The main office of a large bank has an annual turnover of 500 office workers. As...
The main office of a large bank has an annual turnover of 500 office workers. As an employment officer of this bank, discuss the sources you would use in obtaining replacement employees.
Homework Answers
Some of the various ways by which you can replace the employees(recruit new employees) are:
- Use LinkedIn, Craigslist, and Flexjobs
- local universities
- email marketing
- post jobs where your best employees found you
- Facebook ads
- Post jobs to your company website.
- Put the word out with existing employees.
- Ask current employees for referrals. etc..
but even these will not be sufficient in the long run of the business, this huge employee turnover rate will definitely affect the profitability of the company so it may be wise to have a much more advanced human resources management team and try to reduce the turnover and maximize the retention rate.
A sense of belongingness in the employees mind will give a positive impact on the profitability on o the company
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