Published in Human Resources Terms category by MBA Skool Team
What is Job Bidding?
Job bidding is a process in which applicants are required to compete with other applicants for a job position that has been posted by an employer or organization.
This method of recruitment is used when the number of applicants exceeds the number of job positions that are being offered by a large number. Job bidding is also synonymous with internal job posting and filling though it is applicable for external candidates also but it is not easy for employer to get external candidates devote so much effort on job bidding.
1. Job Bidding is much faster as compared to other methods
2. It is quite fair when it comes to giving internal candidates a job first
3. Better Job fit happens through internal deserving employees
4. Better talent management through retaining and grooming good employees
5. Overall increase in Job satisfaction
Example of Job Bidding
In an example of job bidding, the applicants are required to bid for a salary or a pay amount for the job they are applying.
Depending on the bids received from the applicants, the employer will select the final employees or invite the best bidders for further recruitment and selection process.
Hence, this concludes the definition of Job Bidding along with its overview.
This article has been researched & authored by the Business Concepts Team. It has been reviewed & published by the MBA Skool Team. The content on MBA Skool has been created for educational & academic purpose only.
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