Workforce planning Flashcards
1
Q
What is workforce planning
A
Assessing current and needed future workforce to identify gaps
2
Q
What are the internal factors that influence workforce planning
A
- Corporate objectives
- Financial objectives
- Strength of current labour supply
3
Q
What are the external factors that influence workforce planning
A
- Labour market
- Demand
- Economic conditions
- Legal environment
4
Q
What is a labour shortage
A
The internal supply of human resources cannot meet the organization’s needs
5
Q
What are some reasons for labour shortage
A
- Underskilled workforce
- Wage demands too high
- High competition
- Staff turnover
6
Q
Ways to deal with labour shortage
A
- Increase shifts
- Extend hours
- Hire temporary staff
- Flexible working options
- Invest in training
- Recruit more aggressively
7
Q
Ways to deal with excess labour
A
- Redundancy
- Flexible working arrangements
- Redeployment
8
Q
What are the pros of workforce planning
A
- Helps achieve company goals
- Improved workforce adaptment speed
- Always forward thinking
9
Q
What are the cons of workforce planning
A
- Time consuming
- Expensive
- Employer-employee relations could tarnish
- Business image may suffer
