BU354 Chapter Notes - Chapter 5: Triple Bottom Line, Zero Waste, Resource Efficiency
Document Summary
Explain how organizations deal with a shortage of human resources. Jobs creation; skills enhancement; local economic impacts; social investments; Resource efficiency; product stewardship; life-cycle management; products to. Clean air, water and land emissions reductions; zero waste, releases and spills; Safety and health; environmental regulations; global climate change; Access to potable water; crisis management; environmental justice. The process of forecasting future human resources requirements to ensure that the organization will have the required number of employees with the necessary skills to meet its strategic objectives. Forecasting demand for labour: analyzing the labour supply, planning and implementing hr programs to balance supply and demand. Helps organization: meet strategic goals and objectives achieve economies in hiring new workers, make major market labour demands successfully anticipate and avoid shortages and surpluses of human resources control or reduce labour costs. Results of inadequate hr planning (+organizational: vacant positions creating costly inefficiencies, mass layoffs (downsizing) requiring severance pay.
