Job Bidding

Definition: Job Bidding is a process in which an employer requires applicants or contractors to compete with each other for a job. Depending on the bids received (a pay amount or salary), the employer or principal will invite the best ones for their further selection process.

Job bidding is also used as a term for posting a job internally to give existing employees a chance to apply for the position before external applicants can.

Similar term: competitive insourcing.

More on job bidding. More on recruitment and selection: Competitive Insourcing.