Employee Engagement and Employee Retention in the Labour Market
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This paper evaluates the impacts of employee engagement and employee retention on talent management in multinational corporations. It explores strategies for recruiting and retaining talented employees with meaningful experiences.
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EMPLOYEE ENGAGEMENT AND EMPLOYEE RETENTION IN THE LABOUR MARKET AND THE POTENTIAL IMPACTS ON ORGANISATIONS ABILITY TO RECRUIT LABOUR AS A SOURCE OF COMPETITIVE ADVANTAGE THROUGH TALENT MANAGEMENT. Abstract: Fast changes and developments in the labour market are occurring post Covid-19 pandemic, many of them related to employee engagement and employee retention. They all have substantial impacts on talent management in multinational corporations. This paper evaluated human resources strategies on recruiting talented employees with meaningful experiences in order to engage and retain them. Keywords:global talent management, COVID 19, human resources, attraction, employee retention, employee engagement, labour market, home working, e-recruiting, internet,
INTRODUCTION Global talent management aims at developing human resources or human talent base of an organisation, therefore ensuring that talented individuals are given important roles in an organization (Blass, 2019). Also, GTM is strategic in nature, as it emphasizes the development of capabilities and capacities of employees to enable them to meet the future needs and objectives of a business (Berger and Berger, 2019). Significantly therefore talent management focuses on developing an effective employee base for the appropriate utilization of talent pool of organisations (Brant et al, 2018). It can as be defined as the systematic attraction, identification, development, engagement, retention and deployment of those individuals who are of particular value to an organization, either because of their high potential for the future or because they are fulfilling critical roles at present. Talent management is a crucial part of the management and the effectiveness of the labour market (Gruman & Saks, 2011). Employee engagement and employee retention are significant player in talent management across different organisations. According to the office of National Statistic, the total number of workforce jobs in the UK rose a record 35.8 million, exceeding the pre-coronavirus level of December 2019 due to more people returning to work and rejoining the labour market.The highest employment rate figure before was recorded in February 2020, when it reached 76.6%. During that time, a massive number of 31.68 million people were employed. In recent times, the governments furlough program, which pays 80% of wages to those who lost their jobs in their workplaces due to the closure in the pandemic, has largely prevented a surge in joblessness. The significant rise in high levels of job vacancies over the past few months in UK have gained the national and organizational attention on the changes in the labour market, recruitment plans, talent management and other strategies to achieve national and organizational performance. In this paper, informed recommendations on the appropriateness of the key Human Resource (HR) strategies and interventions that could be adopted by organizations to deploy labour effectively in the recent economies. ATOS is a European multinational information technology service and consulting company headquartered in Bezons, France. It specializes in hi-tech transactional services, and unified communications. ATOS is a global leader in digital transformation with 107,000 employees and
annual revenue of over €11 billion. European number one in cybersecurity, cloud and high- performance computing, the Group provides tailored end-to-end solutions for all industries in over 71 countries including the UK (Atos, 2022).ATOS multinational corporations control a considerable number within its human resource from their operating branches globally. As a global leader in digital transformation, Atos Company manages over 100000 employees in over 71 nations. The massive operation in the human resource sector suggests its historical growth in global talent management, hiring workers, processing their data, and keeping a working culture within the organization (Ghosh et al., 2021, 108). Thus, with its massive operation across the globe, the organization Atos's digital transformation has technologically evolved since its launch in 1997. CONCEPT OF GLOBAL TALENT MANAGEMENT In the business world today, the strategic resources considered for meeting organisational or institutional demands to increase competitiveness are talents (Kasemsap, 2017). Prior to reviewing talent management describing the concept talent becomes necessary (Mohammed et al, 2017). Naim et al. (2017) explains that talent involves all skills and resources amongst the human resource element of an organisation which makes them high achievers and enhances their significant contribution to the organisation. This implies that a talent was a key resource which ensured that organisations progressed and grew (Ariss et al, 2014). With such ideas about talent, it therefore became necessary for resources to be effectively harnessed and directed towards greater purpose and utility. The concept of Talent management becomes important. Aljunaibi (2014) notes that rather than defining talent management, it was more acceptable to understand the process, as talent management was more a process than a concept. Talent management therefore entails the process which the human resource elements are positioned for greater effectiveness and efficiency (Dahshan et al, 2018). This underscores the fact that without effectiveness of resources an organisation may not achieve its objectives. Global talent management is therefore a strategic means were resources and skills were harnessed, developed and channeled towards achieving the right purposes for the organisation.
