. We looked for the materials in ResearchGate,
CrossMark, and some common publishing
platforms like Springer, Elsevier, academia.edu,
and Sage Journals, Emerald Insight, Macrothink
and EBSCOHost databases
2. We also reviewed the reference lists of other
summaries
iii. Specific Search
1. We randomly identified 110 research, both
empirical & non-empirical and excluded most
non-empirical articles.
2. After evaluating based on the inclusion criteria,
we selected 70 research papers and a website
iv. Identification & inclusion
3

19. Cost and time are independent variables for ORS
4 Findings

20. 4 Findings
Because it reduces operational costs, printed
material costs, authoritative costs, use of
magazines and daily newspaper costs
ORS is almost free
ORS makes the recruitment process more
concise, compelling, and cost-effective

21. 4 Findings
Condition: for saving cost, the advertisement needs to
be posted in the own portal of the company
But before ORS system, finding the best cadidates
through HR agencies cost 20% of first year salary of an
employee
Posting a job vacancy on the company's
own website does not cost anything

22. Assuming:
Cτ = average time of traditional
recruitment
Cg = average time of online
recruitment
Kp = total cost of recruitment
platform preparation
K = remuneration per hour for a
recruitment specialist
∆ = per hour savings
N = number of potential candidates
Equation 1: Per-hour savings
∆ = (Cτ - Cg) . K
Measuring the efficiency of Money savings
4

23. Assuming:
Cτ = average time of traditional
recruitment
Cg = average time of online
recruitment
Kp = total cost of recruitment
platform preparation
K = remuneration per hour for a
recruitment specialist
∆ = per hour savings
N = number of potential candidates
Equation 2: Total savings (∆*).
N participates
∆* = (Cτ - Cg) . K. N
Measuring the efficiency of Money savings
4

24. Assuming:
Cτ = average time of traditional
recruitment
Cg = average time of online
recruitment
Kp = total cost of recruitment
platform preparation
K = remuneration per hour for a
recruitment specialist
∆ = per hour savings
N = number of potential candidates
Equation 3: Total savings (∆**).
Including the total cost o’preparation
∆** = (Cτ - Cg - Kp/N) . K . N
Measuring the efficiency of Money savings
4

25. Assuming:
Cτ = average time of traditional
recruitment
Cg = average time of online
recruitment
Kp = total cost of recruitment
platform preparation
K = remuneration per hour for a
recruitment specialist
∆ = per hour savings
N = number of potential candidates
Equation 4: Assessing the break-even
point of creating a recruitment platform,
if N meets the 4th eqtn, N is greater
N > (Cτ - Cg)/{(∆**/ K) + Kp}
Measuring the efficiency of Money savings
4

26. A large pool of candidates should be recruited at a time
But one condition
4

27. Measuring the efficiency of Time savings
Communication
is direct, faster,
and immediate
Both sides can
post
requirements &
CVs 24 hrs
1st filtering
done
automatically
Manual
documentation
i.e.collecting &
sorting CVs is
reduced
Research: days
reduced from 70
to 37 & from 32
to 16
4

28. V = A + BX
V = the value of the dependent
variable (Adopting ORS)
A = (Alpha) the intercept or constant
B = the slope (Beta Coefficient) for X
X = independent variable (MinCost&Time)
Mathematical Framework
4
Dependent variables are related to independent variables

29. Overal view: ORS
reduces Cost & Time

30. a
if it’s increased,
Cost & Time
increase too

31. Limitations of the study
This paper deals with only
generalized ORS. No specific
country or company was not
taken as research ground
05
Discussion
This is NOT an empirical
research. Only meta-data were
analysed
This paper focuses only on the
time and money-saving
approaches of ORS leaving all
other variables behind
This study was conducted on the
theoretical level, not on the on-
ground practice
A limited number of research
was chosen for data mining

32. Discussion on the finding
Nothing is free but researchers
tend to say ORS is free of cost.
Creating & maintaining
websites cost a lot. They may
discuss one-sided effect or
ignoring other side behind.
Posting an advertisement on
social media network &
continuing it costs thousand $.
The word limit is not unlimited.
ORS may demand more time if
professionals of an org. are
ICT illiterate. There might be
people who and anti-internet.
5

33. Need more empirical & quantitative research
Recommendations for further research
Need to test fairness & discrimination of algorithm for ORS
Need to know indvdl’s emotional reaction about ORS
Need research on liability & reliability of ORS

34. Presented by Group 3
HRM 502