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Cost/Benefit Analysis – A Tool To Improve Recruitment, Selection And Employment In Organizations

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  • Nicoleta Valentina FLOREA

    (Valahia University of Târgoviste, Romania)

Abstract

Human resource is a major source for organization to obtain competitive advantage and can be very important in obtaining long-term performance. The limits of recruitment process are the cost, the choice made, time and legislation. Any organization looks for minimizing the human resources recruitment, selection and employment costs. This article presents the importance of cost in choosing the best practices of recruitment, selection, employment and integration of new employees in the organization, though, the cost is an important variable for analysis. In this article is presented the research made in large organizations from Dambovita County, Romania, and are also presented the costs and their consequences on medium and long-term over the organization activities These activities are discrimination, sexual harassment, ethics, low performance and results, by choosing the “wrong” people, and implicitly diminishing the level of qualifications, knowledge and abilities, by growing the absenteeism, the direct and indirect costs of these processes and the direct consequences over the time management.

Suggested Citation

  • Nicoleta Valentina FLOREA, 2013. "Cost/Benefit Analysis – A Tool To Improve Recruitment, Selection And Employment In Organizations," Management and Marketing Journal, University of Craiova, Faculty of Economics and Business Administration, vol. 0(2), pages 274-290, November.
  • Handle: RePEc:aio:manmar:v:xi:y:2013:i:2:p:274-290
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    More about this item

    Keywords

    Cost/benefit analysis; Human resources recruitment; Selection; Employment; Efficiency; large organizations;

    JEL classification:

    • M12 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Personnel Management; Executives; Executive Compensation
    • M50 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - General

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