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Since, GTM had to do with nurturing, developing, and retaining specific skills in an organisation, it therefore implied that specific processes and procedures were involved in TM. Kamel (2019), note that it was difficult to have a definite meaning of GTM as it includes several processes such as ‘Talent Strategic’, ‘Succession Management’ and ‘Human Resource Planning, which are often used interchangeably. From the reviewed literature it appears that TM contained three major processes which include recruitment and selection, training and development and succession planning. These processes are discussed in the subsequent sections. HUMAN RESOURCES STRATEGIES IN THE GLOBAL COMPETITIVE MARKET Due in part to the existence of many drivers of the global talent challenges, there are many possible HR actions that firms can use in their global talent management initiatives (Beechler and Woodward, 2009). Matching an accurate diagnosis of a company’s talent management situation with possible HR actions is a first step in gaining and sustaining a global competitive advantage that may result from the successful implementation of the correct action. Several categories of possible HR actions that can be considered by multinational firms to deploy labour effectively and manage talents include: Organizational Linkages Talent management actions can only gain and sustain a global competitive advantage if they are linked to the actions and strategies of the organization (Nag et al., 2007). Nokia decided to relocate to Cluji, Romania knowing that the labor force there was both competent and willing to work at substantially lower wages than the workforce in Bochum, Germany (Ewing, 2008). This move by Nokia fit well with their business strategy, which was to produce high quality cell phones in a highly competitive market near a new market place. The HR action reflected a tight linkage between the firm’s business strategy and its global talent management strategy. This linkage was possible because Nokia gathered extensive labor market information and then used it to make an informed decision about where to (re)locate their operations. The business strategy and talent management strategy development reflected a tight reciprocal linkage (Ewing, 2008). Attraction and Selection
Today organizations are finding that they are having a much more challenging time finding the workers with the competencies they need to perform a wide variety of jobs, regardless of worldwide location (Scullion and Collings, 2006). In essence, workers at every level are more important than ever to multinationals that hope to be competitive, both globally and locally (Guthridge, et al., 2008). How firms navigate this challenge reflects assumptions they make about workforce management. Two philosophically distinct approaches to attracting and selecting talent are evident in the current literature: One approach assumes that some of a firm’s employees are more valuable than others. Huselid et al. (2009) capture this approach with the use of alpha terminology, e.g., Type “A” players, Type “B” players, and Type “C” players. For example, the UK retailer Tesco develops separate recruiting and selection tactics for applicants for frontline clerks depending upon whether they are straight from school, are part-time or graduates wanting full-time work. There is a separate website whose materials and language are tailored to that group (McKinsey, 2008). Tactics used for different groups are based on what the firm will be most effective and valued by the applicants, not on the firm’s view that some applicants are more valuable than others. Training and Development In locations where competencies fall short of what firms need, training and development programs can be used to improve the quality of talent available and at the same time increase a firm’s appeal as an employer. In China, Microsoft uses development and recognition programs that appeal to first time programmers. Development programs include a rotation to the U.S. and recognition programs include being selected as a Silk Road Scholar (Chen and Hoskin, 2007). Multinational firms like Microsoft and Schlumberger also offer attractive career management opportunities. Schlumberger makes it possible for engineers to achieve recognition and compensation equivalent to managers while remaining on their engineering career track. Applying this more broadly, multinational firms can be expected to emphasize internal markets even more (allowing employees to move around from job to job more freely), with rapid promotion for the superstars (Wooldridge, 2007). To address the need for leaders and managers with a global mindset that is broader than knowledge about the details of local country operations, many Chinese companies have begun
sending their best managers to intensive management-training programs, such as those offered through a corporate university or business school (Dietz, et al., 2008). Compensation The recent global economic slowdown put more pressure on firms to move to lower wage nations, and this trend may continue as global demand contacts and industries find themselves with excess capacity. Nevertheless, as long as the supply of qualified managers is limited in emerging economy nations, firms that wish to expand into those markets will need to offer high salaries in order to secure the talent they need. At Novartis, pay-for- performance is an important component of their global talent management effort (Siegel, 2008). Using the results of an employee’s performance assessment in the nine-box performance matrix, a bonus payout is calculated that recognizes both the individual’s performance and the performance of their business