Identify and assess at least 4 factors that affect an organisation’s approach to attracting talent.
The four factors that affect an organisation attracting talent are:
External (Supply and Demand);
Staff Turnover;
Unemployment Rate; and
Legal.
External – When a corporation require specifically qualified and skilled staff and there is a limited supply in the market place then the organisation will have to depend on internal supplies by offering special training and development programs.
Staff turnover – Promotions, retirement or even redundancy will impact on turnover and therefore create or remove positions.
Unemployment rate – When an economy is growing the rate of unemployment falls. When the rate is high it makes recruit procedures easier because of the number of CV’s will be higher making it easier to draw the best skilled employees.
Legal – Legislation such as minimum wage, impacting on business when there is an increase. Some organisations may be unable to recruit further staff due to increase in wage bill.
2)Identify and explain at least 3 organisation benefits of attracting and retaining a diverse workforce.
The three benefits to attracting and retaining a diverse workforce are:
A varied array of employees means different levels of skills and knowledge, enabling each sector of an organisation to excel.
A diverse workforce means people possess different attitudes and values whether these values are derived from race, religion or even nationality. When all brought together can benefit the company when dealing with a wide range of people and even internationally.
Creativity and productivity would increase. People with different backgrounds have different ways of thinking. Enabling different views and ideas to emerge.
3)Describe at least 3 factors that affect an organisation’s approach to recruitment and selection.
The three factors that affect the recruitment and selection are:
An organisation’s
Bibliography: Certificate in Human Resource Practice Resourcing Talent Text book, www.kepa.fi, www.ukessays.com, www.personed.co.uk & wiki.answers.com. Prepared by Vanessa Bush.