Preview

workforce planning

Good Essays
Open Document
Open Document
737 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
workforce planning
Workforce planning is the ongoing balancing act that ensures the right individuals with the right skills at right place at the right time, to meet a organization’s current and future objectives (Lepak & Gowan, 2010).
According to Lepak and Gowan (2010), environmental influences are the pressure that exists outside companies that managers must consider to strategically manage their employees.
The number of employees keeps on changing in different departments of an organization. Managers need to study the factors such as employee turnover and company growth challenge to make workforce planning decisions to maintain the necessary number of employees. For making the workforce planning decisions, different factors should be considered. Environmental factors such as labor force trends, technology, globalization and ethics and social responsibility have impact on managers’ workforce planning decisions.
Labor force trends: There is workforce diversity so managers should reevaluate while making decisions on workforce planning. Managers should recruit and select individuals so that he/she can eliminate the direct or indirect discrimination in working place. Labor force keeps on changing as per the change in market. Manager should also focus on providing various benefits to the labor such as retirement benefit, bonus, incentives, other various benefits that helps to keep labor secure even though after their retirement. Labor seeks their opportunity in market. Managers have to gather up to date information about labor force trend for making decision on workforce planning.
Technology : Technology keeps on changing day by day. Proper use of technology gives the competitive advantage to the organization. Technological advancement has changed the thinking about work from labor because technology has changed the way of interaction, sharing information, coordination and communication with other employees. Due to the use of technology in organization, an employee must possess a



References: Lepak, D., & Gowan, M. (2010). Human resources management: Managing employees for competitive advantage.Upper Saddle River, NJ: Pearson Prentice Hall.

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Tanglewood

    • 511 Words
    • 3 Pages

    Future HR requirements represent the number and types of employees that the organization will need in the future to produce its goods and services. The requirements represent the organizations desired work force of the future. Statistical techniques like Ratio analysis and regression analysis are generally used to forecast HR requirements. In this case study the estimates for coming year's labor requirement is identical to the current year because of stability of the store. Therefore they need 1200 individuals to work as shift leaders, 850 individuals as department manager, 150 individuals as Assistant store manager, 50 individuals as store manager for the coming year.…

    • 511 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    Human resource planning is used to structure and meet organizational goals while taking into account four specific activities: job analysis, human resource inventory, human resource forecasting, and inventory and forecast comparison. With job analysis, groups of jobs are studied to ascertain their basic duties and the human characteristics needed to perform them. A human resource inventory determines staffing, along with their current qualifications and future prospects. “The human resource forecast is based on both short- and long-term plans and strategies for the company and its various parts” (Plunkett, Allen, & Attner, 2013, p.). Lastly, a comparison is made between the inventory and the forecasted needs to determine if reduction, growth, or retaining the status quo is the best strategy to adhere to.…

    • 1874 Words
    • 7 Pages
    Powerful Essays
  • Better Essays

    Exercise 70- Wagesim

    • 1884 Words
    • 8 Pages

    Noe, R. A., Hollenbeck, J. R., Gerhart, B., & Wright, P. M. (2010). Human resource management: Gaining a competitive advantage (7th ed.). New York, NY: McGraw-Hill/Irwin…

    • 1884 Words
    • 8 Pages
    Better Essays
  • Good Essays

    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…

    • 880 Words
    • 4 Pages
    Good Essays
  • Better Essays

    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
  • Powerful Essays

    Workforce Planning is best summarised as having the ‘right people in the right place at the right time’.…

    • 5733 Words
    • 21 Pages
    Powerful Essays
  • Satisfactory Essays

    During our collaboration in HRM Simulation we have made a lot of decisions that made an impact on “PRYDT.inc” business results. Due to that experience we realized the importance of workforce management on business success. As a HR managers we had to analyze our budget and make right decisions to achieve desired goal in terms of relations between employees and firm, in order to improve company’s performance measures such as productivity, morale, turnover, unit labor cost and others. Generally, workforce management should provide organization with an applicable plan that will manage workforce effectively.…

    • 483 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Resourcing Talent 3TR0

    • 1663 Words
    • 7 Pages

    This report will look at Talent Planning in organisations. Talent Planning describes an organisation’s commitment to recruit, retain, and develop talented employees to meet current and future organisational needs. It focuses on recruitment, ensuring the right people are attracted to the organisation.…

    • 1663 Words
    • 7 Pages
    Good Essays
  • Best Essays

    Unit 4 Person Selection P1

    • 1174 Words
    • 5 Pages

    Without the right staff with the right skills, a business cannot make enough products to satisfy customer requirements. This is why organisations draw up workforce plans to identify their future staffing requirements. For example, they may develop plans to recruit a new IT Manager when the current one plans to retire in eight months time.…

    • 1174 Words
    • 5 Pages
    Best Essays
  • Good Essays

    Workforce Planning

    • 640 Words
    • 3 Pages

    a. Identify 10 characteristics of best practice succession planning systems and management that ensure desirable workers are developed and retained.…

    • 640 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Research Paper - Ups

    • 472 Words
    • 2 Pages

    * Additionally, you are to summarize the KEY BUSINESS ISSUE OR CHALLENGE taking place in your organization which is WHY workforce planning is needed. As mentioned in your Bechet textbook, Workforce Planning is not done simply for the sake of Workforce Planning, there needs to be a substantial business reason as to why it is necessary that Workforce Planning be implemented. Examples of an acceptable BUSINESS ISSUE OR CHALLENGE include Growth/Expansion within the company or internationally, new product launches requiring new skillsets, etc with the workforce, opening a new location in the business, merger/acquisition activity, or linkage to any other key business strategy within the organization. Page 46 in your Bechet textbook can give you other suggestions for Business Issues that have been influenced by Workforce Planning efforts.…

    • 472 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Workforce Planning

    • 2335 Words
    • 10 Pages

    Workforce planning is a comprehensive process that provides managers with a framework for making staffing decisions based on an organisation’s mission, strategic plan, budgetary resources and a set of desired workforce competencies. (Dessler, Griffiths & Lloyd-Walker 2007 pp78)…

    • 2335 Words
    • 10 Pages
    Powerful Essays
  • Good Essays

    Workforce Planning Paper

    • 505 Words
    • 3 Pages

    Workforce planning is essentially a tool that is used to anticipate and account for any employment changes. Workforce planning tries to account for three to five years in the future. The actual workforce plan should be sure to include what the healthcare organization expects the size of their employer workforce and employee group to be. These employee groups need to be organized by major, sized, departments, category and skills. It should also include a schedule of adjustments through the recruitment phase as well as the retaining attrition and termination phase. The plan should be sure to include forecasts of wage and benefits costs that are tailored to fit local atmospheres. Lastly, we should include a summary of our strategic activities.…

    • 505 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Changing Workforce

    • 2814 Words
    • 12 Pages

    The effects of the changing workforce on Human Resource managers are quite large. As of 2007 in healthcare there are older workers than younger ones. The issues arise in HRM with this when the technology is changing and…

    • 2814 Words
    • 12 Pages
    Powerful Essays
  • Good Essays

    Siemens Company’s strategic planning includes workforce planning, and it is a systematic process for identifying the human capital required to meet company’s goals and developing the strategies to meet these requirements. Workforce planning helps an organization to estimate its future workforce requirements and calculate the numbers, nature and sources of potential employees who might meet that demand. In other words, it is about getting the right number of people, with the right skills, in the right place and at the right time. Such as workforce, planning enables Siemens to inspection its present staff numbers and the skill it has in place as well as identify where it has skill gaps needed to meet its business objective.…

    • 2213 Words
    • 9 Pages
    Good Essays