How does knowledge of labor market information assist HR professionals in developing a quality staffing plan?
Anwser: Knowledge of labor market information is very important because it allows human resources professionals to plan what kind of resources they can find in the market and accordingly choose the best options. In addition to the labor market information, important statistics on how difficult they can find can be to find certain resources or if it is very simple, which can influence the price.
From an external sourcing perspective, which HR initiatives and strategies are effective approaches to filling key positions in a labor market with talent shortages?
Anwser: The best strategy to fill this type of position is to look for specialized job vacancies or to have better access, for example, social networks at this time help a lot in the search for human talent, because in them you can see additional to the Resume the social, economic and personal aspects of the candidates, we can also see what they can think about what their interests are.
From an internal sourcing perspective, which HR initiatives and strategies are effective approaches to filling key positions in a labor market with talent shortages?
Anwser: Internally you should talk with the areas interested in acquiring the new staff in this case. You should mainly talk about how much you are willing to pay for this staff or this skilled workforce if the answer is that you can pay more than normal in the market will be more easy to get an answer from the candidates in any case if there is a shortage of talent what can be also is to hire a little lower staff and train them to fill the positions that have a shortage