unit. Because the market for employees such as those in research and development is global, firms like Novartis set compensation rates at levels that reflect the global environment, even when that means paying salaries that are above the norm in some countries (Seigel, 2008). To help manage compensation costs, however, firms in this situation may locate their operations to second-tier (lower cost) cities. Retention Retaining talent is one of the biggest talent management challenges for global accountancy firms. Historically, annual turnover rates at these firms have been between 15 and 20 percent. In these accountancy firms, a variety of factors contribute to high turnover rates among early-career employees, including long hours, pressure to study during off-hours in order to pass professional certification exams, and an “up or out” partnership model (Harry, 2008). Jim Wall, the managing director of human resources at Deloitte, estimated that every percentage-point drop in annual turnover rates equated to a savings of $400-$500 million for the firm. To stem the turnover tide among early-career accountants, some firms have attempted to increase long-term commitment by providing data to employees, showing that employees who stay at least six years with their first employer are likely to earn higher pay at other firms when they do eventually leave (The Economist, 2007). Reduction and Removal
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Reduction can involve the reduction of work hours, days, overtime, pay levels, pay increases, benefits, new hires and holidays, and also the increased use of attrition, unpaid leave, assignment for local volunteer work, sabbaticals, and contract employees and outsourcing (Boyle, 2009). From these activities firms can reduce their costs and existing employees can retain their jobs. In contrast, removal refers to the use of layoffs or other measures that result in permanent job loss (Hansen, 2009). Firms have a great deal of choice in how they shrink their workforces, but their choices are not unlimited. For multinationals, decisions about which HR actions to use must reflect the concerns of various unions, governmental regulations, cultural norms and corporate values. UNDERSTANDING THE LABOUR MARKET It is generally believed that labour market determines where people will work and how much they will work and how much they will get paid. If the price of labour increases, the labour supplied also reduces (Chinoracka & Corejova, 2019). On the other hand, when there is a reduction in the price of labour, more people are employed. Hence, a competitive labour market. In an economy, the labour market functions with the need and provision – demand and supply of labour (Chinoracka & Corejova, 2019). Participants in the labour market include employers (person or organization) who are searching for workers to perform labour demand and the workers who are seeking to work for compensation after work has been completed. The Competitive Labour Market Trends labour market in an economy functions with demand and supply of labour, the market remains incredibly robust and talented candidates are hard to come by. Despite four consecutive, gradual quarterly falls, the number of vacancies to jobseekers remains at historically high levels. There simply are not enough skilled workers for the jobs available. This is contributing to very strong competitive regular pay growth, which is now running at 6.6% in the private sector. Employers are pulling out all the stops to attract, and crucially, retain staff. However, even if high inflation is eroding pay packets and a recession is forecast for the end of 2022, we are entering 2023 with record low unemployment and where the redundancy rate, whilst edging up, is below pre- pandemic rates (Roberthalf, 2022). To compete in 2023, employers will continue to need to step up – particularly in understanding their workforces and local labour markets, making their
proposition more flexible and value-added, such as improving access to training, wellbeing and support. The UK will likely enter a downturn soon, but employers are still recruiting and competing for talent, and redundancy intentions remain low. The difficulty in securing talent is affecting pay – public and private sector organisations are continuing to increase wages in a bid to recruit people, and hard-to-fill vacancies persist.In addition to raising pay and hiring new people, employers are focused on upskilling existing staff and delivering cost-of-living support (CIPD, 2022). The net employment balance – which measures the difference between employers expecting to increase staff levels and those expecting to decrease staff levels in the next three months – remained positive at +29, which was down from +34 last quarter. This continues to exceed pre-pandemic levels, pointing to strong employment intentions. Regardless of the slight slowdown in growth for early talent job openings, the overall volume of applications for tech job is up 22% from last year, and tech is still the most in-demand industry among the class of ‘22. Internet & Software industry full-time jobs have seen 2x the amount of applications as the next most popular industry (Management Consulting). Jobs in Internet & Software industries are seeing 42% more applications from the class of ‘22 compared to the class of ‘21. Anup Srivastava (2022) states that a recent series of mass layoffs in the tech sector, including Amazon and Meta’s dismissal of tens of thousands of workers, has created an incredible opportunity for companies that previously aspired to grow their ranks but couldn’t because of the lack of talent. Traditional firms that previously struggled to modernize business processes now have access to some of the best talent in the world. The same traditional firms, that could never afford to compete with recruiters from jazzy Silicon Valley companies, can now swoop in and offer career lifelines to dismissed tech workers. This talent can help turn their stagnant business models into digitally agile models, to prepare for increasingly turbulent business environments. UNDERSTANDING THE LINK BETWEEN EMPLOYEE ENGAGEMENT AND EMPLOYEE RETENTION TOWARDS TALENT MANAGEMENT Talent Management and Employee Engagement Employee engagement is all about how an employee is emotionally and intellectually committed to an organizational group. An engaged employee is always fully participative and enthusiastic
