Question
Download Solution PDFWhich one of the following initiatives is not the strategy for managing shortage of employees in an organisation ?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFTechnological changes, the ageing population as well as shifts, growth and decline in certain industries are all contributing to labour shortages on a massive scale.
Acquiring top talent and placing highly-qualified candidates into the right positions in your organization is already hard enough, but what happens when your business needs to do just that in the middle of a skilled labour shortage?
In fact, that's the challenge most organizations throughout the world are experiencing today.
Below are the top strategies to implement when managing potential labour shortages:
- Engage employees by providing a safe and healthy environment
- Be proactive in hiring efforts- Recruit
- Partner with a qualified staffing agency
- Maintain a viable employee referral program
- Attempt to reduce turnover- Employee turnover refers to the number or percentage of workers who leave an organization and are replaced by new employees. Measuring employee turnover can be helpful to employers that want to examine reasons for turnover or estimate the cost-to-hire for budget purposes.
- Offer incentives to postpone retirement
- Hire temporary employees
- Outsource your labour hire requirements
Employee training is a part of employee skill development. It is not used for managing the shortage of employees in an organization.
Last updated on Jun 6, 2025
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