(a) Explain the differences between Recruitment and Selection.

OR

(b) Write the differences between Shares and Debentures.

Question

(a) Explain the differences between Recruitment and Selection.

OR

(b) Write the differences between Shares and Debentures.

Accepted Answer

>

> [!TLDR]
> (a) Recruitment attracts a pool of applicants (positive); selection screens and chooses the best from that pool (negative). (b) Shares represent ownership and earn dividend; debentures represent debt and earn fixed interest.
>
> **(a) Differences between Recruitment and Selection**
>
> | Basis | Recruitment | Selection |
> |---|---|---|
> | **Meaning** | Process of **searching for and attracting** prospective candidates to apply | Process of **choosing the most suitable** candidates and rejecting the rest |
> | **Nature** | A **positive** process (invites more applicants) | A **negative** process (rejects unsuitable applicants) |
> | **Objective** | To create a **large pool** of applicants | To **pick the right person** for the job |
> | **Sequence** | Comes **first** | Comes **after** recruitment |
> | **Contract** | No contractual relation arises | Leads to an **employment contract** with the selected person |
> | **Method** | Advertising, referrals, job portals, etc. | Screening, tests, interviews, verification |
>
> **(b) Differences between Shares and Debentures**
>
> | Basis | Shares | Debentures |
> |---|---|---|
> | **Meaning** | Unit of **ownership capital** of the company | Acknowledgement of a **loan/debt** to the company |
> | **Status of holder** | Shareholder is an **owner/member** | Debenture holder is a **creditor** |
> | **Return** | Gets **dividend**, which varies with profit | Gets **fixed interest**, whether or not there is profit |
> | **Payment priority** | Dividend paid **after** interest | Interest is a **charge on profit**, paid before dividend |
> | **Voting rights** | Shareholders usually have **voting rights** | Debenture holders have **no voting rights** | …

Q.(a) Explain the differences between Recruitment and Selection.

Concept understanding — Recruitment and Selection Distinguished

Q.(a) Explain the differences between Recruitment and Selection.

Concept understanding — Recruitment and Selection Distinguished

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