BENEFITS OF DOCUMENT
DESCRIPTION
Two major ways that societal trends affect employers:
(a) consumer markets, which affect the demand for goods and services
(b) labor markets, which affect supply of people to produce goods and service.
Three keys effectively utilizing labor markets:
(a) companies must have a clear idea of their current configuration of human resource
(b) organization must know where they are going and know the configuration that will be needed
(c) have a program that will address these discrepancies between current and future configuration.
Past staffing levels are used to project future HR requirements. Past staffing level are examined to isolate seasonal and cyclical variations, long term trends, and random movements. Long term trends are then extrapolated or projected using a moving average, exponential smoothing or regression technique.
Past personal data are examined to determine historical relationships among the number of employees in various jobs or job categories. Regression analysis or productivity ratios are then used to project either total or key group HR requirements to various job categories or to estimate requirements for non-key group.
Historical data are used to examine past level of a productivity index: (P = workload/ number of people). Where constant or systematic, relationships are found, HR requirements can be computed by dividing predicated workloads by P.
Got a question about the product? Email us at support@flevy.com or ask the author directly by using the "Ask the Author a Question" form. If you cannot view the preview above this document description, go here to view the large preview instead.
Source: Best Practices in Hiring PowerPoint Slides: HR Planning & Recruitment Strategy PowerPoint (PPT) Presentation, UJ Consulting
This document is available as part of the following discounted bundle(s):
Save %!
HR Strategy for Competitive Advantage #2
This bundle contains 3 total documents. See all the documents to the right.
Save %!
The Ultimate Strategic Planning
This bundle contains 15 total documents. See all the documents to the right.
Save %!
Become a Recruitment Expert
This bundle contains 5 total documents. See all the documents to the right.
Save %!
HR Strategy In Hypercompetitive Business
This bundle contains 7 total documents. See all the documents to the right.
Save %!
Complete HRM Best Practices (Strategy & Operations)
This bundle contains 15 total documents. See all the documents to the right.
Download our FREE Organization, Change, & Culture, Templates
Download our free compilation of 50+ slides and templates on Organizational Design, Change Management, and Corporate Culture. Methodologies include ADKAR, Burke-Litwin Change Model, McKinsey 7-S, Competing Values Framework, etc. |