BUSN302 Talent Management

Feb 3rd, 2012
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Minnesota Housing Real Estate Corp (MRESC) was founded with the mission to provide outsourced business services and solutions to independent real estate companies. They provide large and small real estate companies with support systems and non-core real estate business services and requirements. Examples of the services provided include:

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BUSN302 Talent Management NameClassDateProfessorTalent Management: MN Real Estate Service CorporationEvery business relies on their employees to be a success. In order to help ensure the success of the employees a corporation must be able to attain and retain the best talent. The mission of MN Real Estate Service Corporation (MNRESC) is to provide outsourced business services and solutions to independent real estate companies. Due to expected growth the company has plans to relocate to a bigger facility in the downtown area and needs to hire a new market director. As in the past the company uses a contract recruiter to locate the right candidate but the contract recruiters failed to provide a good cache of applicants for the company to select their candidates. In order to determine why the company was having difficulty attracting talented candidates, Pat Paulson of Heidrichs and Struggles the contract recruiting agency, conducted research finding the company was experiencing a high turnover rate, had no succession plan, no in-house measure for recruiting and selecting talent employees, no way to engage and retain talented employees, and ineffective leadership. In order to address these issues the HR department will need to develop new more effective ways to hire and retain talent employees and create a talent management system. Hiring and retaining talented employees will assist in the ultimate success of the organization. MNRESC must take immed

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