Explain job biding in Human resource management
Job bidding in human resource management refers to the process of allowing current employees within an organization to apply for open positions within the company before they are made available to external candidates. This can be done through an internal job posting system where employees can view and apply for open positions that match their skills and experience.
Job bidding is often used as a way to promote internal mobility and career growth within an organization. It allows employees to pursue new opportunities and challenges within the company, which can help with retention and employee satisfaction.
Employers benefit from job bidding as well, as they can potentially save on recruitment costs by filling open positions with existing employees who are already familiar with the company culture and processes. It also helps to build a strong internal talent pipeline and can boost morale among employees who see opportunities for advancement within the organization.
Overall, job bidding is a valuable tool in human resource management for promoting employee development and engagement, while also helping organizations to fill open positions with qualified and motivated individuals from within their own workforce.