As the assistant to the human resources director at Tally Group, you normally answer phones and set appointments for the director. You are interested in developing skills in HRM, and one day, your HR director presents you with a great opportunity for you to show what you can do. She asks you to analyze last year’s recruitment data to determine which methods have worked best. As you look at the data, you aren’t sure how to start, but you remember something on this from your HRM class in college. After reviewing the data in your book, you feel confident to analyze these numbers. Please go ahead and perform calculations on these numbers, then provide answers to the questions that follow. Table 4.2 Tally Group Recruiting Numbers, 2012 Method Total Number Hired Yearly Cost ($) Total Applicants Temporary placement firms 8 3,200 53 Campus recruiting 2 1,500 26 Professional association ads 10 4,500 331 Social media/company website 33 300 486 Job fair 3 500 18 Referrals 26 26,000 168 Prepare a report summarizing your findings for the recruitment cost per hire and yield ratio for each type of recruiting method. Make a recommendation to your human resource director on where the department should spend more of its time recruiting.

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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As the assistant to the human resources director at Tally Group, you normally answer phones and set appointments for the director. You are interested in developing skills in HRM, and one day, your HR director presents you with a great opportunity for you to show what you can do. She asks you to analyze last year’s recruitment data to determine which methods have worked best. As you look at the data, you aren’t sure how to start, but you remember something on this from your HRM class in college. After reviewing the data in your book, you feel confident to analyze these numbers. Please go ahead and perform calculations on these numbers, then provide answers to the questions that follow.

Table 4.2 Tally Group Recruiting Numbers, 2012

Method	Total Number Hired	Yearly Cost ($)	Total Applicants
Temporary placement firms	8	3,200	53
Campus recruiting	2	1,500	26
Professional association ads	10	4,500	331
Social media/company website	33	300	486
Job fair	3	500	18
Referrals	26	26,000	168

Prepare a report summarizing your findings for the recruitment cost per hire and yield ratio for each type of recruiting method.
Make a recommendation to your human resource director on where the department should spend more of its time recruiting.

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