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In: Business and Management

Submitted By basnetpravin
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Pages 28
COST/BENEFIT ANALYSIS – A TOOL TO IMPROVE
RECRUITMENT, SELECTION AND EMPLOYMENT IN
ORGANIZATIONS
Lecturer PhD Nicoleta Valentina FLOREA
Valahia University of Târgovişte, Romania
Email: floreanicol@yahoo.com
Abstract:
Human resource is a major source for organization to obtain competitive advantage and can be very important in obtaining long-term performance.
The limits of recruitment process are the cost, the choice made, time and legislation. Any organization looks for minimizing the human resources recruitment, selection and employment costs. This article presents the importance of cost in choosing the best practices of recruitment, selection, employment and integration of new employees in the organization, though, the cost is an important variable for analysis. In this article is presented the research made in large organizations from Dambovita County, Romania, and are also presented the costs and their consequences on medium and longterm over the organization activities These activities are discrimination, sexual harassment, ethics, low performance and results, by choosing the
“wrong” people, and implicitly diminishing the level of qualifications, knowledge and abilities, by growing the absenteeism, the direct and indirect costs of these processes and the direct consequences over the time management. Key words: Cost/benefit analysis, Human resources recruitment, Selection,
Employment, Efficiency, large organizations.

1. Introduction
Human factor is recognized as been one of the key factors by which is obtained the organizational success
(Porter M.E., 1990). Only anticipating and retaining those right people, an organization can obtain success into a competitive, global, dynamic and continuous changing environment (Sims
R.R., 2002).
Peter Drucker mentioned in 1992 about the nature of recruitment that
« any organization is

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