Which source of recruitment is needed to bring new blood in the organisation? Explain any three advantages and two limitations of this source.
External source of recruitment is needed to bring new blood in the organisation.
Advantages and limitations of external sources :
(i) Qualified personnel An organisation can attract highly qualified personnel through external sources.
(ii) Wider choice External sources create a large pool of candidates to choose from, for the organisation.
(iii) Fresh talent External sources helps to bring fresh talent or new blood into the organisation.
(iv) Competitive spirit New entrants and qualified freshers creates competitive spirit and helps to improve performance.
External sources of recruitment suffer from the following disadvantages:
(i) Dissatisfaction among existing staff Recruitment from external sources may create dissatisfaction among the existing staff as their chances of promotion are reduced.
(ii) Lengthy process Recruitment from external sources involves a lot of time and efforts of the manager.
(iii) Costly process Recruitment from external sources involves a lot of expenditure on advertising, selection and other processes.