Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Why is it so important to make the right decision when hiring a new employee, especially when you are filling a position in an international

Why is it so important to make the right decision when hiring a new employee, especially when you are filling a position in an international company? Consider, for example, the costs for hiring a replacement if the individual selected does not work out. There are generally eight categories of costs you need to consider when hiring on a national basis:

  1. advertising job availability
  2. pre-employment administrative functions (e.g., review of applications, checking references)
  3. interviews(e.g., travel expenses for candidate, staff time, etc.)
  4. testing (e.g., aptitude, personality)
  5. staff meetings (some positions require meetings with HR and department holding the vacant position
  6. travel/moving expenses for individual who is hired
  7. processing new employeese.g., costs of setting up the employee's records in the HR information system, counseling about pay and benefits and enrolling employees in benefit programs
  8. medical exam, if necessary

These items don't include the costs of orienting and training new employees. In calculating the costs of training, most organizations will need to consider the costs of both the formal and informal instruction a new employee needs to become effective in the job. In calculating the informal cost, you need to develop an estimate of the amount of time employees spend in "helping out" the new person. You need to consider the impact on the productivity of the experienced worker and the cost, if productivity falls.

Given this, what would you use as a guideline in filling international openings?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

General Aviation Marketing And Management

Authors: C. Daniel Prather

3rd Edition

9781575243016

More Books

Students also viewed these General Management questions