9. Comparative Study Of Recruitment and Selection Methods Western financial company prospective Job Analysis Assessments' Job Description Leading towards Selection Interviews Personality Tests Sources References and Relevant Experience Advertisement
10. Comparative Study Of Recruitment and Selection Methods Eastern financial company prospective Referrals Job Analysis Interviews Job Description Leading toward Selection Sources / Print Media Discriminatory Elements Assessment and Testing Advertisement
12. Comparative Study Of Recruitment and Selection Methods Example In United kingdom
13. Key Challenges in Global Recruitment and selection Cost Advertising cost External recruiting agencies Hiring cost Cost of labour turn over Time factor Improper job evaluation Incomplete job description Improper person specification
14. Key Challenges in Global Recruitment and selection Discrimination Gender Ethnicity and Religion Age Technology
15. HRM Strategy & Implementation Recruitment and Selection process success depends on company ability to adjust to local conditions or particular region. HRM practices in Egypt: the influence of national context investigate problem of culture influence. Adoption of practices consistent with the traditions of the socio-cultural context should be implemented.(Leat, EL-Kot, 2008).
16. HRM Strategy & Implementation External forces and pressures can influence selection & recruitment process Candidate Recruitment and Selection in Latin America (Siavelis, Morgetstern, 2008) demonstrates developing economies governments often have its stake of interest, therefore, may apply pressure by enforcing strict rules.
17. HRM Strategy & Implementation Government rules may require foreign company to recruit and select from localcandidate pool which lacks relevant skills. On the other hand, recruiting and selecting from local labour assists in positioning foreign company as local and helps to build trust among community. Moreover, recruitment patterns in the republic of Korea indicate foreign businesses tend to recruit workers who possess local context knowledge. ( Lovell, Lee, Hui Sok, 2007).
18. HRM Strategy & Implementation Recruitment approaches differ geographically E-recruitment, website recruitment is less effective in developing countries because people less experienced at dealing with technology. However e-recruitment, professional agencies and associations approaches tend to dominate within the developed economies.
19. HRM Strategy & Implementation Techniques for Financial Organisation which assist in creating valid and reliable assessment Ability Test ( general IQ, computer knowledge) Valid and reliable assessment can be achieved through open interviews. Perform credit check, criminal record check if possible
20. References Armstrong M. (2003) Handbook of Human Resource Management Practice. 9th Edition. Published by Kogan Page. Brantton J. & Gold J. (2003) Human Resource Management Theory and Practice. 3rd Edition. Published by Palgrave Macmillan. Leat M. & El-Kot G. (2007) HRM practices in Egypt: the influence of national context? International Journal of Human Resource Management 18:1 January 2007 147–158. Business Source Premier [Online] Available at: http://library.beds.ac.uk (Accessed: 14th November 2009). Lovell, John P.; MunHuiSok; Young Ho Lee.(2007) . Recruitment Patterns in republic of Korea. Journal of Comparative Administration, Feb70, Vol. 1 Issue 4, p428, 27p. Business Source Premier [Online] Available at: http://library.beds.ac.uk (Accessed: 14th November 2009). Siavelis, Peter M.; Morgenstern, Scott. (2008). Candidate Recruitment and Selection in Latin America: A Framework for Analysis. Latin American Politics & Society, Winter2008, Vol. 50 Issue 4, p27-58, 32p. Business Source Premier [Online] Available at: http://library.beds.ac.uk (Accessed: 14th November 2009).
Editor's Notes
Power Distance Index (PDI) that is the extent to which the less powerful members of organizations and institutions (like the family) accept and expect that power is distributed unequally. This represents inequality (more versus less), but defined from below, not from above.Individualism (IDV) on the one side versus its opposite, collectivism, that is the degree to which individuals are inte-grated into groups.Masculinity (MAS) versus its opposite, femininity, refers to the distribution of roles between the genders which is another fundamental issue for any society to which a range of solutions are found.Uncertainty Avoidance Index (UAI) deals with a society's tolerance for uncertainty and ambiguity; it ultimately refers to man's search for Truth. Long-Term Orientation (LTO) versus short-term orientation: this fifth dimension was found in a study among students in 23 countries around the world, using a questionnaire designed by Chinese scholars It can be said to deal with Virtue regardless of Truth. Values associated with Long Term Orientation are thrift and perseverance; values associated with Short Term Orientation are respect for tradition, fulfilling social obligations, and protecting one's 'face'.
Power Distance Index (PDI),Individualism (IDV),Masculinity (MAS),Uncertainty Avoidance Index (UAI), Long-Term Orientation (LTO)
![Impact of Cultural Variations On International Recruitment and Selection Methods (with prospective of financial organizations) Presenters and Task Assigned ,[object Object]](https://image.slidesharecdn.com/finalpresentation-110225043912-phpapp01/85/HRM-Cultural-presentation-1-320.jpg)