about the assigned job responsibilities (Falcone, 2006). When talented people feel important then their contributions will make difference to organizational goals and objectives. It enable them feel recognized, appreciated and valued, motivated and aligned to the organization's goals and objectives (Davies & Davies, 2010). Society of Human Resources Management (2012) survey reveals that talent management enables all the levels of employees focused on driving revenue that will result in employee engagement, performance improvement, customer satisfaction and reduced turnover and absenteeism- all of these will have impact on the bottom-line of the organization. Corporate Leadership Council study (2011) found that the companies using talent management strategies help in driving employee engagement, which resulted in 23% of increased performance against revenue expectations. Engaged employees within an organization provide a competitive advantage to organizations, as explained by the resource-based view (RBV) of the firm (Joo and Mclean, 2006). It’s commonly understood that engaged employees are motivated to contribute for the success of the organization, literature also reveals that work engagement which came from job satisfaction is derived from effective talent management practices, which results in lower employee turnover and productivity of the organization. CIPD (2021) report reveals that now organizations are placing more importance in talent management which results in more job satisfaction and engagement. Hewitt survey revealed that almost half of the companies studied planned to increase or sustain employee learning, engagement and development budgets through management of its talent during the economic slowdown (Beechler and Woodward, 2009). Important element of talent management is total reward management which enables employees to be contented and satisfied at workplace four times leading to employee engagement and organizational success, furthermore 82% claims that employee recognition enhanced their job performance. According to the Corporate Leadership Council (2004), “when done well, practices that support talent management also support employee engagement”. Talent Management and Employee Retention Retaining talented employees is the priority of many organizations and it is the key differentiator of human capital management .Major companies today are facing the challenge of retaining their talent competes in the global markets (Tarique &Schuler, 2010).75% of Chief Executive Officers agree that managing the organizational talent is their key priority. People, intellectual capital and
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talent are ever more critical to organizational strategic success (Frank & Taylor, 2004). Talent management is a tool to strengthen organizational capability through performance management, talent development and succession planning and career planning which eventually lead to organizational success (Iles, 2007). Talented employees leave the organization if they are not satisfied with the total rewards, leadership and organizational policies etc., These problems occur when proper talent management practices are not in place (Griffeth and Hom, 2001). In the current competitive business environment, retention of highly talented employees is very important (Smith, 2009) as they contribute positively in improving the organizational productivity. Turnover reduction of these positions is important for organizational success, there is also view that improving employee turnover reduction beyond certain point will lead to diminishing marginal returns (Boudreau & Ramstad, 2007) Dissatisfaction with the job is the main reason for the individuals turnover decision. In spite of many endeavors by the organization to retain its talent, many employees leave their jobs. Some turnovers are unavoidable. Organizations always try to manage low job satisfaction, poor supervision or pay issues to make sure there are no avoidable turnovers. Research also revealed that decline in employee turnover rates are related to sales growth and improved employee morale. High standard HR practices contribute to company‟s profitability and market value and decreasing employee turnover rates (Batt, 2002). Organizational performance has negative impact on employee turnover. Pay levels and employee satisfaction are important predictors of individual turnovers. HOMEWORKING (WFH) AND PHYSICAL WORKPLACE: THE WAGE COMPETITION Germany Labour Minister wants to enshrine homeworking into law then, but chancellor Angela Merkel opposes the motion due to the fear that the country might suffer economically if labour productivity does not meet consumptions and demands. In another argument country like Japan were not affected by the virus so such so working from home during the pandemic was not a popular topic for them as they believed it might affect the country productivity while UK Prime Minister supported the idea of working from home and it was implemented without much tussle in the parliament.
