MHR 523 Lecture Notes - Lecture 3: Layoff, R&S Records
17 Nov 2016
School
Department
Course
Professor
Document Summary
Describe the costs associated with a lack of or inadequate hrp. Inadequate supply of labour/employees for the organization"s strategic goals/objectives. Inability by organization to accomplish short-term operational plans or long-range strategic plans. Significant costs when unstaffed positions create costly inefficiencies. When pay severance is required for large numbers of employees being laid off. Situations where one department is laying off employees while another is hiring individuals with similar skills (extra r&s costs as well as severance pay costs) Planning and implementing hr programs to balance supply and demand (gap and. Solutions analysis: discuss the pros and cons of 5 of the approaches to dealing with a labour surplus. Slowly reduce number of employees due to normal seperation reasons. Takes an uncontrollable, unpredictable amount of time to run its course. Firm has lack of control over who stays and who goes (ineffective hrp) Requires selection criteria to ensure key people not easily replaced do not leave organization.
