Term Papers: discuss why it would be important to create a recruiting message for Enron that would be attractive, but that doesn’t “oversell” the company.
At one time, Enron’s recruiting efforts were described as a model for other employers. Enron portrayed itself as an exciting company with lots of growth opportunity – a firm in which employees experienced a great deal of autonomy and responsibility.
1. Enron’s EVP strategy played an important role in the progress of the company in the 1990s by empowering employees. However problems at the beginning of this century resulted in Enron’s demise and closure? Conduct some research on the company and state the reasons which led to the closure of the company?
In spite of having some good HR strategies, why did the company fail and what in your view could they have done differently, as part of their overall company and HR strategy, to ensure that the company sustains itself?
2. If you were appointed as the CEO of Enron in similar context to turn the company around, what recruiting, talent management and retention HR strategies would you constitute to revive the company back to its original laurels?
Also discuss why it would be important to create a recruiting message for Enron that would be attractive, but that doesn’t “oversell” the company.The company that thought it had no way to go but up came crashing down in 2001, when it was charged with illegal activities. By 2004, Enron’s corporate officers faced numerous charges of wrongdoing, and the company was a shell of its former self. Managers were charged with manufacturing profits, hiding debt, and bullying Wall Street to buy into its questionable accounting and investment practices. An extensive amount of downsizing has occurred, and many employees had lost all of their retirement savings after Enron’s stock collapsed. Faced with bankruptcy and a sullied reputation, the company struggled to continue but finally made the decision to cease to exist once all litigation concludes.
