HR Practice For Payroll Practitioners

HR Practice for Payroll Practitioners

Recruitment & Selection

Recruitment and selection is a fundamental human resource activity in any organisation. It is about finding and selecting the right person for the job. If your business does not get this right it can cause substantial continuing problems that can be costly in terms of money, time and resources. Recent research shows if you hire the wrong person it can take up to twice the person’s salary to remove them. So this is why getting it right first time is important.

Recruitment and selection are linked processes but quite separate. The differences are:

• Recruitment involves the search for potential employees who will aid the organisation in achieving its goals.

• Selection is about collecting information on the potential candidate in regard to their suitability and “fit” with the organisation.

In a nutshell recruitment and selection is for the purpose of:

“Best person, Best fit”

Latest research shows that if the wrong selection choice is made it can cost the business up to 3 to 6 times the employees salary to remove them.

This is why it is important to spend time on getting the right person to start with.

© New Zealand Payroll Practitioners Association, Sep 2024, Ver 12

51