Challenges and Strategies in Manpower Acquisition in the Information Technology Age

Abstract

The world economy has enjoyed sustained expansion an d growth since the 1990s. This coupled with the rising dominance of information technology and global com petition has put human capital at a premium as a factor of business competition and organizational success. The exit o f the baby boomer generation from the workforce into retirement at a rate faster than the entry of their replacement cohorts, and the job-h op p in g tendencies of the talented few, among other forces, have made the task of recruiting and retaining skilled workers a daunting exercise for most companies, particularly in the IT industry. This paper, through a review o f best practices an d innovative strategies, synthesizes an d suggests approaches that business organizations can pursue to enhance their efforts at recruitment and retention of the highly educated an d skilled workers needed for success in the current workplace.