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Attracting and Recruitment strategies

Decent Essays

Attracting and Recruitment strategies: The challenge of attracting and retaining staff remains a concern for organizations. In the last decade, talent management has not been effective and left companies between excess and shortage of staff. Current responses to this challenge can be divided into two broad approaches: 1) Hiring externally. Many companies do not perform workforce planning and meet their needs in the foreign market. The problem is that they attract experienced candidates but lose their own employees (Cappelli 2000). In addition, external searches are expensive and if newcomers block internal promotion opportunities, which decrease retention, affect the environment in the company. 2) Develop internally. Other, create long-term plan of career, although the talent flows of 50s no longer exist. This traditional approach is a long process, but when a major vacancy opens, it may happen that the candidates identified by the succession plan are not adequate, so in this case it might be better to look outside the company (Holland, Sheehan & Cieri 2007). Balancing decisions between hiring and developing In a scenario in which it is impossible to predict the demand for talent, to use only internal development is a path to failure. Still, developing talent internally is justified as the least disruptive and most economical model. The deficit will be solved with external hiring therefore optimal approach should include both types of procurement. The challenge is to

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