21 May WHAT EXACTLY SHOULD THESE FIRMS DO NOT ONLY TO RECRUIT THESE TALENTED INDIVIDUALS BUT TO ALSO RETAIN THE EMPLOYEES?
I. Introduction
Did you know that for most firms today, success or failure is determined by the ability to
find, attract, and develop some of the most talented individuals in the workforce internationally?
What exactly should these firms do not only to recruit these talented individuals but to also retain
the employees? There is a very competitive job market available, it is hard for employers to
retain their staff when better opportunities are offered. One area that has changed drastically over
the past few years is the way the human resource department carries out its role during the hiring
process. In order to recruit and retain talented people, employers have begun to take some
strategic approach when filing a vacant position.
II. Effective Approach for Human Resources
While human resource offices have always been an important part of every business,
exactly how important they were to the organization and its overall goals were not really
analyzed through until recently. The reason probably is due to a higher turnover rate among
disgruntled and dissatisfied employees. Each time an employee departure, the companies
experience increased workloads which in turn increase stress among those that are picking up the
slack. Then the company must face additional expenses to locate, interview, and hire a new
individual to fill the vacant position. In prior years, the human resource departments would
receive notice of the vacant position, list the position in a local newspaper under classified
advertisements, and give the offer to the most qualified candidate the position. Although this
seems to be a harmless approach, it can end up costing companies more money in the long run
STRATEGIC RECRUITMENT
since the employee that was the most qualified might not be the best fit for the position or the
company.
As in any market, demand ebbs and flows in a talent marketplace. The task of putting a
price on talent, however, needs to be quite different from what it is in normal markets. It usually
employs prices to determine where resources are best allocated. The objective of a business,
however is to maximize profits per worker rather than wages per worker. An additional
alternative for pricing talent is common among professional firms, particularly for jobs where
assignments are temporary: per diems set at the estimated opportunity cost of deploying the
talent elsewhere. The advantage of an opportunity-based way of pricing talent is to recognize its
value more than the wages paid to employees (Bryan, L., Joyce, C.,
Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteDemy. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Fill in all the assignment paper details that are required in the order form with the standard information being the page count, deadline, academic level and type of paper. It is advisable to have this information at hand so that you can quickly fill in the necessary information needed in the form for the essay writer to be immediately assigned to your writing project. Make payment for the custom essay order to enable us to assign a suitable writer to your order. Payments are made through Paypal on a secured billing page. Finally, sit back and relax.
About Writedemy
We are a professional paper writing website. If you have searched a question and bumped into our website just know you are in the right place to get help in your coursework. We offer HIGH QUALITY & PLAGIARISM FREE Papers.
How It Works
To make an Order you only need to click on “Order Now” and we will direct you to our Order Page. Fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Are there Discounts?
All new clients are eligible for 20% off in their first Order. Our payment method is safe and secure.