Reference no: EM131920311

1-2 PARAGRAPH RESPONSE TO INCLUDE INTEXT CIATION AND REFERENCE PAGE IN APA FORMATE

Qualitative Problem Statement

Ever changing demands in the business environment make it difficult for organizational leaders to attract appropriately skilled employees despite high unemployment rates(Asci, 2017). Forty-one percent of large companies do not have a formal recruiting strategy and fifty nine percent do not have a recruiting budget (Hill, 2017).

The general business problem is that voluntary employee turnover costs some companies money through productivity losses. The specific business problem is that some business leaders lack strategies to attract qualified candidates to fill vacant positions.

Quantitative Problem Statement

Ever changing demands in the business environment make it difficult for organizational leaders to attract appropriately skilled employees despite high unemployment rates (Asci, 2017). Forty-one percent of large companies do not have a formal recruiting strategy and fifty nine percent do not have a recruiting budget (Hill, 2017).

The general business problem is that voluntary employee turnover costs some companies money through productivity losses. The specific business problem is that some business leaders do not understand the relationship between official recruiting strategies and profitability.

References

Asci, M. S. (2017). A strategic differentiator in global competition: Talent management. International Journal of Commerce and Finance, 3(1), 51-58.

Hill, T. J. (2017). No money down: Nonprofit talent acquisition and retention strategies that can stretch training budgets and increase employee engagement. Training Magazine, (5). 44.