Question # 1:
The demand for talent at Yahoo is high. The tech company requires more software experts to help it create new products for the ever-growing market. The company’s demand for new labour is widely influenced by its strategy to continue improving the existing products while creating new products that are capable of attracting the best talent. The concept of labour supply is largely related to the amount of workers that are available in a particular economy or industry (Borjas, 2009). The highly trained and highly talented technology oriented labour is still in short supply. The quality of training programs in various institutions that offer information and technology courses directly influences the supply of labour that is required at Yahoo.
Question # 2
The actions that Yahoo can take towards strengthening its internal recruiting activities include creating opportunities for employees to advance in their careers and allowing them to be part of the day-to-day decision-making processes. It encompasses allowing them to give their ideas or standpoints on the future growth of the company. Furthermore, the company should be more innovative programs and create new strategies that will get more people involved in the creation of the products. Yahoo should create new career opportunities for the development of innovative and new technologies.
Question # 3
Recruiting from colleges is not an easy thing because it requires building, developing, managing, and maintaining campus relationships (Borjas, 2009). A strong relationship is built based on long-term strategies, instead of focusing on short-term results. Career fairs can be used as platforms for recruiting on campuses because they allow employers and students to interact. After setting the recruiting goals, the company should choose the campuses carefully. Specifically, the choice of institutions should be influenced by the majors that they offer, campus location, and the quality of their programs (Borjas, 2009).
References
Borjas, J. (2009). Labor Economics. New York: Prentice Hall Press.