Attracting and Retaining Employees
Wonder: Pose a question that you would like to explore about the theme or topic.
The wonder process of this assignment is predicated on the following question. As an Atlantic based broker engaged in national expansion and significant internal changes, this company is struggling with employee retention and attracting new employees. Thus, the premier question is how exactly is the organization expected to keep the team motivated, reduce the mass exodus including the loss of eight employees in the last six months, and find good people to join the organization? The most important aspect of this question is that there are a number of facets in it that are implicit to providing a succinct answer comprehensive enough to positively affect this organization. Specifically, attracting new employees calls for different measures needed than those for retaining employees, although there is a fair amount of correlation between these two areas. The issue of motivation is central (and implicit) to both of these areas because motivated employees will both want to join as well as remain at an organization which is treating them advantageously.
It is important to realize that the domain of human resources largely exists to answer these questions and to facilitate what are actually needs which are important to the long term propagation of every organization. There are specific human resource strategies which can help to provide stability (1) in these three areas. The material reviewed in this course helps to elucidate which aspects of those strategies might be most relevant as they apply to the organization in question. For instance, compensation packages can play a fundamental role in maintaining motivation, attracting new employees, and keeping them there. However, there are also diverse other facets of human nature which can play a role in positively impacting the three areas of improvement which this particular insurance brokerage firm seeks. One of the factors which can correlate to maintaining employees is policy for continuity when employees leave. Organizations need an orderly means of dividing up the responsibilities and job functions among the remaining employees, until there is a suitable replacement. Similar concerns exist for technological applications and their utility for underpinning organizational processes. There are concerns for implementing legacy technologies with newer ones, or for simply integrating new technologies into the organizations. Also, key elements related to attracting and retaining employees relate to training mechanisms and suitably preparing employees for the challenges they face. Additionally, it is necessary to determine how vital each of these factors...
Bibliography
Clawson, J. G. (2012). Level Three Leadership. (S. Yagan, Ed.) Upper Saddle River, New Jersey, United States of America: Prentice Hall. Chapter 23 - Human Resources Management Systems
Crutcher, Gordon, et al. F520 Leading in the Insurance World. The Insurance Institute of Canada, 2012
Cunningham, Sharon. “Attracting and Retaining Employees in a Competitive World.” (2002).
Berris, Michael, Jackson, Vanessa. “The Art of Retaining Employees.” (2008).
The Insurance Institute of Canada. “Slim Pickings How to Deal with the Diminishing Supply of Top Talent.” Top Broker. (2012).
Clawson, J. G. Level Three Leadership. 8-3.
Cunningham, Sharon. “Attracting and Retaining Employees in a Competitive World.” Berris, Michael, Jackson, Vanessa. “The Art of Retaining Employees.” 8-27.
Berris, Michael, Jackson, Vanessa. “The Art of Retaining Employees.” 8-28.
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