SOURCES FOR MANAGEMENT RECRUITMENT
MANAGING LABOR PERSONNEL
In today's economic environment of globalization and rapid product innovation, companies are beginning to focus on their human capital as a means of gaining a competitive advantage. Large multinationals, such as ThyssenKrupp and the Wachovia Corporation, as well as small start-ups, like India's Satyam Computer Services, are searching for creative new ways to attract and retain top talent. They are experimenting with advertising campaigns, training, and un-orthodox incentive packages. In the absence of generally accepted standards of “what works” in the field of human resources (HR) management, companies are testing out a variety of strategies. There is an increasing urgency to get it right, considering that some of the most pressing global business challenges of the day are directly related to issues of human capital.
There are two potential problem areas that companies need to address. However, if they are successful in the development of new and effective HR management strategies, both of these challenges could prove to be ...