MGT 262 Lecture 17: Selection & Determining Compensation
22 Aug 2018
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Numerous studies have been done w/ various results: majority of studies have found it costs an average of ,000 to hire a new manager, some of the things that contribute to that cost are: Costs related to lack of productivity while new employee gets up to speed. R sum s are reviewed & ppl who closely match right skills are selected for interviews: many organizations perform phone interviews first so they can further narrow the field. Hr manager is generally responsible for setting up interviews: they determine interview schedule for a particular candidate, the more senior the position is, the longer interview process takes, can go up to 8 weeks. After interviews are conducted, there may be extra testing that will need to be performed before an offer is made to the new employee: reference checks, background checks. Once the applicant has met all criteria, hr manager will offer selected person the position: determining compensation:
