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.

Learn more about Job Bidding

More on recruitment and selection: Competitive Insourcing, Employee Value Proposition, Online Recruiting.

You may also like: Full-time MBA, Executive MBA, Executive Education, Online MBA.

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