LITERATURE REVIEW ON RECRUITING, SELECTING & RETAINING KEY EMPLOYEES - pdf 24

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ii Abstract In practice, a large number of companies pay a great attention to human resources, but they do not really know what activities should be carried out. Many companies are likely to recruit relatives of the company’s employees, which are seen as a motivation and an encouragement for them to achieve better performance in the companies. It is clear that the companies need a new approach to human resources, starting from recognizing ways to tailor the human resource strategy to fit the corporate strategy. Mai Dong Mechanical Company is not an exceptional case. Mai Dong Mechanical Company has been facing a crisis of human resources with the turnover rate of key employee increasing significantly in recent years. Consequently, the current human resources have not fully met working requirements both in quality and quantity that has influenced the working efficiency and productivity of the company during the previous years. Recognizing the human resource of key employee as the most important asset and the core competency of the company which greatly contribute to the company’s success and create a competitive advantage for the company development, this case research emphasizes an analysis of the current human resource of key employee of the company; root causes which influences on the effectiveness of the human resource of key employee, especially the recruitment and retention issues. It identifies key factors needed to be considered and improved to develop its recruitment and retention functions at Mai Dong Mechanical Company in the future.
In practice, a large number of companies pay a great attention to human resources, but they do not really know what activities should be carried out. Many companies are likely to recruit relatives of the company’s employees, which are seen as a motivation and an encouragement for them to achieve better performance in the companies. It is clear that the companies need a new approach to human resources, starting from recognizing ways to tailor the human resource strategy to fit the corporate strategy. Mai Dong Mechanical Company is not an exceptional case.
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