2. Factors that affect an organisations approach to attracting talent 2.1Internal Factors
3.Organisational benefits of attracting and retaining a diverse work force 3.1Benefits
3.1.1Enchances a diverse customer base and shareholder value 3.1.2 Need to comply with legislative requirement
3.1.3Enchances additional knowledge, ideas and experience
4.Factors that affect an organisations approach to recruitment and selection 4.1Attracting a wider range of applicants
4.3Budget and Cost Constraits
5.Recruitment Authorization Request
A critical success in today’s competitive economy is directly linked to the capacity of an organisation to attract, select and retain talent. Attracting talent is critical not only for continuous competitive advantage but also for survival of a business (Taylor and Collins, 2000; Barney, 1991 The following report will identify and assess factors that affect an organisations approach to attracting talent it will go on to explain the benefits of attracting and retaining a diverse workforce. It will also describe factors that affect organisations approach to recruitment and selection and finally a recruitment authorisation report will be prepared to an MD stating the benefits of three different recruitment methods.
2 Factors that affect an organisations approach to attracting talent
The factors that affect an organisations approach to attracting talent is governed by a mixture of both internal and external factors
Internal Factors External Factors
Size of the Firm Supply and Demand
Cost and Budgetary constraints Political Social and Legal Environment
2.1 Internal Factors
The size of the firm is an important factor in recruitment process. If the organization is planning to increase its operations and expand its business, it will think of hiring more personnel, which will...