Aliisa (2021) notes that new business operations models which transcend into the home work was an essential strategy with companies adopted during the COVID19 era. For instance, 56% of companies still maintain remote work, Remote work also brought its associated challenges especially in training and development and succession planning. Carrying T&D remotely was difficult, records revealed that T&D carried out remotely cost 10% than carrying out traditional physical workplace on T&D, also succession planning was difficult as employees were easily distracted from work while working from home (Boiral et al, 2021). However, relatively more quiet work environment increases productivity at home, while in contrast, lower access to supervisor support and teamwork is expected to lower performance at home. Besides, the job’s working from home (WFH) feasibility and availability of amenities at home (separate workroom, appropriate electronics, etc.) are also essential for employees to continue working from home without skimping on work performance. As per Dingel & Neiman (2020), in Western countries, about one-third of jobs can be performed entirely at home, and that WFH feasibility is notably higher for high paid jobs in high-income economies. Additionally, many individual-level characteristics are also important correlates of working from home (WFH) possibility. For instance, research finds that male, older, and high-paid employees report higher WFH possibility (Adams-Prassl et al., 2020). Dutcher (2012) shows that WFH’s productive effect predominantly exists among workers performing creative tasks (with higher WFH feasibility), whereas WFH is counter-productive for workers dealing with dull tasks. The results of Felstead & Reuschke (2020) for the UK indicate that employees who worked at home relatively infrequently reported a downward shift in their productivity, whereas employees who did all their paid work at home reported that they got more done per hour than they did before the lockdown. Employees in the Post COVID19 era were more skeptical about jobs and also prone to unethical acts, due to their experiences of abrupt termination of jobs during the COVID19 era, employees were less loyal to organisations as there is a strong perception that their jobs were not secure and was subject to environmental factors (Boiral et al, 2021). Companies in the post COVID19 era therefore have significant work to do in developing their talent base. Companies needed to do more work especially in recruiting and developing the right talent. Etheridge et al. (2020) employ
British data and find that the self-perceived home working productivity increased for workers in industries that are more suitable for home office and declined among those in low-paying jobs. FINDINGS Method Using key human resources strategies and interventions adopted by organizations, this paper investigated how the ATOS was able to deploy labour effectively in the stated circumstances. These strategies and interventions are analyzed using competitive market and the case of ATSOS global company. A qualitative research method was adopted with respect to the case study. To obtain data, several articles were used as data sources and a review of available literature. Case summary at ATOS Historically, ATSOS growth started from Axime and Sligo's merger in 1997. As a single company, Atos focused on offering information and consultant services on tech-related services. The company started its operation in France before it became a multinational organization offering digital services to global companies (Matt, et al., 2015, 340). Currently, its headquarters are in Bezons, France, with numerous branches across the globe. Specifically, the company provides tech services such as cyber security services, extensive data management, unified communication, and other hi-tech transactional services that most organization operates. Globally, Atos Company operates under different brands such as Unify, Canopy, Atos Worldgrid, Atos Healthcare, Atos Consulting, and Atos/Syntel brand due to its massive growth in the provision of digital services to different sectors (Bach et al., 2018, 110). The organization has grown from merging other organizations and firms to forming a diverse multinational company that serves a wide range of services. This company objective significantly implies the importance of the company is not only driving security and hi-tech across the globe but also pioneering efficient talent management culture in its organization. As a result of this gradual change in its brand, the company has a vast human resource service that suggests its needs and focuses on its recruitment and selection as it further expands in the global market after the COVID19 pandemic.
