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152 Business Studies of recruitment is that it reduces not up to date and many of the the cost of recruiting workforce candidates referred by them may in comparison to other sources. not be found suitable. (iii) Advertisement: Advertisement (v) Placement Agencies and in newspapers or trade and Management Consultants:  In professional journals is generally technical and professional areas, private agencies and used when a wider choice is required. Most of the senior professional bodies appear to positions of industry as well be doing substantive work. as commerce are filled by this Placement agencies provide a method. The advantage of nationwide service in matching personnel demand and supply. advertising vacancies is that more informationabout theorganisation These agencies compile bio -data and job can be given in the of a large number of candidates advertisement. Advertisement and recommend suitable names to their clients. Such agencies gives the management a wider charge fee for their services and range of candidates from which to choose. Advertisements may be they ar e useful where extensive placed in leading newspapers. Its screening is required. These disadvantage is that it may bring professional recruiters can entice the needed top executives in a flood of response, and many from other companies by making times, from quite unsuitable candidates. the right offers. Management consultancy (iv) Employment Exchange: Emp firms help the organisations to loyment exchanges run by the Government are regarded as a recruit technical, professional good source of recruitment for and managerial personnel. They unskilled and skilled operative specialise in middle level and top level executive placements. jobs. In some cases, compulsory They maintain data bank of notification of vacancies to employment exchange is required persons with different qualifica by law. Thus, employment tions and skills and even advertise the jobs on behalf of exchanges help to match their clients to recruit right type personnel demand and supply of personnel. by serving as link between job-seekers and employers. (vi) Campus Recruitment: Colleges Unfortunately, the records of and institutes of management employment exchange are often and technology have become a Reprint 2026-27