21555 Lecture Notes - Lecture 4: Nepotism, Lifelong Learning
Document Summary
Attracting and retaining talent: understand the strategic nature of the recruitment process. Objectives hrp job analysis to collect job info job. Strategies flow from mission and strategic objectives. Locating/attracting a pool of suitably qualified/experienced people. Can(cid:495)t be seen as a process by itself. People are seen, as (cid:494)strategic assets(cid:495) not expenses = comp adv. Recognises that (cid:494)corporate anorexia(cid:495) is not effective (cid:523)downsizing(cid:524) Attraction scheme repelled the people you don(cid:495)t want (cid:523)attributes(cid:524) Globalisation results in greater competition for talent. * must take strategic approach, not operational one and ensure right people, right time, right place and right cost. Employer of choice = offers a high quality employment experience. Provide work/life balance, meaningful work and fosters internal talent. Stamp attached to an org = attracts talent (recognises achievements) Consider important of psychological contract (trust: adv & disadvantages of internal/external recruitment strategies. Holistic process of hr (conducted in unison not in silos) Principle recruitment sources when they might best be utilised.
