User Account

All Pages

Finding and retaining talent in the new normal

Assignment Help Finance Basics
Reference no: EM131533916

Question:

Finding and Retaining Talent in the New Normal

In the Marketplace simulation this week you will be assessing strategies for hiring and compensating employees to support your growth plans in a world economy that is experiencing a talent shortage. Dobbs, Lund, and Madgavkar (2012) state, "According to a 2011 survey by employment-services company Manpower, 34 percent of employers around the world had difficulty filling jobs as a result of a lack of available talent, up from 30 percent in 2009" (para 4). The cost of replacing employees is often not calculated into the bottom line, but can have a significant impact on company profitability.

Hiring and retaining good talent requires a comprehensive strategy that includes the types of compensation as seen in the simulation but goes much further and includes many other elements. As leaders of your new and growing international firm, you will need to create this comprehensive strategy and integrate it into your future plans.

For this Discussion question you will:

Discuss in detail why there is a worldwide talent shortage. Provide references from at least two sources in addition to this week's Reading/video for optimal credibility. In your research you may find evidence that supports this view and also evidence that contradicts it. Presenting all of your research results can enhance the quality of the discussion.

Research best practices on retaining talent and cite these best practices including any relevant examples that you uncover in your research.

Identify at least three companies who have integrated these best practices into their growth plans and how these strategies have worked. Provide specific examples of what these companies have achieved from a growth/profit perspective after implementing these strategies.

Provide specific details on plans to integrate this information into your simulation growth plans.

References

Dobbs, R., Lund, S., & Madgavkar, A. (2012). Talent tensions ahead: A CEO briefing. Mckinsey Quarterly, (4), 92-102.

Verified Expert

This is an small individual project, which is requires to prepare a report on the problems face by the world corporate community about the skill and talented employees.

Reference no: EM131533916

Questions Cloud

Create a statement of cash flows : Create a statement of cash flows. Distinguish between cash flows from operating activities and cash flows from investing activities.
How many IP addresses does the school need immediately : How many IP addresses does the school need immediately? How many might the school eventually need for the initial seven rooms
Prepare the journal entry to record the purchase : Ming Yue Company pays $368,250 for real estate plus $19,600 in closing costs. The real estate consists of land appraised at $166,320.
The risk of violation of privacy : Identify solutions for the employer to minimize or eliminate the risk of violation of privacy.How could these privacy concerns create risk for the employer?
Finding and retaining talent in the new normal : Research best practices on retaining talent and cite these best practices including any relevant examples that you uncover in your research.
Why switches and preferred over hubs : Research and present a 3 minute review on one of the topic: Why switches and preferred over hubs
Prepare a table showing depreciation and book value : In early January 2011, LabTech purchases computer equipment for $147,000 to use in operating activities for the next four years.
Compute the depreciation expense for the first three years : Feng Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $42,300.
How the company plans to accommodate for decrease in sales : Include how the company plans to accommodate for the decrease in sales. Create a budgeting plan for 2014.

Reviews

Write a Review

Finance Basics Questions & Answers

  Computation of break even pointseast publishing company is

computation of break even points.east publishing company is doing an analysis of a proposed new finance text-book.

  How the three trucking companies should account for it

Explain how Lifschultz can report negative book value and, at the same time, have its shares so highly valued in the stock market.

  What was the net rate of return on this investment

What was the net rate of return on this investment, assuming you are in the US and measure your return in terms of USD?

  The historical simulation hs approach is based on the

the historical simulation hs approach is based on the empirical distributions and a large number of risk factors. the

  What types of taxes qualify to deducted itemized deductions

What types of taxes qualify to be deducted as itemized deductions? What sort of taxes don't qualify for the deduction? Would a vehicle registration fee qualify as a deductible tax? Why or why not?

  Moe corporation is considering several securities the rate

moe corporation is considering several securities. the rate on treasury bills is currently 8.25 percent and the

  What is the net advantage or disadvantage of re-working

Alternatively, the keyboards could be sold "as is " for 7300. What is the net advantage or disadvantage of re-working the keyboards?

  Comparing capital expenditures

Select a company and access the last three years' annual reports. Next, select a company that is a direct competitor and download the previous three years.

  Constant annual growth rate in years

Lawrence Industries' most recent annual dividend was $2.14per share (D0equals$ 2.14),and the firm's required return is 11%.Find the market value of Lawrence's shares when dividends are expected to grow at 15%annually for 3 years, followed by a 3%c..

  Discusses the principles of financial accounting

Write a paper that discusses the principles of financial accounting. No references or specific style is required.

  Future state of the economy

The management of Gawain plc is evaluating two projects whose returns depend on the future state of the economy as shown below:

  What does problem tell you about interest rate risk

Illustrate your answers by graphing bond prices versus YTM. What does this problem tell you about the interest rate risk of longer-term bonds?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd