Abstract
Since the recent rapid development of the Internet financial industry in China, the human resource management department has been required to provide strong support through recruiting and selecting suited employees based on industry development needs. The labour shortage in human resource management (HRM) may seem more severe than before, and some of the problems of recruitment and the selection process may have been exposed more than ever. However, researchers consider that this finding may have important implications for human resource recruitment theory and practice in the emerging industry. By summing up the interview results from 11 HR practitioners in the Internet financial company recruitment, this paper has examined the reality of the recruitment and selection in the Chinese Internet financial industry and analysed the reasons caused by this organisational phenomenon. Results reveal that there are four main factors which could affect the recruitment of the Internet financial industry, including the recruitment channel, staffing structure, management policies and industry background. It is suggested that the Internet financial industry should actively expand and diversify its recruitment channels, while continue paying close attention to the changes of relevant talent markets in order to obtain the required personnel.
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Appendix
Appendix
1.1 Interview Questions
For the HR practitioners who have participated in recruitment in the Internet finance companies:
1. | Why do you want to work in the Internet financial industry? |
2. | What challenges did you encounter during the recruitment process? |
3. | In your opinion, in what areas can the candidates improve? |
4. | With regard to the recruitment process of the Internet financial companies, what would you like them to improve? |
5. | Are you bullish about the prospects for the industry? Why? Why not? |
For the key employees who understand the hiring process of Internet financial companies:
1. | Are there any recruitment difficulties in your company? |
2. | Which channels for recruitment have been applied in your company? |
3. | What kind of employees do you think are needed in the Internet financial industry? |
4. | Which position is the most difficult to recruit at the present stage? Do you know why? |
5. | What method do you think is most effective in the talent team construction of the Internet financial industry? Internal training or external employment? |
6. | What are the human resource management policies for recruitment in your company? |
7. | How do you think the Internet financial industry practitioners should undertake their own career planning? |
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Liu, J., Cai, Y. (2018). What Caused the Shortage of Labour: Examining the Recruitment and Selection in the Internet Financial Industry in China. In: Dwivedi, Y., et al. Emerging Markets from a Multidisciplinary Perspective. Advances in Theory and Practice of Emerging Markets. Springer, Cham. https://doi.org/10.1007/978-3-319-75013-2_26
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DOI: https://doi.org/10.1007/978-3-319-75013-2_26
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