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3RTO CIPD Essay

Decent Essays

Resourcing Talent (3RTO)
Activity 1 – Word Count: 1272

Identify and assess at least 4 factors that affect an organization’s approach to attracting talent.

Market Demand/Supply for Talent:
Depending on the nature of the business, organizations will require various sets of talents (skill, knowledge and capabilities) that contribute towards the their growth and success. Markets in general have high supply of some talents and low of others. Based on the talent requirement of the organization and the market in which it operates, it will have to alter its approach towards attracting the required talent. This may involve adjusting factors like remuneration, long & short-term benefits, career prospects, trainings, etc.

Organizations …show more content…

In addition to being cost effective it can also provide incentive for the existing employees to perform better in their current roles to get promoted quickly. This can have a positive impact on the overall performance of the organization

Newspaper Ads:
This is a quick and easy way to notify the market about the available jobs in the company and attract a large number of candidates. Newspaper ads are also less costly compared to using headhunters for finding the right candidate.

Recruitment Fairs:
Recruitment fairs can be very cost and time efficient, particularly in to fulfill bulk recruitment needs of the organization. This also gives companies the opportunity to connect with other potential talent that might not be immediately required by the company, but, helps in building a great talent pipeline for future talent needs.

Having compiled a list of candidates who are interested in the job, the task now is to select one of them. Below are some types of selection procedures and their advantages:

Application forms
These provide key information about the candidate in structured and consistent manner that is needed for a specific position. It speeds up the initial screening process. They can also form the basic starting point of the personnel record and are generally very easy to use and record.

Interviews:
It provides the manager to ask relevant question that are

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