1- Besides the factors identified, what other factors should invincibility systems take into account in its HR planning?
At the moment Invencibility Systems has performed a very unique work on internal research, which has given a chance to its decision making managers to discover very individual aspects of the company. The firm’s research has looked at factors such as health phase out plan, marital status, age of employee, years at the company and job category to predict the future turnover rate and therefore forecast their hiring levels.
In addition to these factors, the company must also take into consideration sales numbers such as current sales as well as projected future sales growth as they estimate the sales force required to meet the needs of the clients. The costs associated with the following year’s demand are also very important to be looked at by the firm if they want to predict the workforce needed to work in the near future. The firm should also consider its industry’s strength and how well are the competitors risking the firm’s profit, in order to determine the workforce needed to compete in the industry.
A key aspect of HR planning is not only to predict the demand of labor as mentioned in the previous paragraph, but also the supply of labor as this factor will also affect the labor force planning process of the firm. In the supply area Invencibility Systems must consider workforce trends before its HR team makes projections. Considering most jobs at the firm are highly specialized and require a great set of skill the company must look at the city its operating, because most highly skilled workers are found on the bigger industrialized cities of the world. The firm must also look at the level and trends of students graduating with highly skilled degrees and what areas theses students are coming from. Moreover, Invencibility System has to look at demographic trends at the cities it is recruiting, and it