Design an employee selection program for hiring stock traders. We already know w

Question

Design an employee selection program for hiring stock traders. We already know what to look for as far as technical skills are concerned—accounting courses, economics, and so on. What we want is a program for screening out potential bad apples.

To that end, please let us know the following: What screening test(s) would you suggest, and why? What questions should we add to our application form? Specifically, how should we check candidates' backgrounds, and what questions should we ask previous employers and references?

What else (if anything) would you suggest?

The initial posting is to be 200-300 words in length and supported by at least two sources properly cited and referenced: an academic journal article that is at least 3-5 pages in length and published within the last 3-5 years.

Explanation / Answer

The screening tests should be designed to assess the candidate's understanding of the subject matter and his /her ability to apply the concepts learned in the classroom to the real life work scenario. Some questions in the screening test should be designed to assess the general ability, presence of mind, intellgence and communication skills. Another section of the screening test should contain psychometric analysis of candidate to judge his /her suitability for the role.

Other checks should include police verification, check of criminal background, check of employment record, check of lawsuits and civil cases etc.

The questions to be asked to the previous employers and references.

(a) Length of acquaintence / association with reference.

(b) Nature of relationship with reference.

(c) Enquiry about skill sets and behavioral attributes. Best and worst personality traits.

(d) Acomplishments at workplace

(e) Asking for recommendations.

(f) Reason for leaving the job.

(g) Career progression of the employee. Natue of tasks handled. Capabilities and attitude towards the work.

(h) Most suitable roles for the candidate.

Ref 1: https://www.forgov.qld.gov.au/design-selection-process

Ref 2: https://hr.ucr.edu/recruitment/guidelines/process.html

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