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HomeTextbook Notes300,000CA170,000

BUS 3000 Chapter 5: Chapter 5 Notes

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School
University of Guelph
Department
Business
Course
BUS 3000
Professor
Nita Chhinzer

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Document Summary

Required professional capabilities (rpc): y maintains an inventory of hr talent for the use of the organization, identifies the organizations staffing needs y researches, analyzes and reports on potential people issues affecting the organization. Hrp and strategic planning become effective when a reciprocal and interdependent relationship exists between them. Techniques utilized: trend analysis, ratio analysis, scatter plot, regression analysis . Internal analysis: markov analysis, skills inventories, management inventories . External analysis: general economic conditions, labour market conditions . Step 3: implement hr resources programs to balance supply and demand. Labour shortage: overtime, hire temporary employees, subcontract work . Labour surplus: hiring freeze, job sharing, part time work, termination . Critical component of hrp and strategic planning. External environmental factors most frequently monitored: economic conditions (general, regional and local) For every 13 people that leave the workforce, only 10 will enter (by 2026: severe labour shortage from baby boomers retiring.

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Related Questions

To implement a policy of empowerment, the organization will restructure so that:Β 
Β 
A. managers have more responsibility and employees learn to follow directions.
B. employees assume more responsibility.
C. workers agree to work overtime without extra pay.
D. an entire level of management is removed from the organization.

The first step in the process of organizing a business is to:

A) determine the work that needs to be done.

B) divide people into teams.

C) group workers into departments based on skills or expertise.

D) develop an organization chart.

Which of the following statements is true of business ethics?
a. Ethical behavior can not only enhance a company's reputation but can also drive profits.
b. Conducting business in an ethical manner does not influence the financial performance of a company.
c. Social responsibility is directed only toward a company's customers and not its employees.
d. Social responsibility in business is less important than satisfying shareholders.
e. Business ethics is not relevant to nonprofit organizations.