Industrial Relation Essay Example | Topics and Well Written Essays - 2750 words

Industrial Relation - Essay Example The findings of this research will provide insight about recruitment and related human resource practices that are largely influenced by internal as well as external factors. The internal factors affecting recruitment in Qantas include the recruitment polices of the company, its Human resource staffing plans, cost incurred in hiring an employee, the organizational culture, compensation packages, growth rate of a company, future plans and finally the size of operations of the organization. The internal factors assume considerable importance not only in recruitment policies but also in retaining the employees. Internal factors affecting employee retention include job satisfaction, effective compensation and reward system, benefits and a proper work culture. These aspects lead to job satisfaction and employee motivation thereby leading to organizational efficiency. External factors affecting recruitment and employee retention involve governmental regulations and legislations including l abor laws. In addition to this factor other important external factors include socio economic climate of a region, the job market and the nature of talent available in an area, aspect of demand and supply of skilled labor force, rate of unemployment in the society and finally the perceived image of the job seekers in the market. These external aspects in turn have affected internal factors as business profitability has declined. The summation of these effects has led to growing tensions between workers and the management with regards to human resource policies. ... The internal factors assume considerable importance not only in recruitment policies but also in retaining the employees. Internal factors affecting employee retention include job satisfaction, effective compensation and reward system, benefits and a proper work culture. These aspects lead to job satisfaction and employee motivation thereby leading to organizational efficiency (Hennig-Thurau & Hansen, 2000, p.161). External factors affecting recruitment and employee retention involve governmental regulations and legislations including labor laws. In addition to this factor other important external factors include socio economic climate of a region, the job market and the nature of talent available in an area, aspect of demand and supply of skilled labor force, rate of unemployment in the society and finally the perceived image of the job seekers in the market (Geet & Deshpande, 2008, p.5.4). All these factors hold immense importance for ensuring long term organizational efficiency of an organization. In case of Qantas the company management is facing considerable internal as well as external issues. As per the extracts from the interview with the company’s CEO the firm is faced with a high competition and turbulence in the internal environment such as rising oil cots, advent of low cost carriers and the stiff competition on international routes by state sponsored carriers like Emirates. These external aspects in turn have affected internal factors as business profitability has declined. The summation of these effects has led to growing tensions between workers and the management with regards to human resource policies. IR Issues and Challenges Australia