Hiring and Retaining Staff - Term Paper Example

Download file to see previous pages Because of this reason alone, it is important to understand the issues discussed in this paper and learn how to better overcome the modern day obstacles related to staff and recruiting.
It is important to note that current trends indicate the current year has seen the competition for highly qualified individuals only intensity. This is partly due to the reality that the employment market has picked up substantially. As a result, it is important to note that talented professionals now have many job prospects in front of them, so companies are forced to really provide increased incentives if they are to truly attract the best of the best. In essence, it is up to the company today to market themselves in an attractive manner to prospective employees. There will likely be the need for counteroffers to be accepted, many applicants will outright reject solid job offers, that there will be a renewed focus on recruiting those that are already employed at another firm. In essence, we are regressing to the boom years of the late 90’s where if was definitely a job seekers market.
One commonly held theory today is that employers need to return to a strategy of branding their organization as a long term recruiting strategy moving forward. In previous years, many organizations were forced to drastically reduce their budgets related to Human Resources, meaning that recruiters did not have much to work with. Now that business is picking up across numerous sectors, however, it is possible to change this to a more long term outlook detailing the various attributes of a company and what it has to offer prospective employees, particularly related to salary and benefits. This is similar to the branding of a product. The need for branding has emerged partially as a result of the increased competition for taken, but also because of the various ways that companies around the company are making use of ...Download file to see next pagesRead More