BUSINESS AND SOCIETY - Essay Example

Furthermore, I am able to give the appropriate pre-screening tests for shortlisting candidates in view of the job nature. Following this, I may now proceed with the recruitment process. To be able to minimize the hassles relative to recruiting, I may opt to contract the services of a recruitment agency which has the database or pool of potential employees. However, such recruitment method entails relatively higher cost as compared to other methods. Aside from this, I may also choose to advertise the job opening in the newspaper or internet job websites to attract prospective applicants.

I can also resort to the referrals of my colleagues, friends or relatives. After the recruitment stage, I may now proceed with the selection process. To ensure that candidates' qualifications match the job requirements, shortlisted applicants would be asked to fill-up application forms or submit their resumes. In this forms, they may be asked to provide references such as previous employers so that I may be able to conduct character check. At this stage, it is also common to conduct interviews and psychometric testing in order to gauge the abilities and attitude of applicants.

These procedures are vital in evaluating whether an applicant is fit for the job and able to adapt to the organizational culture. As a small business owner, I would need t. This payment method, I believe, is the most convenient for me since this would easily settle transactions. Furthermore, this has no extra cost on me unlike the other payment methods. However, cash payments may not be the most secure mode since it increases the risk of theft and tempts criminals and dishonest employees. Apart from this, I will also be accepting credit card/debit card payment.

This is said to be the most secure payment mode for merchants because payments are backed up by bank guarantee. The downside to using this payment scheme is that credit card companies or banks charge merchants about 2-3% for processing payments. In a way, this contributes to revenue risk because it is an additional cost to be burdened by merchants like me and deplete our earnings. I will also be accepting postal or money order and wire transfers like Western Union. By offering this payment method, I will be able to attract those customers who do not reside in proximity to my store and those distrustful of or not well verse in doing online payments.

However, this may take some time, thus, product delivery or service rendering may be delayed. Furthermore, customers who opt for this payment mode may charge extra fees on top of the product or service price. For online orders, I will offer all the payment modes mentioned above excluding the cash payment since it would be physically impossible to pay cash over the internet. Instead, I will be considering accepting person-to-person payments such as PayPal. This mode is advantageous for customers especially those who prefer to transact online.

They only need to have an email and deposit funds on their person-to-person account. Similar to credit cards, merchants would be charged payment processing