Flexible Workforce (Quick Revision) Flashcards
Define: Flexible Workforce
A flexible workforce is a workforce that is able to respond to the changing demands of the organisation.
State three problems of employing a temporary workforce.
- May lack commitment
- Career development may not be available as an incentive
- May have to recruit regularly
A firm has four employees working half a week and eight employees working a quarter of a week.
How many full-time equivalent employees does it have?
(4 X 1/2) + (8 X 1/4) = 4
State one possible benefit of a flexible workforce.
Greater competitiveness- can respond more easily to changes in demand.
What is meant by subcontracting? State one benefit.
Employing other firms to complete part of the work; can employ specialists and use them as and when needed.
What is the Examiner’s note on a Flexible Workforce?
Without a flexible workforce, firms may be employing more staff than are needed given the level of demand. This generates unnecessary costs.
What is the Evaluation point on a Flexible Workforce?
A flexible workforce is especially important as part of a lean approach to production, which tried to match output to demand and avoid an excess.