Recruitment of a Star

Recruitment of a Star

Group 10

Problem Statement

How to find a suitable replacement for star analyst Peter Thompson.

External Analysis:

PESTCL:

Factor | Impact |

P | N/A | N/A |

E | Compensation differences between WallStreet and boutiques | The compensation paid for a star analyst is very high in the large industries as compared to the employees in the small boutiques. |

S | Good connections in the industry | The nature of the work demanded employees to be outgoing and have good connections with top players in the industry. |

T | Intensive use of technologies for research and industry knowledge | The intensive use of technologies required the employees to be efficient in using those technologies without the assistance of their sub-ordinates. |

C | NA | NA |

L | NA | NA |

Internal Analysis (RSH):

Strengths * Work Culture * Employee engagement * Consistent rankings * Good experience in the industry * Off-site retreats * Low turnover rate * Team approach * Flexible working locations | Weakness * Dependence on outside organisations for talent acquisition * No senior employees to take up the post from the company after a person’s retirement |

Opportunities * New deal with Power Chip company * Globalization in semi-conductor industry | Threats * Highly dependent on the head of the semi-conductor research * Talent pool of RSH being poached by rival companies |

Listing the factors

1. Relations in the industry

2. Industry Knowledge

3. Team approach

4. Flexibility of work

5. Industry Rankings

6. Talent Acquisition

7. Dependency on star analysts

8. Talent pool retention

9. Work culture

10. Employee Engagement

11. Technology

Identify and list factors

The critical factor list from the above factors is given below,

1. Work Culture

2. Team Player

3. Industry knowledge

4. Relations in the industry

5. Flexibility of work

6. Industry Rankings

7....