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Advantages:
- It's cheaper and faster to recruit staff internally than it is externally as it leverages
employees that you already have.Also, research has shown that external hiring may
cost 1.7 times more than internal recruitment.
- It will cause a deficit in the old position of the person you are repositioning, which
will cause you to lose extra cost and time.
- Doing most of your hiring from inside your business may result in a stagnant culture.
- The main subject of the video is the effects of using artificial intelligence in
recruitment. For example, a person works in a company but does not like the job he
works for. So he is looking for a job to love in his spare time. After finding the job, he
leaves where he worked. Then the company he left is looking for a new employee to
fill his position, losing time in this time and using other employees to fill that deficit.
Overtime of other employees disturbs them and they decide to leave. Thus, it causes
too many personnel shortages in the company and causes more time and financial
damage. But, as the woman explains in the video, it can be much better for both
employees and the company if artificial intelligence is used to find out in which areas
the person has the talent in recruitment and that it will perform a more effective job.
4. How have companies responded to the coronovirus
pandemic? Support your answers with evidence from one
company example.
-Most companies have closed their stores in other countries or suspended them for a
certain period of time. The biggest examples, Starbucks, closed more than half of its
branches in China. IKEA has decided to close its stores in China. Volkswagen
stopped production at its factories for two weeks.
4.1. What challenges are companies facing at the moment?
-Many factories or production sites are experiencing financial decline as they stop
working. In addition, since the workers do not work in the factories where production
is made, it seriously challenges the structure of the companies. If this situation
continues, we can even see companies sinking.
-They also have difficulty running their business because they are not prepared for
such a situation. Especially microsoft and apple announced that they are in financial
decline.
4.2. What solutions are they applying?
- First of all, they protect their employees. Most companies continue their business
online.
- Google, Microsoft, Twitter. Hitachi, Apple, Amazon. Chevron, Salesforce, Spotify.
From the UK to the USA, from Japan to South Korea, all of them have started
implementing forced labor policies from home with the spread of Covid-19 in the past
few days.
- Airlines have suspended the flights.
- They increase work in the field of artificial intelligence and machine learning.
https://theinvestorsbook.com/sources-of-recruitment.html
https://www.weforum.org/agenda/2020/03/how-are-companies-
responding-to-the-coronavirus-crisis-d15bed6137/
https://tr.wikipedia.org/wiki/2019-20_koronavir%C3%BCs_pandemisi
https://www.youtube.com/watch?v=DiaZsat2rwM
https://www.bbc.com/worklife/article/20200312-coronavirus-covid-
19-update-work-from-home-in-a-pandemic
Emre BOYALI
160201013