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Retention And Recruitment

Recruitment and Retention:
Meeting the Challenges of the Shrinking Labor Market

The Issue
As a soon to be recipient of JD/MBA degree from the _________, I have been heavily engaged in the process of putting both my professional and educational experiences to the test in the job market. As a result of my efforts to find way through the maze of career sites, I have become fascinated/frustrated by the recruiting process. In order to squelch my curiosity and gain an understanding of the recruitment process, I have decided to explore the inherent challenges organizations face in recruiting and retaining quality employees. To provide a real world context for my research, I contacted xxxxx, Human Resource Director, at xxxxx . XXX discussed with me his current challenge in hiring a qualified candidate for a Vice President of International Product Development position within his organization and affirmed the increasingly difficult challenge in recruiting the right person for the right position.
Building a high performing workforce has always been essential to maintaining a competitive edge. In light of the predicted shortages of qualified workers in the United States, building and retaining a high performing workforce will become increasing important. In this paper, I will address the critical nature of building and retaining a high performing workforce. In addition, I will make several recommendations to Franklin Covey in order to improve their recruiting and retention process and remain competitive in the increasing shrinking labor market.

Research
A few major trends are unfolding to reshape the workforce of the future. First, potential labor shortages and changing demographics are reshaping the work force. As the baby boomer generation inches closer to retirement, the U.S. moves ever closer to a potential labor shortage. According to the Bureau of Labor Statistics, between 1950 and 2000 the U.S. workforce added 79 million workers — an annual...