Managing Talent
Managing Talent: Can Yahoo Still Attract Tech Workers?
Ashley Maxwell
Kaplan University
September 22, 2014
AB203: Human Resource Management
Managing Talent: Can Yahoo Still Attract Tech Workers? Availability of qualified personnel effects both labor supply and demand. The greater the demand coupled with greater shortage of qualified applicants, the higher/more competitive the salaries for those positions. The economy and demand for products and/or services effects both labor supply and demand. Our economy is very slow resulting in less demand for products or services. The slow economy is the main reason for so many layoffs. A strong economy and high demand for products/services creates jobs. In every business that deals with a collection of employees, labor supply and demand must be a major consideration by management or ownership. No business can reach their potential without their employees; striking a balance between the labor available and the labor needed is always a concern that relates to productivity and to profits. Understanding labor supply and demand and how it affects your business is the best way to operate a successful business.
Recruiting is a big part of keeping a company running and it requires a lot of planning. The three steps that must be taken before a company can begin recruiting people are: forecasting, goal setting and strategic planning, and program implementation and evaluation. Forecasting is when the company determines the supply of and demand for various types of human resources. This helps the company to predict which areas of the company will have labor shortages or surpluses. Goal setting and strategic planning helps to focus attention on the problem and can provide the basic necessities needed to address the labor shortages and surpluses. This stage is to get the company to select a strategy to handle the labor shortages and surpluses. Program implementation
Ashley Maxwell
Kaplan University
September 22, 2014
AB203: Human Resource Management
Managing Talent: Can Yahoo Still Attract Tech Workers? Availability of qualified personnel effects both labor supply and demand. The greater the demand coupled with greater shortage of qualified applicants, the higher/more competitive the salaries for those positions. The economy and demand for products and/or services effects both labor supply and demand. Our economy is very slow resulting in less demand for products or services. The slow economy is the main reason for so many layoffs. A strong economy and high demand for products/services creates jobs. In every business that deals with a collection of employees, labor supply and demand must be a major consideration by management or ownership. No business can reach their potential without their employees; striking a balance between the labor available and the labor needed is always a concern that relates to productivity and to profits. Understanding labor supply and demand and how it affects your business is the best way to operate a successful business.
Recruiting is a big part of keeping a company running and it requires a lot of planning. The three steps that must be taken before a company can begin recruiting people are: forecasting, goal setting and strategic planning, and program implementation and evaluation. Forecasting is when the company determines the supply of and demand for various types of human resources. This helps the company to predict which areas of the company will have labor shortages or surpluses. Goal setting and strategic planning helps to focus attention on the problem and can provide the basic necessities needed to address the labor shortages and surpluses. This stage is to get the company to select a strategy to handle the labor shortages and surpluses. Program implementation