HRM200 Lecture Notes - Job Sharing, Severance Package, Succession Planning
24 Sep 2013
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Social concerns related to health care, childcare educational priorities carbon footprint, green issues that companies have to consider. Demographic trends age groups used as target market. Forecasting future hr needs (demand: projected turnover, quality and nature of employees relative to needs, decisions regarding product quality and new products, plans for technological and administrative changes to increase productivity and reduce headcount. Will we want to do it: financial resources available. Forecasting availability of internal and external candidates (supply) Planning and implementing hr programs to balance supply and demand (no shortage or excess) Trend analysis go back give years and see the movement how many people have retired, about to retire, moved from the organization. Ratio analysis take sales or other business activity and see how many people are needed to achieve that. Scatter plot graph that shows the relationship between business activity and staffing activity. Regression analysis: statistical relationship between the business activity and the employees. (page 125 of textbook)
