Class notes

Factors that influence or affect recruitment is of 2 types   I.External factors   II. Internal factors I.External factors External factors of recruitment are the factors which affect the organization's recruitment process and cannot be controlled by the organization.  They are listed below; 1.supply and demand The supply and demand of specific skills in the labour market are one of the significant factors which affect the recruitment process of the organization. If the demand for a particular skill is high relative to the supply, an extraordinary recruiting effort may be needed by the organization and vice versa.  For example, If the demand for professionals in the company is more and the supply of professionals in the market is low then the company will have to rely on internal sources by training and developing employees. 2.Unemployment rate A high unemployment rate in a particular area makes the hiring process simpler in finding qualified individuals by provi...

1. Define company? Prof, Haney lays down, "A Company is an artificial person created by law having a separate entity with a perpetual succession and a common seal". 2. Who is a promoter? Promoter: He is a person associated with promotion work.  Justice C. Cockburn defines a promoter as - "One who undertakes to form a company concerning a given project and to set it going and who takes necessary steps to accomplish the task". The term promoter includes an individual, a firm, an association of persons or even a company. The promoter selects and settles the field, place, capital, nature of liability and name of the company. 3.What is Table-A? Meaning: Table “A" is a model set of articles given in Schedule I contain 99 rules and regulations for companies limited by shares Section 26 states that a public company limited by shares may or may not prepare its articles of association. As per Section 28(2) of the companies Act, if a public company limited by shares has...