ADM 2337 Chapter Notes - Chapter 5: Nominal Group Technique, Succession Planning, Trend Analysis
14 Jul 2014
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Internal analysis: markov analysis, skills inventories, management inventories, replacement charts and development tracking, replacement summaries, succession planning. Labour shortage: overtime, hire temporary employees, subcontract work, recruitment, transfer, promotion. Job sharing: hiring freeze, attrition, buyouts and early retirement programs, part time work, reduced workweek, alternative jobs within the organization, layoffs (reverse seniority or juniority) When labour demand exceeds labour supply: scheduling overtime hours, hiring temporary workers, subcontracting, external recruitment, internal promotions and transfers, performance management, training and retraining, and career development paly a critical role. When labour supply exceeds labour demand: hiring freeze: reassigning current workers to job openings, attrition: standard employees resignation, retirement, or death, incentives to leave the organization: buyouts or early retirement programs, job sharing, reducing position or part time, working share and reduced workweek, finding employees alternative job within the organization, employee layoffs, termination of employment, evaluating the effectiveness of layoffs and downsizing is critical, as is managing survivor sickness .
