Cambridge IGCSE Business (0264) syllabus reference: 2.1.1 to 2.1.3
Stages: identify the vacancy - write a job description - write a person specification - advertise (newspapers, online job sites, social media, employment agencies, notices inside the business) - shortlist - select.
Selection methods: CV/resume, application forms, references, tests (skills, aptitude, personality), assessment centres and interviews. Businesses often combine several methods.
| Advantages | Disadvantages |
|---|---|
| Cheaper and quicker | No new ideas or skills |
| The person already knows the business | Creates another vacancy |
| Managers know the person's abilities | Other employees may be jealous |
| Motivates others - promotion is possible | Smaller choice of applicants |
| Advantages | Disadvantages |
|---|---|
| Brings new ideas and experience | Expensive and slower |
| Wider choice of applicants | Applicant is less well known |
| May bring skills the business lacks | May demotivate existing employees who wanted the job |