Btec Business Level 3 Unit 16 P1
UNIT 16 P1/M1
INTERNAL PLANNING FACTORS
EXPLANATION
Why it is important?
ORGANISATIONAL NEEDS
The priority concerns and requirements of an
Organization’s customers and stakeholders.
The state of organization performance in relationship to its mission and goals
The state of knowledge and ability of organization employees The workforce needs to be able to adapt to changes. Changes in a business happen very regularly and it can affect the way a business is run. Internally a business can look to move into new markets which are successful too able to increase sales and revenue. This could mean expanding a business abroad such as Tesco did and staff needing new skills such as languages/or different roles if they can …show more content…
They usually include details such as age, gender, ethnicity and availability.
Knowing ages can help you plan for the future and also ensures that you fulfil any legislation requirements. Large gaps in ages can cause problems so this allows you to combat this. Profiling the qualifications and training of your workforce allows a business to make use of any special skills staff members have.
EXTERNAL FACTORS
EXPLANATION
Why is this important?
SUPPLY OF LABOUR
The labour supply refers to the total number of hours that labour is willing and able to supply at a given wage rate. It is the number of workers willing and able to work in a particular job or industry for a given wage. Nationally, the supply of labour is dependent on trends in unemployment and the types of skills that are needed by employers.
This is important factor in human resource planning because depending on how much the supply of labour is, this determines how easy/hard it will be to recruit new workers to fill existing rolls. If the supply is low then it will be hard to recruit this workers as completion among other firms will be …show more content…
The lowest wage in the UK Is the national minimum wage.
If labour costs are low then an organisation can offered to pay for more labour and keep costs low. If labour costs are high this will mean that the business has to pay more per output.
WORKFORCE SKILLS
Organisations can see the types of skills that are available in their local area or region.
Businesses need to consider their future needs and those of their competitors in order to make sure they attract the right people - this may mean extra incentives being offered such as company cars, annual leave.
LABOUR MARKET COMPETITON
Labour market competition is the demand of labour form many organisations. For example if there are 10,000 individuals in the labour market and the total demand needed is 20,000 individuals the organisations will need to compete to get these individuals.
There may not be enough skilled employees for each business, so you may need to offer more money to attract the right staff, however, you need to manage your funds well to make a profit.
GOVERNMENT POLICY
Government policy is any policy which is regulated by the government such as taxations policy, monetary policy. Changes in these policies will affect
INTERNAL PLANNING FACTORS
EXPLANATION
Why it is important?
ORGANISATIONAL NEEDS
The priority concerns and requirements of an
Organization’s customers and stakeholders.
The state of organization performance in relationship to its mission and goals
The state of knowledge and ability of organization employees The workforce needs to be able to adapt to changes. Changes in a business happen very regularly and it can affect the way a business is run. Internally a business can look to move into new markets which are successful too able to increase sales and revenue. This could mean expanding a business abroad such as Tesco did and staff needing new skills such as languages/or different roles if they can …show more content…
They usually include details such as age, gender, ethnicity and availability.
Knowing ages can help you plan for the future and also ensures that you fulfil any legislation requirements. Large gaps in ages can cause problems so this allows you to combat this. Profiling the qualifications and training of your workforce allows a business to make use of any special skills staff members have.
EXTERNAL FACTORS
EXPLANATION
Why is this important?
SUPPLY OF LABOUR
The labour supply refers to the total number of hours that labour is willing and able to supply at a given wage rate. It is the number of workers willing and able to work in a particular job or industry for a given wage. Nationally, the supply of labour is dependent on trends in unemployment and the types of skills that are needed by employers.
This is important factor in human resource planning because depending on how much the supply of labour is, this determines how easy/hard it will be to recruit new workers to fill existing rolls. If the supply is low then it will be hard to recruit this workers as completion among other firms will be …show more content…
The lowest wage in the UK Is the national minimum wage.
If labour costs are low then an organisation can offered to pay for more labour and keep costs low. If labour costs are high this will mean that the business has to pay more per output.
WORKFORCE SKILLS
Organisations can see the types of skills that are available in their local area or region.
Businesses need to consider their future needs and those of their competitors in order to make sure they attract the right people - this may mean extra incentives being offered such as company cars, annual leave.
LABOUR MARKET COMPETITON
Labour market competition is the demand of labour form many organisations. For example if there are 10,000 individuals in the labour market and the total demand needed is 20,000 individuals the organisations will need to compete to get these individuals.
There may not be enough skilled employees for each business, so you may need to offer more money to attract the right staff, however, you need to manage your funds well to make a profit.
GOVERNMENT POLICY
Government policy is any policy which is regulated by the government such as taxations policy, monetary policy. Changes in these policies will affect