, external hires - Answer-hiring someone from outside organization; maintaining financial stability
difficult (6-12 months to regain)
lead time - Answer-begin 4-5 yrs before CEO expected to step down; begin w/in 1 yr of hiring new CEO
saves money, maintains leadership continuity - Answer-pros for lead time
loses money; takes 6-12 months for finances to regain - Answer-cons for not doing lead time
search firms = 40% annual salary - Answer-cost of recruiting
1) negligent hiring can lead to defamation
2) unemployment costs - Answer-cost of employee turnover
1) provides HR with approved personnel req (replacement)
2) provides HR with accurate job description
-- (HR gets candidates)
3) select candidates from those provided by HR
4) interviews
-- HR offers job - Answer-manager role in soliciting candidates, interviewing, & hiring employees
best done through single HR - Answer-how best to check references
done by facts & from file; specific # - Answer-how best to share information with other employers
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