MGT 3320 Study Guide - Midterm Guide: Extraversion And Introversion, Task Analysis, Empirical Relationship

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2 Jul 2014
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Chapter 5 human resource planning and recruitment. Hr planning- the process of identifying the numbers and types of employees the organization will require to meet its objectives. Right people at right time at right cost doing the right thing. Attempts to determine the supply and demand for various types of hr. Compare supply and demand: supply = demand no changes, everything works, supply > demand labor surplus, amount of people you have are more than what you need. Set specific goals based on labor supply and demand analysis: what should happen with the job category or skill area, provide specific timetable for when results should be achieved. Options for reducing expected shortage: overtime, temporary employees, outsourcing, retrained transfers, turnover reductions, new external hires, technological innovation, based on speed and revocability, temporary workers, helps eliminate a labor shortage and its flexible and efficient. Mgt 3320 exam 2 study guide: advantages: Frees a company from administrative tasks and financial burdens.

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