Preview

Labor Supply Analysis: Chandler Macleod Group

Good Essays
Open Document
Open Document
748 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Labor Supply Analysis: Chandler Macleod Group
Summary
Labor supply analysis
The research from Chandler Macleod Group (CMG) indicates that due to the global financial crisis and ineffective communication, employees are facing redundancy risk from employment, within a large number of them are planning for a new job. Based on the articles, there are two main types of job suppliers who are admin staff and generation Y facing the risk of employment. According to Olsen (2010) states that as a result of the employer’s insufficient treating; over half of the administration and office workers are planning to hunt for a job opportunity. On the contrary, most of reception staff choice to stay because of the encouragement and compensation from employer. Meanwhile, Clarke (2010) points out that the employment market of …show more content…
http://www.ehow.com/info_8083548_objectives-employee-retention.html
David Olsen, 2010, 70 percent of staff actively looking for other employment due to the GFC ; http://www.dynamicbusiness.com.au/news/70-percent-of-staff-actively-looking-for-other-employement-1006.html David Olsen, 2010, half of admin staff actively seeking other jobs; http://www.dynamicbusiness.com.au/hr-and-staff/admin-staff-jobs-work-1320.html Guest author, 2009, employees face redundancy, must adapt to survive; http://www.dynamicbusiness.com.au/hr-and-staff/employees-face-redundancy-must-adapt-to-survive2088.html Howard Adamsky, 2003, Employee Retention: Notes from the Underground; http://www.ere.net/2003/02/25/employee-retention-notes-from-the-underground Julia Clarke, 2010, businesses not doing enough to keep staff; http://www.dynamicbusiness.com.au/news/staff-retention-finance-0005.html Julia Clarke, 2010, Employers bend to Gen Y`s demands;
Keeping the Right People: employee Engagement & Retention; http://hrcouncil.ca/hr-toolkit/keeping-people-employee-engagement.cfm The Difference between Workforce Planning and Succession Planning;
Continue Reading
View Writing Issues

You May Also Find These Documents Helpful

  • Better Essays

    Management and University Simmons Case
    • 1139 Words
    • 5 Pages

    Management and University Simmons Case

    In time of economic crisis, companies are looking for innovative methods to improve production and to meet the needs of a diverse workforce in order to improve or maintain the organization’s profit margin in a stress global economy. Indeed, companies are extremely concerned about their future, as well as, preventing closure of their establishment. SimmonsCompany is no exception. However, how does a major company make those changes when tradition is the foundation of their organization and the economic status of their company is in jeopardize of folding, if the right decision is not made? The need to allocation funds for the training and development of its and employees when major debts are owed to the company; thus, threatening bankruptcy is a problem facing Simmons Company.…

    • 1139 Words
    • 5 Pages
    Better Essays
    Read More
  • Good Essays

    6uytuk
    • 459 Words
    • 2 Pages

    6uytuk

    employees as possible. How does the existence of a financial crisis affect the wisdom of such…

    • 459 Words
    • 2 Pages
    Good Essays
    Read More
  • Better Essays

    Btec Business Level 3 Unit 13 P1
    • 1081 Words
    • 5 Pages

    Btec Business Level 3 Unit 13 P1

    Employment is vital to any business. Right from the top of the business where managing directors and business owners are employed, right down to the bottom of the chain where people sweep the floors. Every person is vital to an organisation. There are many reasons in which owners employ people; here I shall explain some reasons for doing so.…

    • 1081 Words
    • 5 Pages
    Better Essays
    Read More
  • Best Essays

    Hrm 594 Strategic Staffing week 07 (Course Project – Internet staffing methods compared to traditional staffing methods )
    • 3399 Words
    • 14 Pages

    Hrm 594 Strategic Staffing week 07 (Course Project – Internet staffing methods compared to traditional staffing methods )

