HRES 2170 Lecture Notes - Lecture 5: Markov Chain, Job Sharing, Trend Analysis
15 Dec 2019
School
Department
Course
Professor
Document Summary
Ensures employees are being used where and when they are needed to meet org. goals. In canada, we are required to monitor changes in the workforce as well as their skills. It is very important even in during economic downturns. Management forecasts: opinions based on knowledge. Staffing tables: graphic representations of internal jobs. Markov analysis: tracks pattern of employee movements. Step 2: determine supply of labour external and internal. Step 3: identify the gap between demand and supply. Step 4: develop action plans to eliminate the gap. Oversupply: attrition, leave of absence without pay, reduced hours. Independent contractors: use of overtime, retention strategies. Locating & encouraging potential applicants to apply for jobs. Recruit inside or outside of the org: combination, pros & cons. Recruitment process identification of current or future job openings. Getting individual job info [job description and job specifications]
