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Graduate Career Development in Facebook

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Submitted By carboni
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Running head: GRADUATE CAREER DEVELOPMENT IN FACEBOOK

GRADUATE CAREER DEVELOPMENT IN FACEBOOK

Abstract

The objective of this paper is to analyse the issue of substandard employee retention rates in Facebook, one of the leading companies in the IT industry, identify the reasons behind it and suggest concrete steps for bettering the situation through an improved Graduate Career Development Plan. The analysis reveals that the main two issues plaguing the company’s young graduates are excessive competitiveness and lack of challenge and development opportunities. Short-term countermeasures include creating a better, more efficient working environment, on personal, managerial and corporate levels alike, as well as ways of instantly increasing immediate motivation levels. The long-term plan suggests restructuring certain key elements of HR management, such as the workplace atmosphere, relations between employees and the management, the company’s organisation on the whole and the objectives set in front of the employees. The scope of the changes is broad and requires substantial resources, but the evaluation methods put in place ensure that a return on investment is achieved when the project is completed and the company restructured.

GRADUATE CAREER DEVELOPMENT IN FACEBOOK

Introduction

The IT sector is arguably the most dynamic global industry branch of today (Dutta and Bilbao-Osorio, 2012). The market cycles of products have been decreased to a tenth of what they used to be, research and development are in much the same fashion, while the need for skilled IT experts in all fields has skyrocketed. IT has permeated just about every aspect of the everyday life, from common households, over offices, to public transport and infrastructure. Broadband internet is present in virtually every home, with the average link speed exceeding 5 Mbps in developed

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