We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Skills Shortage and HRM - Essay Example

Comments (0) Cite this document
Running Head: Skills Shortage and HRM Skills Shortage and HRM Table of Contents Table of Contents 2 INTRODUCTION 3 PROBLEM WITH THIS SHORTAGE 3 POSSIBLE RECRUITMENT STRATEGIES 4 AN ALTERNATIVE TO RECRUITMENT STRATEGIES 7 CONCLUSION 8 REFERENCES 10 INTRODUCTION No matter how developed an economy is, there are a few problems that it simply cannot avoid having…
Download full paperFile format: .doc, available for editing
Polish This Essay91.6% of users find it useful
Skills Shortage and HRM
Read TextPreview

Extract of sample
"Skills Shortage and HRM"

Download file to see previous pages Furthermore, it often increases the crime rate as people resort to earning money in illegal ways due to their unemployment. Other problems like low morale in the workforce, and economic recession are also very common due to unemployment. Furthermore, it discourages people to pursue further education because they see how even the highly educated people are often forced to do jobs which are below their potential, simply due to the lack of jobs available. Thus, unemployment has a major negative effect on the economy and welfare (Beresford, pg 190, 2004). Another difficult, however completely different, scenario occurs when the economy has plenty of jobs available in various industries, but does not have enough skilled labor to meet this demand. Whereas the people in the above mentioned situation were forced to compete with several other qualified people for the same job, this scenario describes a situation where companies are competing against each other for the same potential employee. They are forced to do this when the economy does not have an adequate supply of people with the skills which these companies require (Capelli, pg 145, 2005). PROBLEM WITH THIS SHORTAGE A shortage of skilled labor as described above usually pertains to fields which require high level skills, such as those needed for the technological industries. These industries are ever changing and developing, and thus require the workers to have updated and relevant skills. Such a feat can only be accomplished by regularly training these workers, which requires time and money. Sometimes, workers with such updated skills are not available for the companies to fill their vacancies. This causes severe problems, because then the company has to divert substantial resources to recruitment, which costs them heavily to get new employees; whereas new employees are supposed to be making more money for them, not costing them their funds. This causes problems for the companies, and thus it is necessary for them to determine some cost effective recruitment strategies (Goss, pg 232, 1994). POSSIBLE RECRUITMENT STRATEGIES One way of employing such cost-effective recruitment methods is to pay attention to factors which will attract employees as well as motivate them to keep working. These include the fringe benefits, bonuses, promotions, training programs and compensation rates that these companies offer the employees. The management style, reputation and size of the company are also very important factors in this regard. Different factors have a different level of importance for employees. Some may prefer a job which pays them a high salary, while others may be attracted to large companies with good reputations in the industry. Thus, these companies need to account for these individual differences when recruiting employees (Capelli, pg 146, 2005). Not every company can afford to offer the potential employees being recruited all the above benefits. In fact, some companies may face severe difficulties in recruiting new people due to such limited resources. If they exist in an economy which has a very limited supply of employees who possess the skills needed, they face major problems when trying to recruit such employees. Since they do not have all the resources other companies may be able to offer employees, they will not be the preferred choice of employers for ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Skills Shortage and HRM Essay Example | Topics and Well Written Essays - 2000 words - 1”, n.d.)
Retrieved from https://studentshare.org/management/1429949-yphow-can-software-companies-such-as-logica-win
(Skills Shortage and HRM Essay Example | Topics and Well Written Essays - 2000 Words - 1)
“Skills Shortage and HRM Essay Example | Topics and Well Written Essays - 2000 Words - 1”, n.d. https://studentshare.org/management/1429949-yphow-can-software-companies-such-as-logica-win.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
Skills Shortage and HRM
This causes many problems in the economy such as lower standards of living, higher costs on government, low morale, recession, and often leads to crime. This is an exceptionally worrisome and enhanced situation when there are no jobs available for skilled and educated workers, as it causes extremely low morale for these people who are forced to do jobs below their potential.
8 Pages(2000 words)Essay
Nursing shortage
In most cases, it is a profession that is taken for granted, with nurses having to work in conditions that can only be considered to be inhospitable for them. What many governments and policymakers fail to understand is the fact that nurses are a crucial factor in the healthcare system and that without them; this system will most likely collapse.
4 Pages(1000 words)Research Paper
Employee Shortage
It can be affirmed that the effective measures that adopt and execute by the public as well as the private healthcare institutions have played an effective role in terms of mitigating the challenging scenario of employee shortage within the respective business industry.
16 Pages(4000 words)Research Paper
Management of Human Resources (HRM)
Nowadays, most companies have evolved into global organizations, hence requiring management team to learn, understand and adapt new cultures in different societies external to their home environment, as a strategy for developing a better relationship with the human resources.
4 Pages(1000 words)Essay
Perspectives in HRM
This paper analyzes the aging workforce dilemma by describing the problem, providing HR theories, applications and solutions. One of the notions of Human Capital Theory is
10 Pages(2500 words)Essay
As organizations become more diverse, employers have been adapting their human resource practices to reflect those changes. Many organizations today, such as Bank of America, have workforce
20 Pages(5000 words)Essay
International HRM
It also explains extra-organisational factors actors as well as includes intra-organisational factors. Such factors are cross border
12 Pages(3000 words)Essay
HRM Assignment 1
s of the key attributes of HRM such as employee- employer relationship, flow of communication, power practices, wage system and performance evaluation have shown marked differences in organizational cultures. Where hard human resource system incorporates an authoritative and
7 Pages(1750 words)Essay
Nursing Shortage
It is measured by nurse-to-population ratio, nurse-to-patient ratio or number of job openings against number of nurses available for recruitment. Nursing shortage is a common problem especially in developing
3 Pages(750 words)Essay
Case 5
The outcome in turn encourages the ovaries into secreting estradiol and progesterone. The HPA, being part of the stress response system creates the effect of changing the
1 Pages(250 words)Essay
Let us find you another Essay on topic Skills Shortage and HRM for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us