What is Strategic Selection?
Selection is the process of selecting the best qualified candidate from a group of applicants. But Strategic selection is " linking the selection activities to company's strategic objectives, goals & culture". "Strategic selection is not a technique; it is a managerial responsibility" (Bowman & Asch, 1987). An organization can only be successful and reach its strategic objectives by employing individuals who have the capacity and desire to contribute to its mission without any force.
Strategic Selection Methods
Head hunters and recruiters using various hiring methods to select most suitable candidates for a specific job role in multiple ways. But can a recruiter check and cover all the required qualification of a candidate if you have a vey short time period for the recruitment?
Here are some basic points that need to check when strategically selecting suitable employees from a group of candidates.
- Test the job knowledge
This is a very basic and common selection method. It checked whether the candidate processes the required knowledge related to job role and does he/she has the ability to perform duties. In order to do so the companies need to implement Skill Assessment Tests.
There are some skills that the employee will learn on the job. Employers need not give these skills much importance. But, the necessary skills that the candidate requires cannot be ignored. Each job requires a different set of skills, with this, you need to assess the candidate by using another skill assessment based on the job role.
Example 1: In DFCC Bank in Sri Lanka, they use completion of internal mandatory exams (Credit certification - for credit staff, Officer In Charge Certification - for operations staff) to apply for promotions or job role changes. Further, they should have at least 1 month training in particular area if the employee requested for a job role change.
Example 2: Most of the banks requesting proof when they recruiting people from the industry. As an example when apply for project management position candidates need to submit proof for the projects that they actively participated and the success rate of those projects.
2. Well structured interviews
Structured interview is which that the interviewer asked sane set of questions for all the candidates which are previously set in a particular order. It can be helpful the interviewer to collect all the information that they need in a comparison manner. This is also known as Open-ended interviews.
This video explains latest hiring strategy called "Modern Hiring Puzzle" that most of the western companies use as a strategy to select the best candidate out of a group of applicants.
3. Internal processes and referrals
The internal process is involved to give a chance to existing employees to apply for internal vacancies for a different job role or promotion. In this case, the applicant should have the full confidence and required knowledge and competencies to perform the new job role. This is one way to streamline the recruiting process as these existing employees have already passed basic hurdles to get enter to the company & hiring managers can spend more time evaluating a few top candidates instead of looking for new options. On the other hand, it helps to increase employee retention in the company.
Employee referral programs can be internal or external. In recent days a well-known private bank in Sri Lanka started to reward employees with cash prizes for successful referral recruitments. In this program employees can nominate either internal or external people for specific vacancies which was already advertised by completing a Google form. It is also like a way of headhunting.
Example 1: "Friends-Finders" - DFCC Bank
Through this concept, existing staff members can nominate their colleagues or other external person whom they think are suitable for the advertised vacancies. (Internal Source)
4. Group interview process
Under the process recruiters can either ask same questions from a group of candidates or assign them a short term project to complete together. It can also be a group conversation also. This helps recruiters to get and understanding about the applicants, their ability to work a team, leadership skills, decision making, active participation etc.
References
Argue, M., 2015. The Importance of the Strategic Recruitment
and Selection Process on Meeting an Organizations Objectives. esource, pp.
1-74
Bowman, C. & Asch,
D., 1987. Strategic Management. In: Strategic selection. London:
Palgrave, pp. 168-191.
Indeed Editorial Team, 2023. 17 Effective Employee
Selection Methods To Consider. [Online]
Available at: https://www.indeed.com/career-advice/career-development/employee-selection-methods
[Accessed 29 July 2024]
Indeed Editorial Team, 2024. How To Create an Effective
Employee Referral Program. [Online]
Available at: https://www.indeed.com/hire/c/info/5-ways-to-create-an-effective-employee-referral-program#
[Accessed 29 July 2024]
This blog post provides useful tips for efficient staffing in the banking industry. It emphasizes how crucial strategic selection is to keeping top talent and preserving a competitive edge. It is especially important to talk about the difficulties brought about by shifting industry trends and financial circumstances. The emphasis on continuous training and development to adapt to evolving demands ensures that employees remain skilled and motivated.
