tailieunhanh - Lecture Human resource management: Gaining a competitive advantage (9/e) – Chapter 5

Chapter 5 - Human resource planning and recruitment. After reading this chapter, you should be able to: Discuss how to align a company's strategic direction with its human resource planning; determine the labor demand for workers in various job categories; discuss the advantages and disadvantages of various ways of eliminating a labor surplus and avoiding a labor shortage;. | Chapter 5 Human Resource Planning and Recruitment Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. Forecasting Stage of HR Planning Determine Labor Demand derived from product/service demanded external in nature Determine Labor Supply Internal movements caused by transfers, promotions, turnover, retirements, etc. transitional matrices identify employee movements in different job categories over time to chart historical trends in company’s labor supply useful for AA / EEO purposes Determine Labor Surplus or Shortage Downsizing Downsizing - planned elimination of large numbers of personnel to enhance organizational competitiveness. Long-term effects of an improperly managed downsizing effort can be negative. 4 Reasons for Downsizing: reduce labor costs technological changes reduce need for labor* mergers and acquisitions reduce bureaucratic overhead organizations change location of where they do business Early Retirement Programs The average age of . workforce is increasing. Baby boomers are not retiring early due to: improved health fear that Social Security will be cut mandatory retirement is outlawed collapse of the financial and housing markets made it economically unviable to retire Many employers try voluntary attrition among older workers through early retirement incentive programs. Employing Temporary Workers Hiring temporary workers helps eliminate a labor shortage and affords flexibility needed to operate efficiently during demand swings. 3 Advantages: Temporary workers free a company from administrative tasks and financial burdens. Temporary workers are often times tested and trained by a temporary agency. Many temporary workers brings an objective perspective and experience. Outsourcing and Offshoring Outsourcing uses an outside organization for a broad set of services. Offshoring is outsourcing where jobs leave one country and go to another. To | Chapter 5 Human Resource Planning and Recruitment Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. Forecasting Stage of HR Planning Determine Labor Demand derived from product/service demanded external in nature Determine Labor Supply Internal movements caused by transfers, promotions, turnover, retirements, etc. transitional matrices identify employee movements in different job categories over time to chart historical trends in company’s labor supply useful for AA / EEO purposes Determine Labor Surplus or Shortage Downsizing Downsizing - planned elimination of large numbers of personnel to enhance organizational competitiveness. Long-term effects of an improperly managed downsizing effort can be negative. 4 Reasons for Downsizing: reduce labor costs technological changes reduce need for labor* mergers and acquisitions reduce bureaucratic overhead organizations change location .