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The Board of Direct controls the company's hierarchical structure through the Chief Executive Officer and Chief Finance Officer (C.F.O.), who operates from the company's main headquarters in France. The group C.E.O. of ATOS is Nourdine Bihmane and C.F.O. Nathalie Senechault. Through this senior executive officer of the company, the organization structure is managed from the senior administrative body to the junior staff at the organization both in the headquarters and across the globe. The hierarchical control of the organization employees and workers consists of massive data management that requires efficient control from the recruitment stage to the promotion process. Thus, explaining how the organization has transformed from its traditional human resource management to a modern human resource information system that uses a digital framework to hire and incorporate workers' information in the organization system (Tardieu et al., 2020, 211). Therefore, through the ATOS human resource department, the organization can maintain good employee engagement, retention and provide digital and security services to its market target in the global environment. Findings The COVID-19 pandemic has shifted recruitment toward digital media; Companies are also now looking to invest in software’s to help search several candidates and help shortlist of the most relevant candidates based on unique Keywords and skills are set to enable them to accomplish their Hiring objectives while retaining their current HR duties on a remote job schedule. 94% of HR professionals say their using of recruitment software has positively impacted their hiring process (Deloitte, 2020). On the other hand, organizations that used recruitment tools prior to the COVID-19 were able to adapt rapidly and efficiently and their transition to a truly virtual recruitment process was a smooth boat. Much of them only replaced face-to-face interviews with live video interviews, while the remainder of their recruiting process remained the same as before the COVID-19.The secured technology was the secret to a smooth transition to remote recruiting of ATOS. While the pandemic was a massive obstacle for most businesses, when it comes to how we attract, COVID-19 has also brought some positive improvements. The pandemic has helped numerous businesses innovate and modernize their recruiting processes (Michael Vincent B. Sakai, 2020). Currently, Atos Company has increased its digital integration in the recruitment process on its website to enable e-recruitment and sustains its culture of attracting talents, retaining, and
bringing millennial into the workplace. This digital transformation has been achieved through the recruiting model of processing employee files through the Human Resource Information System (HRIS), from the top management to the human resource. Initially, the company was using old technology such as emails, documents, and the gap between the company's core H.R. system and the employee document management. The company planned to implement a digital strategy that would allow H.R., managers, and employees to take part in end-to-end H.R. services delivery. This tool would also increase the processing of information for new and old employees. This digital technology (cloud-based system) was implemented in all the 72 companies in the international environment (Jelovac et al., 2021). The transformation impact of this system was that the managers were not required to send emails and use other electronic methods to H.R. to approve new workers in the organization. Instead, the manager accesses the HRIS directly and generates the document automatically without much hassle. This will now become big steps to its e-recruitment plan. Employee engagement and retention in ATOS ATOS believed that the new digitalization and way of working imposed by COVID19 crisis is not only sustainable but can further evolved. ATOS has planned to become more efficient and effective so as to break through layers of complication and inertia (Atos, 2022b). Increasing employee engagement in an organization through the digital platform requires that the employer build trust with the employee. Typically, when employees know that they trust them, they will feel more comfortable working with the organization. Trusting employees entails using digital platforms under minimum or no supervision. ATOS planned to allow employees to use self- service management tools in the workplace to increase productivity. However, companies can stipulate general guidelines. In addition, by increasing sharing and collaboration among employees, they are likely to engage in the organization more (Henriette, Feki & Boughzala, 2015, 439). Collaboration among different departments in ATOS improves communication, which makes the company successful. Networking services and intranet allow workers in different locations to remain connected. They can work together between departments; hence technology increases their engagement. Departments can be essential in helping staff sync and share information throughout the varied stages of a project. Social interaction among employees is also crucial in
