To what degree are resourcing stragegies constrained by the nature of Essay

To what degree are resourcing stragegies constrained by the nature of the external employement market and how can the human resources function respond to these - Essay Example It basically deals with the process of selection and socialization of new recruits towards getting the right work done by the right people. Aside from this, resourcing also helps the company understand the expectations of its prospective employees on issues such as: the reasons why people work, expected working conditions and salaries, promotions and the varying employment levels, effects of competitor activities on employee availability, and working patterns. On the other hand, the Hudson Institute, in its Workforce 2020 publication, indicated that resourcing strategies are, as a whole, not only involves the needs and expectations of employees but as well as the movement of its external environment. This involved the aspects of: (a) economic and technological change, (b) workforce availability and quality concerns, (c) demographics and diversity issues, and (d) organizational restructuring. Given the aforementioned issues and constraints, there is evidence to prove that the external employment environment has a great contribution in the manner to which organizations utilize its resourcing strategies. Before further discussion on the nature of the external environment, there is a need to answer the question, why do people work? In any working environment, people work, not only because they want to, but initially because they need to. In exchange for the amount of work they do for companies, employees get compensated and rewarded for the work well-done. Like in the case of American Express (HRM Guide, 2001), wherein it awarded its Canadian staff after the company had surpassed its 5-year financial targets and record. Since people work in exchange of the compensation they get, American Express equaled the loyalty and hard work of its 3,500 employees by benefiting them with a bonus plan for its entire Canadian staff and a stock purchase plan in which the employees can have an option of buying the company’s shares through its savings