investing in people Flashcards
1
Q
what factors determine the business’ people investment planning?
A
skills audit - review all skills and experience and compare it to what business needs
future business needs - anticipate future gaps in workforce
2
Q
advantages of people investment planning?
A
business can operate with minimal disruption
better staff retention
business can make plan for training needs
3
Q
disadvantages of people investment planning?
A
costs may increase to fund training
business has to focus on external change
staff motivation may drop if they have to cover for staff being trained
4
Q
what is recruitment
A
obtain and retainment of the best available candidate to meet needs of business
