What labour market trends might make it hard for the company in the case study to recruit and retain the staff they need?
Part B (AC1.1, 1.2, 1.3, 1.4, 2.2, 3.1 and 3.2) (2000 words)
Taking into account the case study you have examined in 5RST Part A, please produce your views on the following issues:
What labour market trends might make it hard for the company in the case study to recruit and retain the staff they need? (AC1.1) (approx 300 words)
Explain the significance of ‘tight’ and ‘loose’ labour markets (AC1.3) (approx 150 words)
Assess, including strengths and weaknesses of two differing approaches that could be taken in the short term as a means of improving the organisation’s ability to retain staff effectively. (AC3.2) (approx 300 words)
Suggest reasons why people might choose to leave their organisation and explain the costs associated with this. This could include direct and indirect costs. (AC3.1) (approx 300 words)
Explain how the organisation might position itself strategically within the labour market and the implications of this. E.g. competition, branding.(AC1.2) (approx 250 words)
How might government, employers in general and trade unions (in a general sense) ensure that future skill needs are met? (AC1.4) (approx 250 words)
What steps should the organisation take to ensure that future skills needs are met? To what extent and how might career and succession planning feature in the organisation’s strategy? (AC2.2) (approx 250 words)
ADDITIONAL REQUIREMENTS: Please also comment on how you will transfer the new knowledge and skills gained during this assignment into working practices. You may also use this reflection for your CPD. (approx 200 words)
- You should also include 3-5 references from up to date and relevant sources in order to support your findings.
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