Reward-System-Research-Paper

Apr 30th, 2015
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Strayer University
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What is human resource planning? Human resource planning is the term that is used to describe how companies ensure that their staff is the right staff to do the job. So why is this important? In order to maintain a competitive status in the workplace, it is essential to build a high-performing workforce. Yet, American society is undergoing seismic shifts. Because of this shift, the U.S. workforce is increasing in unqualified workers and the pool of workers is shrinking, making it an essential demand for talent. Obtaining and optimizing the preeminent talent provides a major strategic benefit. Thus, recruiting organizations today are seeking to analysis how to best select and retain talent and skilled employees.

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Running Head: BUILDING THE RIGHT WORKFORCEA LOOK AT STRATEGIC AND OPERATIONAL ISSUES IN BUIlDING THE RIGHT WORKFORCELaTala CofieldStrayer UniversityAbstractWhat is human resource planning? Human resource planning is the term that is used to describe how companies ensure that their staff is the right staff to do the job. So why is this important? In order to maintain a competitive status in the workplace, it is essential to build a high-performing workforce. Yet, American society is undergoing seismic shifts. Because of this shift, the U.S. workforce is increasing in unqualified workers and the pool of workers is shrinking, making it an essential demand for talent. Obtaining and optimizing the preeminent talent provides a major strategic benefit. Thus, recruiting organizations today are seeking to analysis how to best select and retain talent and skilled employees. The Challenges of Recruiting Tomorrows WorkforceThere are new business challenges that are reshaping the workforce of the future. These challenges are as follows: potential labor shortages, changing demographics, and declining morale. Retirement will soon be under the belts of the baby boomer generation and as we inch closer, the U.S moves even closer to a potential labor shortage. Wikipedia.com defines labor shortage as an economic condition in which there are insufficient qualified candidates to fill the market place demand for employment at any price. According

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