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Hr - Resourcing Talent

In: Business and Management

Submitted By shads1
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• External factors can include

o Economic – recession and the general climate being poor, companies will be wary of spending and expanding their business and as such will not recruit any additional staff

o Political – an increase in the retirement age will mean that turnover will slow down as staff stay in their roles for longer

o Legal – legislation such as minimum wage, impacting on business when there is an increase. Some organisations may be unable to recruit further staff due increase in wage bill

• Internal factors can include

o Staff turnover – promotions, retirement or even redundancy will impact on turnover and therefore create or remove positions

o Business objectives/company strategy – if the business is planning on expanding it will need to factor in any recruitment needs at all levels

o Wastage rates will decrease when unemployment is high, this will mean that there will be less need to recruit as staff tend to stay in their existing role due to the fear of joining those unemployed

Organisational Benefits to a Diverse Workforce

There are many benefits to a diverse workforce aside from the legal compliance:

➢ Enhances the organisation’s reputation and image with external stakeholders making them an employer of choice

➢ Assists in the development of new products, services and marketing strategies due the input of ideas.

➢ Builds employee commitment and morale. Employees feel valued and fairly treated

➢ Recruiting and retaining people from a wide "talent" base as the organisation has a good reputation

➢ Reduces the costs of turnover and absenteeism, due to high employee engagement.

Different Recruitment Methods and when to use them

Hook and Foot (2002) define recruitment as

➢ All activities directed towards locating potential employees

➢ Attracting applications from suitable candidates

They go on to…...

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