Asked by Akash Guruswamy on Mar 10, 2024
Verified
The budget is an important factor in determining which recruitment method(s) recruiters can afford to use.
Budget
An estimation of income and expenditure for a set period of time, often used for planning and controlling financial resources.
Recruitment Method
Strategies or techniques used by organizations to find and attract candidates for employment.
- Gain insight into the monetary aspects of hiring, including the costs of advertising, the expenses related to search firms, and the budgetary procedure.
Verified Answer
JL
Jericka LathersMar 10, 2024
Final Answer :
True
Explanation :
This statement is true. The budget available for recruitment will determine which methods can be used. For example, some methods like advertising on job boards or hiring a recruitment agency may be more costly than others like employee referrals or social media recruiting.
Learning Objectives
- Gain insight into the monetary aspects of hiring, including the costs of advertising, the expenses related to search firms, and the budgetary procedure.