VB Management- Recruiting, Resumes & Hiring

recruiting

The process of finding and hiring the best candidates for any given open position

onboarding

The process of orienting and training a new employee

Recruiter.com is offering a "buy one, get three free" sale on recruiting ads. The ads normally cost $80 each. What will your cost per ad be with the sale?

$80 / 4 total ads = $20 per ad

job description

A document detailing what a person who takes a certain job will be required to do

offer letter

A formal letter offering an individual a job

You are offering a job at a salary of $50,000 per year. Employer taxes (social security, unemployement, etc.) will add 9% to the cost of the employee and benefits will add 20%. What is your total expected annual cost to hire the employee?

$50,000 + .09 x $50,000 + .20 x $50,000 = $64,500

personality test

A formal or informal assessment of a candidate's personality, used to determine his or her suitability for the role

sourcing plan

A formal or informal plan by a company that identifies the ways in which a company will seek out qualified job candidates

résumé

A short document produced by job seekers to outline their skills, experience, and interests

phone screen

A telephone interview with a job candidate designed to assess whether he or she is a desirable enough candidate to go forward with an in-person interview

in-person interview

A type of job interview in which the candidate meets with company officials, usually at the employer's headquarters

needs assessment

An internal company process to determine its staffing needs

You can recruit an experienced painter for $25/hour who can paint 6 bicycles per hour. You can also recruit a less experienced painter for $18/hour who can paint 4 bicycles per hour. At least in the short term, which painter is more cost effective?

Experienced painter cost per bike = $25 per hour / 6 bikes per hour = $4.17 per bikeLess experienced painter cost per bike = $18 per hour / 4 bikes per hour = $4.50 per bikeExperienced painter is more cost effective

person specification

The distillation by a company of the type of person and the skills required for performing a role successfully

purple squirrel

The ideal candidate for an open position