Why it is difficult recruit high skilled workers?
In the roofing company, it is difficult to recruit high skilled workers because generally recruiting is done by internal referrals which limit to the low skilled workers.
Young workers have shown less interest in pursuing career opportunities (Davidson et al.,2013).
The city possesses a trading area of 520,000 and advances infrastructure that helps the construction industry.
How to get sustainable support from the government ?
Construction company gets sustainable support from the government as well as in the economic aspects as well which helps them to expand in the market (Grills, 2013).
Due to many industries in Kelowna, there is shortage of skilled workers.
The government provides financial and political support to the company, so it is the need for the company to maintain relations so that they can operate effectively in the market even if the political distress took place in the market (Tedesco, 2016).
Explain the economic opportunities.
The economic service that the commission provides to the company assists them in making innovation in the process and providing them with the economic opportunities for the growth of the company in the market and enable them to achieve success in the process (Cochrane & Bekele, 2018).
As there is rapid change in economic trend, company is not able to track important data which can affect their business in their market.
As discussed, there is shortage of skilled workers in construction industry because of cutthroat competition in the market. Younger generation don’t want to choose construction as their field and there were so many industries in Kelowna which need skilled workers to provide best services in the market. Moreover, it is very important for the company to maintain good relations with the government to get support so that they can expand their line of business. If company want to hire skilled workers, they should be aware of the economic trends due to rapid changes which was creating problem for them as they don’t have proper system to track all these things.
Time will be saved because company need not to do job posting and wait for the applicants to apply.
With respect to cost, this method is also efficient as company need not to produce job description and pay for the advertisements.
Efforts are also saved because when they hire externally, lots of people will apply for the position and company needs to screen them all to find the right one.
Company will loss control on the hiring process.
This solution seems costly to the company because the agency might require more funds for their services.
Agency might be biased and hire someone who is known to the agency even if they are not fit for the position.
Different agencies charge in different ways.
Salary for 1 employee for a year is $25,920.
Agency will charge 15% on annual basis for each employee.
So total cost of 30 employees is $1,16,640.
It helps the company to retain the employees which ultimately leads company to the next level.
It saves a lot of time of the employer as the company stays out of hustle of recruitment process.
Company might need to pay more to the trainers for the betterment of the employees.
New talent might not get a chance to be a part of the company.
Training will be held for 5 days.
Trainer cost will be $10000, meal cost per employee is equal to $30 for 5 days, so total cost of meal for 30 employees is $ 900
Salary needs to be pay to 30 employees while on training is $27,300.
Facility expenses will be $1000.
Total expenses will be $39,200.
To recruit skilled workers, company can go for On-The-Job training which will help in employee engagement and helps the leader to understand the capabilities. So, the trainer cost will be $10,000 for 5 days and employee salary will be $27,300 and including other cost like meal and facility expenses, it will be $1900. So, the total cost will be $39,200 which is not costly for the company and help the company in a long run to give better services.