EXAM 2 Workforce Planning & Recruitment Flashcards
Workforce planning
Identifying the need for and availability of employees
Workforce planning benefits
Forecasting- predicting the future
Workforce planning outlined process
Organization’s mission ->
Forecast Supply & Forecast Demand -> Identify Mismatches -> Conduct HR Programs
Methods for forecasting the demand
Trend analysis
Delphi technique
Nominal group technique
Trend analysis
Past staffing levels - pattern?
Delphi
Experts, never meet, ask individually and send back out
Nominal group
Experts, ask independently, discuss as group
Method for forecasting supply of labor
Talent inventory
Talent inventory
Satisfy demand?
Identify gaps between the skills employees possess and those required to meet business needs
Shortage
Demand > Supply
Surplus
Supply > Demand
Dealing w/ shortage
- Higher recruit
- Signing bonus
- Incentive
- Higher productivity
- Postpone retirement
- OT
- Outsource
- Improve job
Ultimately, lower turnover
Dealing w/ surplus
- Change job
- Cut hours, pay
- Increase retire
- Demote
- Fire
- Layoff
- Hiring freeze
Recruitment
Process of identifying and attracting a SUFFICIENT pool of qualified applicants
Internal recruiting sources
Promote from within and only hire outsiders for entry level positions