Ask Operation Management Expert

Although many job categories experienced an increase in demand for labor at the end of the last recession, nowhere was the battle for talent more intense than in the technology industry. The fast growth of opportunities in social media, mobile cell applications, and e-commerce has created a huge need for people with skills in the area of hardware and software development. Jobs posting data for technical workers indicates that while the number of new listings in this category dropped 50% from January of 2008 to May of 2009, between May of 2009 and October of 2010, the number of openings increased by 90%. This in turn has ignited a bidding war that illustrates the lengths that companies will go to compete when recruiting new employees. In some cases, the battle reflects a "Clash of Titans," and takes place between large and wellknown players such as Oracle, Hewlett Packard, Microsoft, and Facebook, who often raid each other in an effort to poach the best workers. From a competitive standpoint, poaching is a powerful weapon because one increases one's own advantage while at the same time, weakening one's competitors. For example, Juniper Networks snatched m ultiple executives from Cisco systems in 2011, drastically changing the balance of power in that sector of the industry. Twitter started courting Google's product development vice-president, Sundar Pichae, but was turned away when a $5 million counter-offer was placed on the table. As search firm executive Jeff Sanders notes, "Employers are really taking a look at the top 10% of performers and asking, 'Are we locked in?"' In other cases, the fight takes on a more "David versus Goliath" theme as small startups with big ideas but small budgets struggle to lure highly skilled workers from more well established firms with strong social reputations. For example, Casual Collective, a small 14-person gaming company, raided Adobe Systems and stole engineering product manager Danielle Deibler who took a cut in salary to make the move from large to small. This was more than offset, however, by the larger role that she would play with her new employer. "In a large company it's hard to have a lot of impact on the direction of a product or the strategy," Diebler noted, and the stock options she received would make her a millionaire if the small startup ever was successful enough to go public. In still other cases, the struggle is one of "Apples and Oranges," in the sense that employers who are not themselves in the tech industry, still require that type of talent and thus have to compete against tech-based rivals that are a more obvious fit for people who are being recruited. For example, the growth of high frequency trading firms in the financial industry has created an unprecedented demand for hardware and software specialists, however, the people with the right kind of skills have never even considered working on Wall Street as a potential career. Financial firms have to pay a great deal more to lure the best talent, and even then it is sometimes an uphill struggle. Especially in the wake of the recent financial crisis, many applicants are leery of working in the finance industry. "I've had people at interviews ask me pointblank, what the social value is that we're adding" states a recruiter for Knight Capital Group's electronic-trading firm. "It's very hard to compete with the well-known startups here."

1. Assume for a moment that you were a small new company seeking talent that is in high demand. Based on the materials, how might you go about competing larger and more estabished firms in terms of how, where, when, and whom you would use to recruit the best employees?

2. Assume for a moment that you were a large and well-established company, but learned recently that many of the people you were recruiting were choosing to go to smaller and less well-known upstarts. How might you go about competing against these smaller companies in  terms of how, where, when, and whom you would use to recruit the best employees?

3. Assume you were a large and well-established company that was now facing a labor surplus in some job category. Why might it be best to use some method other than layoffs to reduce surplus, and in what sense are your options here as to how well you did in terms of forecasting labor demand and supply?

4. What biblical principles apply here?

Operation Management, Management Studies

  • Category:- Operation Management
  • Reference No.:- M91990497

Have any Question?


Related Questions in Operation Management

Conflictdefine functional versus dysfunctional conflict in

Conflict Define functional versus dysfunctional conflict in a work group and explain how you can increase functional conflict and decrease dysfunctional conflict. Develop a response that includes examples and evidence to ...

For this assignment you will need to find 2 articles in

For this assignment, you will need to find 2 articles in business that can help describe what are IT strategic initiative being undertaken by an organization are like. Choose a different organization for each of the arti ...

Coping with problems joe is a little nervous he has just

Coping With Problems Joe is a little nervous. He has just been transferred from another plant to take over a production line. Production is down and there is a serious problem with absenteeism. To make matters worse, the ...

Over 30 years ago michael porter identified a holistic

Over 30 years ago Michael Porter identified a holistic approach to understanding how competitive forces shape strategy. He posited that the only way to truly insulate an organization from underlying economic volatility i ...

You are the contracting officer for an air-to-ground

You are the contracting officer for an air-to-ground missile development program. A contract for pre-production models of the missile was awarded by your predecessor and the contractor is behind schedule. In a program me ...

The ikea case provides an excellent opportunity to apply

The IKEA case provides an excellent opportunity to apply strategic management concepts to a large privately-held company that is expanding into India. IKEA is a Netherlands-based Swedish company with a presence in 44 cou ...

Can you answer for me the following questions about social

Can you answer for me the following questions about social loafing and the three main causes of free-riding. 1. Give a description of the phenomenon of social loafing. 2. Give a description of the phenomenon of free-ridi ...

1 analyzing the bridgestonefirestone and ford motor company

1. Analyzing the Bridgestone/Firestone and Ford motor company, is it sufficient to use the ISO/QS 9000 standards as the main basis of vendor/product selection? 2. What position to these cars company ( 1. Volkswagen, 2. F ...

Research the effect of primary and secondary seat belt laws

Research the effect of primary and secondary seat belt laws on the occurrence of motor-vehicle injuries and fatalities. Explain how epidemiologic studies influenced the development of current seat belt laws. Describe how ...

Please provide a brief paragrap of the key takaways from

Please provide a brief paragrap of the key takaways from each of the following topics: Designing Clear Visuals in business reports Designing Successful Documents and Websites Writing Winning Proposals

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As