Work force planning Flashcards
What are the ways to measure workforce performance?
Labour productivity
Absenteeism
Labour Turnover
How to calculate labour productivity?
Output(per period) / Number of employees(per period)
How to calculate absenteeism?
(Number of staff absent / Number of staff total) x 100
How to calculate labour turnover?
(Number of staff leaving the firm every year / Average number of staff) x 100
Ways to improve Labour productivity:
Improving the capital equipment used
Increasing motivation
Changing the structure of the business
What are the main factors that influence workforce planning ?
Business objectives
Labour market change
Demographic and social changes
Technological advancements
How does workforce planning help a business
How many employees are and will be needed
Manage employment expenditure
Ensure that sufficient and appropriate training is provided
Reduce labour turnover
Implement diversity policies
What is the importance of workforce planning?
Establish that sufficient of employees are employed
Cost of the number of employees
Identify skills necessary
What are the features of Human Resources?
Matching the right type of employees to the needs of the business
Forecasts the demand of employees
Analyse the current employees
Planning internal supply
Planning external supply
What is workforce planning ?
Right number of workers, right skills , right time and place
Workforce planning is influenced by?
Business objectives
Demographic + social changes
Technological changes
Labour market changes
What is the recruitment process?
Job analysis
Job description
Ideal person description
Advertise
Send out applications
Short list
Interview
Selection
Request references
Pro + con of recurring internally
Number of applicants limited
Better external candidates lost
Promoting internally creates job gaps
Candidate may not be fresh/creative
Greater motivation
Abilities well known
Process quick and less expensive
