BU354 Lecture 7: Bu354 le7
Document Summary
Departing employees might stay if they can rearrange their schedules or change the numbers of hours they work. Buy-back: a method of convincing an employee who is about to resign to stay in the employ of the organization, typically by offering an increased wage or salary. Job fairs: trade-show-style fairs with many employers showcasing their companies and jobs to potential recruits. Budget constraints and the emergence of internet recruitment have resulted in a decline in the popularity of job fairs. Contract workers are useful when the work is of limited duration so the firm can avoid fixed salary commitments. Contract workers are often compensated on the basis of task completion. Contract workers may not always be committed to the goals of the organization. With growing labour shortages in canada, many employers are looking abroad to secure skilled, hard-to-find employees. Foreign workers may be initially less expensive.