    Strategic staffing works as an essential key element to recognize and deal with the concerns related to staffing in various departments of an organization. Staffing is broadly defined as process of attracting selecting and retaining competent individuals to gain organizational goals. Every organization use some form of a staffing procedure and staffing is the primary way an organization influences its diversity and human capital. The nature of work in 21st century presents many challenges to staffing. Companies are having hard time to find competent employees. Some reports indicate that half of employees are passively seeking for another jobs and a sizeable minority is actively seeking new jobs. This is such a problem that many organizations actually face greater recruiting challenge than a selection challenge. Selection will only be effective and financially defensible if a sufficient quantity of employees apply to the organization. Traditional staffing method may cost more money and may prove less effective. The Internet is a medium to facilitate this transaction of buying and selling labor. The appeal of doing business on the Web is obvious. The Internet brings together buyers and sellers of goods and services and by automating transactions, web markets expand the choices available to buyers, give sellers access to new customers and reduces transaction costs for all the players (Kaplan and Sawhney2000).…

    • 3399 Words
    • 14 Pages
    Best Essays
    Read More
  • Better Essays

    Issues in Human Resource for Kudler Fine Foods
    • 1125 Words
    • 5 Pages

    Issues in Human Resource for Kudler Fine Foods

    Today many companies are enduring the challenge of hiring, training, and retaining employees. Globalization has raised the demand to acquire talent that matches the need of organizations. Labor pools abroad are starting to create a job market where average American salaries are far less with the competition. As the baby boomers defer retirement the worker supply is projected to become smaller. Many workers now are opting to have more of balance between leisure activity and work. Skilled workers are at a minimum. A large swing in the attitude toward work of the current generation has been very poor. Finally, many companies are experiencing high employee turnover rates as workers are jumping jobs to find better pay or benefits.…

    • 1125 Words
    • 5 Pages
    Better Essays
    Read More
  • Satisfactory Essays

    Phl 320 Re-Organization And Evaluation Paper
    • 775 Words
    • 4 Pages

    Phl 320 Re-Organization And Evaluation Paper

    Managing a company’s finances can be very challenging and companies that find it difficult to conquer this challenge, experience a downturn, a decline in business, and when this occurs the need to find solutions to alleviate their financial issues becomes crucial. One solution that companies seem to implement and re-visit is layoffs but employers that are sensitive to the employees needs try to avoid this option by exploring other alternatives such as furloughs or transferring employees into new positions within the company.…

    • 775 Words
    • 4 Pages
    Satisfactory Essays
    Read More
  • Good Essays

    Decision Making Evaluation Paper Final
    • 759 Words
    • 3 Pages

    Decision Making Evaluation Paper Final

    All businesses at one time or another will have to deal with employee layoffs due to a re-organization or changes in the economy. Employee layoffs can have a damaging impact to the remaining employee and management staff. There are several solutions that can be done to alleviate the negative impact and the recommendation is to provide managers with the proper training on how to properly handle a layoff so there is a more positive impact on the remaining staff. Proper training prepares managers for delivering the message to both the employee being laid off and the remaining staff. This type of training has many advantages for the company and the employees.…

    • 759 Words
    • 3 Pages
    Good Essays
    Read More
  • Good Essays

    Understanding the Employment Related Sector
    • 1074 Words
    • 5 Pages

    Understanding the Employment Related Sector

    The role of the sector is helping, assisting and advising the unemployed back into work/employment nationally.…

    • 1074 Words
    • 5 Pages
    Good Essays
    Read More
  • Satisfactory Essays

    Historical Example for Labor Supply and Demand
    • 263 Words
    • 2 Pages

    Historical Example for Labor Supply and Demand

    The historical event that I chose to address in terms of labor supply and demand was the technology boom of the 1990s. As the technology boom began to grow, the demand for computers and other electrical devices began to rise. People wanted to bring more of the electronic devices into their homes and their businesses. Car makers began putting technology into vehicles that would allow your windshield wipers to turn on automatically as soon as water hit the windshield. Companies began creating technology that would have automated services answering phones and assisting customers instead of having a real human talking to the customers. This caused the demand for electronic companies to manufacture more of their technology to increase. Stores had to increase their supplies of the new technology because of the high demand that people wanted to have the latest and greatest technology that was coming out. The technology boom did make some peoples lives a little easier, but it also made a lot of people be become unemployed, because they were not needed to do the jobs anymore. Instead of having people putting cars together, dealerships eventually began to install robotic machines putting the vehicles together alleviating human error. The technology boom began to put people out of their jobs and making it harder for people to get jobs. People had to get educated on the new technology that was coming out so that they could sell it or use it at their place of business. The boom reduced the need for people to do the things that machines could…