strengthening relationships. The open strategy encourages employee engagement as it promotes inclusiveness and transparency through which would lead to more employee retention (Atos 2022b). Atos digital transformation in the H.R. domain has focused on streamlining data management, administration, processing, and operational for H.R. to the organization's performance. These technological developments have been used to attract talents, retain, secure the organization's future and bring the millennial into the workplace. Lastly, according to survey on indeed.com (2020) out of 128 workers response, 70% were okay with the leadership response to the pandemic. While getting on homeworking (WFH) allowances 89% from 44 responses voted they did not get allowances for home working. During the pandemic ASTOS gave permission for home working (WFH), while physical appearance at workplace might depend on particular project. Ever since that period homeworking has become big working pattern of ATOS. Conclusion Technological advancements post COVID19 has made it possible to optimize many aspects of modern corporate operations, including talent management in the competitive labour market. Homeworking has now become more acceptable way of working in many organization post the pandemic and many human resources manager has been able to create link between this and work productivity. More than ever, many organizations understand that their most valuable tool, in terms of business survival growth, is employee development and engagement. In business, employees are the front-line workers who come across the customers daily and these businesses can only function if the staffs are both engaged with the company’s vision and ideas whilst empowered to support and implement its plans (Broadhurst, 2012). This has led to the companies organizing an efficient Human Resource Management for the employees to strategically attract skilled hands, recruit them, keep them on board by learning and developing their talents, reward and recognize their efforts by providing incentives and other benefits (Alzyoud, 2018).
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There is a high interconnectedness between employee engagement and employee retention in the global talent management system, the way of attracting these talents must be strategic by the human resources team in other to help multinational corporations get the best talent. Candidates may be drawn to and assisted with the recruiting process via the use of online recruitment. As part of the recruitment process, most recruiters utilize their own business website, a third-party job site or job board, a CV database, social media, or search engine marketing. Online recruiting is also often done via one's own firm's website. Because employees are an organization's most valuable resource, making smart hiring decisions is essential to a company's overall success. The Human Resource Department is responsible for the most important aspects of the employment process, including recruitment, employee retention, and motivation. Performance is the most important factor in determining whether or attracting best candidates in recruiting strategy is successful. When compared to the internal recruiting systems of many businesses, internet recruitment is superior in terms of efficiency, dependability, and security. However, rather of placing the ads in online websites, it would be cost efficient and also increase brand recognition if various organizations construct an online recruiting system in their own web page. So for the ATOS group, it is clear that an online recruiting system is preferable to the both of internal and external recruitment systems used by the organization.It can conclude that this process deals with the attainment of organizational objectives by selecting the most appropriate talented candidate. Everybody had a difficult time adjusting to the circumstances since the COVID19 pandemic caused the globe to convert to an online form of working; even while it was not unexplored ground, it was a method of operation that had not been explored extensively previous to the outbreak. Since year 2020, when virtual meetings became necessary for businesses to function and exist, institutions have started to move and adapt to changing circumstances. This change to virtual functioning, like any other, has presented certain obstacles to both service providers and users. One of the most difficult issues has been in attracting new staff via the virtual medium. Aside from that, businesses must ensure that their digital selection procedures are up to par. It is not advisable to annoy the applicants during the interview; instead, allowing them to demonstrate their strengths can go a long way toward generating a positive experience for them.
Additionally, with positive wage competition making sure that current workers on the payroll are happy may go a long way toward establishing a welcome environment for the new personnel; this will foster the link between employee engagement and retention. To be successful, human resources must work in a highly humanistic approach in a completely contemporary digital environment as indicated above. A large number of businesses began experimenting with virtual techniques of improving existing processes in the hope that this might ultimately contribute to the fight against the competitive labour market caused by pandemic in search for skilled workers. Global talent management is growing increasingly popular as a result of disruptive pandemic elements to the global economy, as well as the competitive labour market in search for talents. E-recruiting, in contrast to traditional recruitment methods, is a recruitment process that takes place remotely, without the requirement for face-to-face interaction between recruiters and candidates, and it is becoming increasingly popular among employers and job seekers. Consequently, contemporary technology plays a significant role in the great majority of these virtual techniques to attain their objectives.
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