How to manage human capital

Project Report from the year 2012 in the subject Business economics - Business Management, Corporate Governance, grade: A, The University of Liverpool, language: English, abstract: Recruitment and selection are the processes of human resource management that are applied in organization for fulfilling its human resource needs. In this report, recruitment and selection processes adopted in Sainsbury and Tesco have been discussed and compared. This report also discusses the importance of recruitment and selection for the organizations. Only secondary data has been included in the report for the evaluation of its aims and objectives. Through company reports and articles, recruitment and selection processes in both organizations have been discussed and compared. The findings of the report suggest that recruitment and selection in both organizations has been developed in terms of a structured activity. At Tesco, internal and external sources of recruitment are used for fulfilling existing posts in the organization. It relies on internal sources more than on external sources. Television, radio, newspapers and internet ate preferred tools of recruitment by Tesco. It also allows candidates to drop their resume in stores for further selection process. On the other hand, Sainsbury relies on internal and external recruitment tools, equally. Internally, existing employees are assessed for promotions on higher levels in the organization. Through external sources, Sainsbury attracts suitable employees from website and assessed the suitable candidates through several tests and interviews. By comparing the recruitment and selection strategies of both organizations, it is found that Tesco has adopted costly and time consuming strategies. Moreover, its store recruitment strategy does not ensure selection of suitable candidates. On the other hand, Sainsbury is cost effective in its strategies but these strategies can be time consuming. It is recommended that Tesco needs to rely adopt cost effective mechanisms for recruitment and selection. On the other hand, Sainsbury need to shorten its time of final selection.