Economics for Global Decision Makers
GB540:01 Economics for Global Decision Makers
Week 3-Unit 3
Dr. Barbara-Leigh Tonelli
May 15 2012
I. Introduction
II. Competition for talent
A. Recruiting
III. Utilizing talent
A. Cost
B. Fit or fire
IV. Ability to find talent
A. Steps
B. Actions
V. Ability to attract talent
A. Benefits
B. Reputation
VI. Ability to retain talent
A. Communication
B. Opportunities
VII. Ability to develop talent
A. Training
B. Promotion
VIII. Conclusion
Introduction
Effective hiring and personnel retention are keys to successful business. It can be easily argued that business success depends on human assets not material assets. Materialistic business components can be bought and replaced with an order, but the talent people can bring to an organization is not attained with the touch of a button. Hiring the right people is only a part of the successful business formula. Retaining quality people is also important to business success. What do firms need to do to attract and retain the most talented people as well as utilization of their skills for company success?
Competition for talent
The advancements in travel and internet have made recruitment a global competition. It is not a secret that a successful business often has the most talented employees. Companies scramble to find the next and brightest in the workforce. Business managers know good hiring practices can be a strong foundation for any business. Bad hires can lead to business failure. They have to be creative in the ways they attract the most talented workers. Some companies have turned to recruiters and headhunters to attract the best candidates. Firms such as FESA Global Recruiters and CTPartners are often hired by companies to help attract the type of employee they feel meets its company needs. These companies will often seek out individuals
Week 3-Unit 3
Dr. Barbara-Leigh Tonelli
May 15 2012
I. Introduction
II. Competition for talent
A. Recruiting
III. Utilizing talent
A. Cost
B. Fit or fire
IV. Ability to find talent
A. Steps
B. Actions
V. Ability to attract talent
A. Benefits
B. Reputation
VI. Ability to retain talent
A. Communication
B. Opportunities
VII. Ability to develop talent
A. Training
B. Promotion
VIII. Conclusion
Introduction
Effective hiring and personnel retention are keys to successful business. It can be easily argued that business success depends on human assets not material assets. Materialistic business components can be bought and replaced with an order, but the talent people can bring to an organization is not attained with the touch of a button. Hiring the right people is only a part of the successful business formula. Retaining quality people is also important to business success. What do firms need to do to attract and retain the most talented people as well as utilization of their skills for company success?
Competition for talent
The advancements in travel and internet have made recruitment a global competition. It is not a secret that a successful business often has the most talented employees. Companies scramble to find the next and brightest in the workforce. Business managers know good hiring practices can be a strong foundation for any business. Bad hires can lead to business failure. They have to be creative in the ways they attract the most talented workers. Some companies have turned to recruiters and headhunters to attract the best candidates. Firms such as FESA Global Recruiters and CTPartners are often hired by companies to help attract the type of employee they feel meets its company needs. These companies will often seek out individuals