Reference no: EM132318026

Small Group Discussion: Staffing Challenges in a Labor Shortage Market

For this discussion, you will focus on talent acquisition and walk through a scenario on sourcing, recruitment, and selection in a labor market with talent shortages. You will work with a small group of your classmates to identify talent acquisition strategies and to provide your set of recommendations based upon a collaborative group discussion.

First, review this module's required resources. In your initial post to the small group discussion, address the following:

How does knowledge of labor market information assist HR professionals in developing a quality staffing plan?

From an external sourcing perspective, which HR initiatives and strategies are effective approaches to filling key positions in a labor market with talent shortages?

From an internal sourcing perspective, which HR initiatives and strategies are effective approaches to filling key positions in a labor market with talent shortages?

Refer to the chapter readings, the SHRM resources, and to the Harvard Business Review article to support your responses.

Unit 4 Interactive Assessment 1

Cost-volume profit analysis deals with the costs of a business (variable and fixed) and when that business makes a profit. Explain when a business makes a profit and apply this concept to your business plan.

Unit 4 Interactive Assessment 2

In Chapter 8 - Tactical Decision Making and Relevant Analysis such concepts as make/buy and special-order problems will be discussed. Fixed costs are generally the deciding factor in these decisions because regardless of the decision these fixed costs do not go away. Discuss the concept of fixed costs with either the make/buy or special-order topic.