Excellent recruitment and selection can transform an organization in a short period of time. The concept of human capital management is that innovation and quality arise from your human resources and not from your machines, processes, or financial instruments. In order to maximize the performance of your human resources and, therefore, your organization, you must attract, select, develop, motivate and retain the best people possible. Recruitment and selection is the cornerstone of human capital management. The Cost of the Exercise Recruitment and selection is an expensive process.
Appeals are a costly and time-consuming process that can also become quite emotive.
It should also be noted that positions with lower remuneration tend to attract a greater number of applicants. This tends to create the converse situation that lower level recruitment and selection costs more than for higher level positions. Obviously, under such circumstances, intensive investment in the recruitment and selection exercise is not justified. Recruitment and selection committees should consider more cost effective strategies. The costs of poor recruitment and selection decisions are basically the cost of having he less than optimal candidate in the position and the risk of undergoing an appeal.