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Sustainable Sources of Reducing HR Costs in the Pandemic Time: E-Recruitment and Nonfinancial Compensation – A Mathematical and Accounting-Based Approach

Sustainable Sources of Reducing HR Costs in the Pandemic Time: E-Recruitment and Nonfinancial Compensation – A Mathematical and Accounting-Based Approach

Nicoleta Valentina Florea (Valahia University of Targoviste, Romania), Constantin Aurelian Ionescu (Hyperion University of Bucharest, Romania & Valahia University of Targoviste, Romania), Marinela Daniela Manea (Valahia University of Targoviste, Romania), Mariana Zamfir (Valahia University of Targoviste, Romania), Mihaela Denisa Coman (Valahia University of Targoviste, Romania), and Sorina Geanina Stanescu (Valahia University of Targoviste, Romania)
Copyright: © 2022 |Pages: 32
DOI: 10.4018/978-1-6684-4595-2.ch007
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Abstract

In a world where use of technology is not an option but a necessity, where new forms of work appear constantly, where change is everywhere and people must keep their distance from each other due to the pandemic, organizations must adapt and use new processes governed by using new technologies. In a sustainable environment, e-recruitment and non-financial compensations become the new tools to maintain performance and lower costs during a pandemic. Using bibliometric analysis, regression function, and correlation matrix, the authors obtained results for Romania and the top three countries, which indicated that e-recruitment is influenced by the use of the internet and availability of computers and productivity; the relations and the correlation between the analyzed variables are measured using simulation and mathematical modeling. The results indicate that there are benefits for individuals, for organizations, and also for environmental protection.
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Background

Human capital is perceived as the most valuable asset of an organization. Attracting, retaining, and growing the human capital asset became a strategic objective for efficient organizations. Recruitment is a strategic process which helps firms attract and retain talented staff. In a world where technology’s impact is expanding every day, new processes appeared which help employees and companies, including e-recruitment. If those interested in this process have a computer with an internet connection, they can communicate globally and recruit efficiently (Fielding, 2005). The Internet is becoming the most used communication tool in the world (Newsome, 2007) and especially in this time.

Recruitment is a strategic activity (Barraud et al., 2008), seen as the most visible outside the company (Cadin et al., 2009), and the entire performance of the company depends on its efficiency. By attracting talented candidates (van Esch et al., 2021; Guillot-Soulez, 2009), learning how to retain them (Sims, 2002) and analyzing their knowledge objectively (Lakhdar et al., 2001), a company will obtain a competitive advantage in a changing environment (Cornet & Warlaud, 2008).

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