RECRUITMENT: Human capital
Recruitment takes time, money, resources and effort for organisations of any size, so it follows that it must be carried out effectively in order to attract and employ the right kind of candidates quickly and efficiently.
According to Geoff Armstrong, director general of HR trade body the Chartered Institute of Professional Development (CIPD), Having the right person, in the right place, at the right time, is crucial to organisational performance. Recruitment is a critical activity.
Employing individuals with the wrong skill-sets or expertise can obviously prove disastrous, wasting time and effort in the recruitment process and resulting in poor performance if the wrong candidate is appointed. In the worst-case scenario, the company may be forced to remove the individual and begin the recruitment process from scratch, at significant cost. Therefore, getting it right first time is vital.