Resourcing and talent management Essay Example | Topics and Well Written Essays - 2250 words

Resourcing and talent management - Essay Example butother countries as well soared to an all-time high. In the past few years, the countries have tried to recover from the effects that the recession had on them. This is evidenced by economic growth evidenced in the GDP (gross domestic product) of the countries. In the United Kingdom, the economy has been fluctuating since the recession came to an end (LSE, 2013). However, since the end of 2011, the economy of the country has continually deteriorated much to the dismay of many. Economists have referred to this situation as a contracting economy since it has consistently been decreasing. It is important to note that the drops in the GDP are not very dramatic and range between nought point five to point seven (LSE,2013). Based on this information about the reality in the labour market, it is easy to understand the problems facing GIVE. org. It is a charity organization that was formerly among the best. It merged with other mergers, and this affected the group significantly. The greate st problem they are facing is low employee morale. The productivity of an employee is directly related to their confidence. Reduced drive among employees reflects negatively on the business as the staffs do not do their best at work (Nickell and Quintini, 2002, 35). This is especially dangerous for a charity organization since their work is heavily dependent on the optimism of their personnel. A merger during tough economic times can be either extensively beneficial or harmful to the company in question. It is often useful if the merging company is powerful in terms of its capital, for example, (LSE, 2013). In such a case, the more successful business will be able to pull the other through the hard times. On the other hand, amalgamating a business with not one but two smaller firms that were not doing well was not a wise decision for GIVE.org. The merger lowered the performance of the company which in turn affected the confidence of the employees. This is an example of how the event s in the labour market have affected a particular business in this case GIVE.org. Another problem facing the charity business is that most of its employees are leaving. This is probably due to the deterioration of the business as well as the availability of jobs especially from the private sector. This seems to be a contradiction since the economy and the GDP are decreasing. It expected that the companies should be lowering their workforce since their output is low(Nickell and Quintini, 2002, 35). However, in the United Kingdom, this is the complete opposite; the said companies are still hiring more staff even with their output being low. As a result, the employees are under-utilized since they are not working to their full potential. This trend is fast becoming popular and is known as labour hoarding (LSE, 2013). The explanation behind this puzzling development in the labour market, in the U.K., is that the said companies are acquiring the available labour in preparation of a boom in production which will occur when the country experiences economic growth. Many analysts contest this presumption since the labour hoarding has been going on for many years yet no change in the economy has been witnesses. As such, this cannot be the only reason why the companies are still acquiring new employees during this time (Taylor, 2011, 27). This phenomenon explains why the staffs from GIE.org are leaving. They have probably been offered jobs by the private sectors who in spite of the bad