Chapter 17: Developing and Implementing Workforce Plans
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- Created on: 30-12-14 17:51
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- Developing and Implementing Workforce Plans
- Workforce planning
- the method by which a business forecasts how many and what type of employees it needs now and in the future, and matches up the right type of employees to the needs of the business
- Stages in workforce planning
- 1. Setting objectives
- 2. Forecasting future demand for labour
- 3. Assessing the current workforce
- 4. Identifying shortfall or oversupply between workforce needed in the future and the current workforce
- 5. Reviewing internal and external supply of labour in relation to the organisations future requirements
- 6. Developing strategies to fill gaps or reduce the oversupply of labour
- Internal influences on workforce plans
- internal labour supply
- financial position of the organisation
- organisations marketing and production plans, inc marketing and production objectives
- organisations corporate or strategic plan, inc its corporate objectives
- External influences on workforce plans
- market conditions
- labour market and demographic trends
- state of the economy and government policy
- legislation
- local factors
- Issues in implementing workforce plans
- employer/ employee relations
- corporate image
- cost
- training
- Benefits of workforce planning
- helps a business to achieve its corporate objectives by ensuring the business has a workforce of the right size, with the right skill, in the right place
- good source of competitive advantage
- encourages managers to prepare and plan for changes rather than simply reacting to them
- businesses going through periods of significant changes are better prepared to handle the workforce implications
- improved communication as staff feel closer to descion making process
- Workforce planning
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