    • 263 Words
    • 2 Pages
    Satisfactory Essays
    Read More
  • Satisfactory Essays

    Labor Demand
    • 303 Words
    • 2 Pages

    Labor Demand

    "Labor demand is a derived demand, meaning it is a result of consumer demands for the organization's products and services. The organization acquires and deploys its workforce in ways that will allow it to be responsive to consumer demand in a competitive manner."…

    • 303 Words
    • 2 Pages
    Satisfactory Essays
    Read More
  • Satisfactory Essays

    Employment and labor scenarios
    • 405 Words
    • 2 Pages

    Employment and labor scenarios

    A decision to hire or not hire a candidate should be based on qualifications and attributes that are attractive to the hiring organization. Managers make sound decisions in their hiring choice should be able to document rationale. This may materialize as a standard document consistent throughout the organization or as a formal correspondence supporting the hire of a candidate among the hiring panel. This type of documentation may also serve as a tool to defend an organization or manager in cases like scenario C.…

    • 405 Words
    • 2 Pages
    Satisfactory Essays
    Read More
  • Powerful Essays

    How Economics Changes Can Affect Families Lives
    • 1324 Words
    • 6 Pages

    How Economics Changes Can Affect Families Lives

    Today companies have been making the decision to lay off many of their employees because of their profit decreases, consequences of the considerable changes during the economic crisis today. It is very difficult for them to keep paying enormous salaries without good revenue. This decision has been affecting about 13.5 million people in the country according to the Bureau of Labor of Statistic of United States. The emotional stress that people are living in right now is extreme because they have no idea about what will be the future for them and their families. Many of the people who have lost their jobs suffer from stress, sleeplessness, depression, and suicide. This may come with all the…

    • 1324 Words
    • 6 Pages
    Powerful Essays
    Read More
  • Powerful Essays

    Employee Performance
    • 2553 Words
    • 11 Pages

    Employee Performance

    The paper is divided into three parts. The introductory part provides brief overview related to employee…

    • 2553 Words
    • 11 Pages
    Powerful Essays
    Read More
  • Good Essays

    Symbolism in "The Story of an Hour"
    • 758 Words
    • 4 Pages

    Symbolism in "The Story of an Hour"

    For this lesson I read "The Story of an Hour" by Kate Chopin. Although there are many literary devices used in "The Story of an Hour", I have decided to write my essay on the use of symbolism.…

    • 758 Words
    • 4 Pages
    Good Essays
    Read More
  • Good Essays

    Reason People Leaving the Organisation
    • 333 Words
    • 2 Pages

    Reason People Leaving the Organisation

    Recently, a huge number of workers have left and expressed intentions to leave the organization. There are few reasons that have been carried out. Firstly, it is mainly because their jobs are lack of challenge. Some workers feel bored and unchallenged about current works over years. Boredom has negative effects on experiences; they tend to think their actions and thoughts are senseless and meaningless. Whereas having no enjoyment during working time. This reason drives employees want and willing to find another more interesting and challenging job, as they can get more working experiences which are useful in their lives. Secondly, there is poor communication among a few employees and employers. This small group of workers has ineffective communication with their managers and the boss. For both reasons, the managers are not open and transparent enough of communicating with workers and these employees are not having many ideas about their current job. The manager has not stated the firm’s vision and mission and their goals. Employees cannot feel themselves in a team; it also makes workers feel unsatisfied. Next reason is about payment, as employees could not receive ideal wages and salaries. Workers still earn the same amount but the price of goods and services are increasing significantly. A very high-priced market plus government taxes people on income, these workers may suffer from it if they cannot earn higher income. Those workers who have left want to seek for another similar job or organization which can provide higher wages. Finally, rather than low wages and salaries, it is non-wage benefit. There are some workers want to get more non-wage benefit more than money in the firm. Three non-wage benefits which most of the employees want are medical and health benefit, educational benefit and personal insurance. Once the firm fails to ask for employees’ suggestions and ideas, then it fails to provide what they want. In this situation, those unsatisfied workers…

    • 333 Words
    • 2 Pages
    Good Essays
    Read More

Related Topics