ReplyDeleteFantastic article! HR practitioners in the banking sector greatly benefit from the comprehensive approach to resourcing strategies.
Yes it is indeed important to provide continues training in banking sector as many more CBSL guidelines & regulations changing frequently.
ReplyDeleteThank you for this insightful post on strategic selection. I’m particularly interested in the concept of group interview processes. But the possibility of working it out in the current work enforcement is somewhat unachievable. Thank you again for this comprehensive analysis. I look forward to more discussions.
ReplyDeleteYes I partially agree with your remark of group interviews. But nowadays most of the banks use this strategy when they are recruiting new interns to the organization. Because, school leavers who do not have any working experience can only identify properly via these kind of strategies. That is why in banking sector, HR departments save at least one month for intern recruitments and induction programs before assigning them to their designated branches or departments.
DeleteI appreciate you providing this useful article about strategic selection methods in human resources.I would like to add one more thing in strategic selection, that is ongoing training and development.Companies can invest in the professional development of their staff members not only help them learn new skills but also show that they value their professional progress, which can greatly boost employee loyalty, satisfaction, attracting and retaining employees as well.However, this article is quite interesting and helpful.Awaiting more blogs on related topics with interest.
ReplyDeleteThank you for the insightful comment! I totally agree with your remark and of cause it plays a major role when it comes to strategic selection. Most of the private banks in Sri Lanka started to invest more in employee professional development during past two years.
DeleteFurther, it also helps them to increase their loyalty to the organization and as well as it helps to enhance their self satisfaction and confident in performing the job.
Your blog provides a clear explanation of strategic selection and its importance in aligning hiring processes with company goals and culture. The emphasis on testing job knowledge through skill assessments and using structured interviews highlights effective methods for evaluating candidates. Balancing thorough evaluations with time constraints remains a key challenge in recruitment.
ReplyDeleteAppreciate your voluble comment. Testing job knowledge should done frequently in banking field as guidelines, processes & procedures have been changing according to CBSL regulations time to time.
DeleteBut how can companies ensure they are making the most strategic hiring decisions when rushed through these recruitment processes? With so many tight deadlines, can you actually expect recruiters to judge the merit and organisational fit of each candidate against their strategic goals? I end this blog by stressing to select it clears well in your strategic objectives, which brings me to an important question; how do you balance speed with a thorough selection process?
ReplyDeleteI agree with you that these strategic hiring decisions cannot be taken when you in a rush to fill the vacancy. These strategies are more suitable when you know that your company is going to have a vacancy in future: let's say like a well experienced & potential member is going to retire then you can plan well to fill that vacancy with the best one. It can be external candidate or internal candidate.
DeleteFor the final question you asked in order to balance the speed with a thorough selection, automated screening tools and outsource recruitment agencies can use.
This blog effectively outlines the concept of strategic selection, emphasizing its alignment with organizational goals and culture. The examples from Sri Lankan banks illustrate practical applications of job knowledge tests and structured interviews. The inclusion of modern hiring strategies adds depth, making it a valuable resource for understanding effective recruitment methods.
ReplyDeleteI totally agree that testing knowledge of a job is quite key in ensuring that a person has the capacity to carry out a certain assignment. In essence, this becomes very practical when the abilities of a candidate are being tested through skill assessment tests. Your examples from DFCC Bank and industry practices in the banking sector illustrate how organizations put into practice measures meant to validate the skills and knowledge.
ReplyDeleteThis article provides a clear and insightful explanation of strategic selection and its importance in achieving organizational success. This perspective is crucial for any organization directing to build a strong, mission driven team. Great read!
ReplyDeleteInternal processes and referral programs are effective ways to fill job vacancies. Allowing current employees to apply for new roles or promotions simplifies hiring and increases retention, as they are already familiar with the company. Additionally, referral programs that offer cash rewards for successful hires can help find top candidates, both internally and externally. For instance, DFCC Bank's 'Friends-Finders' program allows employees to recommend suitable candidates, making the hiring process more efficient.
ReplyDelete