This paper outlines a staffing plan for Raymond James, including how to determine number people to hire and a recruitment strategy to ensure appropriate candidates are hired.

Staffing Plan

Recruiting in all industries is a game of numbers as well as a game of networking and relationships. It is a dynamic and on-going process that must constantly be monitored and evaluated for its strengths and weaknesses (Cowan, 1992). Industry standards estimate that one needs to interview over 20 candidates to hire one employee (Cowan, 1992). Due to attrition and employee failure, a company must recruit at least 30 percent of the total number of existing employees every year to achieve an overall growth of 10 percent (Cowan, 1992). To use this formula as a basis for goal-setting, it is important to analyze the previous years' goals and results. If the goals were met or if they failed to achieve the objectives, it is crucial to examine the factors that came into play, whether they......

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Title: Staffing Plan
Approximate Word Count: 1040
Approximate Pages: 5 (250 words per double-spaced page)

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