Foundation in Workplace Success

Question: Discuss about theFoundation in Workplace Success. Answer: Introduction Pros Talent is a crucial part of growth and economic development of a company. It facilitates growth and competition. Talent is equally important to other factors like capital, technology, land, and infrastructure. In the food and beverage industry, it is vital for the workers to have an increased concentration. Workers have to adhere to quality and safety standards. They have to do the repetitive task every day. Knowledge of hygiene and health and safety regulations is of utmost importance (Christensen and Schneider 2015). Employees and workers must give a lot of attention to detail. They must be fit and able to perform tasks that are physical in nature. Workers must be efficient in using tools. They may have to work at night. Because of these reasons fewer people may be interested in working in this sector. The employment trend in this industry is growing slowly. This industry is creating new job opportunities for the people. As a result, more and more people are joining. Attracting and retaining highly talented people is crucial for the industry to grow (Ariss et al. 2014). In a highly competitive market, it is important to keep talented people. Highly talented people would ensure prospects of high quality. A candidate with a better experience and excellent communication skills would be beneficial to the company. The industry must focus on developing talent and skills through training and work to attract more workers. Talented people will always find opportunities to grow. Recruitment of such employees would lead to the growth and development of the company. Companies must create a reinforcing cycle where people would find growth opportunities. It would be more effective if people can learn in their work environments (Cummings and Worley 2014). Cons The food and beverage sector are one of the fastest growing industries in Australia. In such a scenario, shortage of labor may lead to below potential levels of employment. Companies are facing difficulties in finding high-skilled employees. Graduates do not think this sector to be a job opportunity. With the change of skills of jobs, educators may not be willing to work in the sector. Recruiters may often face the problem of finding more innovative workers. The industry has been facing the issue of retention and recruitment for many years. The sector needs processing labor. As the competition is increasing, companies are not finding enough skilled and innovative employees. There is a lack of trained and experienced individuals. Since this industry needs a lot of human labor, it seeks people who are below 30. This industry is thus only for those who are young and physically healthy. Since the sector is labor intensive, businesses in the food and beverage sector are experiencing diffi culties in retaining appropriate staff (Gallardo et al. 2013). Strengths The company is one of the largest producers of fresh juice every year. The company is highly successful. The company has global sales of $2 billion. The brand has expanded itself since its inception. Boost has a positive attitude and has succeeded extensively. The company has put right talent in the right place. Boost is fit culturally in the environment. The company has the mentality and ability to grow. Franchise partners are a positive vibe for the enterprise. Boost has caught the eye of the right people at the right moment. Boost operates in 17countries and has over 350 stores Boost is a global brand Boost has substantial operations and marketing foundations (Boostjuice.com.au 2016). Weaknesses Consumers are looking for healthy products and hence are avoiding packaged foods. Consumers now want fruits and vegetables that are organically produced and have no fertilizers. The industry is very slow in the e-commerce space. People are avoiding beverages that have sugar content (Boostjuice.com.au 2016). Benefits of Drawing Talent Since the company is expanding itself, attracting high quality talent would be beneficial for it. Talented people are required to align with the emerging trends. The process of creating relevant and new products and moving them into testing needs a lot of time. For this, new techniques need to be developed, and hence new talents are required. Innovative methods are needed to manufacture and package products. Highly talented people would bring out new innovative ideas, and that would be beneficial to the company (Cerdin and Brewster 2014). References Al Ariss, A., Cascio, W.F. and Paauwe, J., 2014. Talent management: Current theories and future research directions.Journal of World Business,49(2), pp.173-179. Boostjuice.com.au. 2016.Boost Juice. [online] Available at: https://www.boostjuice.com.au/ [Accessed 25 Sep. 2016]. Cerdin, J.L. and Brewster, C., 2014. Talent management and expatriation: Bridging two streams of research and practice.Journal of World Business,49(2), pp.245-252. Christensen, K. and Schneider, B. eds., 2015.Workplace flexibility: Realigning 20th-century jobs for a 21st-century workforce. Cornell University Press. Cummings, T.G. and Worley, C.G., 2014.Organization development and change. Cengage learning. Gallardo-Gallardo, E., Dries, N. and Gonzlez-Cruz, T.F., 2013. What is the meaning of talentin the world of work?.Human Resource Management Review,23(4), pp.290-300.