ADMS 2600 Chapter Notes -Parental Leave, Flextime, Midlife Crisis

• School: York University
• Department: Administrative Studies
• Course: ADMS 2600
• Professor: Paul Fairlie

Document Summary

Lesson 5: expanding the talent pool: recruitment and careers. The greatest competitive advantage that organizations have is their human resources and as a result, companies are paying more attention to building a strong and skilled workforce. Effective recruitment considers both internal and external sources, and provides an adequate level of candidates to fill vacancies within the organization. The demographic cohort that is next to the first wave of baby boomers is not nearly large enough to fill all of the vacancies created by departing boomers. The demand for skilled workers will therefore grow. Employers are even now experiencing an increased level of competition from other employers for skilled workers. On the prospective employee side of the ledger, things are changing as well. In order to be successful, employees must take a more active role in their own career development to stay marketable. Free agent approach presents challenges to employers in terms of recruiting and retaining employees.