This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Describe the five steps in the workforce planning process. What will be an ideal ... (Read 111 times)

wrbasek0

  • Hero Member
  • *****
  • Posts: 560
on: Jul 7, 2018
Describe the five steps in the workforce planning process.
 
  What will be an ideal response?

Question 2

Add-on refers to the other costs that rise when wage rates are increased.
 
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Jevvish

  • Sr. Member
  • ****
  • Posts: 326
Reply #1 on: Jul 7, 2018
Answer to Question 1

The five steps in the typical workforce planning process are described below.
1. Identify the business strategy. A firm's strategic vision, mission, and strategy affect current and future staffing requirements by influencing the types and numbers of potential employees.
2. Articulate the firm's talent philosophy and strategic staffing decisions. Firms differ in their commitment to things like promoting workers, retaining workers, and their preference for hiring people with certain skills or training them after they are hired. Because these factors influence the nature of the firm's future labor supply and the type of workers it will need, they are important to understand when forecasting and planning.
3. Conduct a workforce analysis. Forecast both labor demand and labor supply, and identify any gaps between the two.
4. Develop and implement action plans. Develop action plans to address any gaps between labor demand and labor supply forecasts. The action plans should be consistent with the firm's talent philosophy, and can include recruiting, retention, compensation, succession planning, and training and development. Action plans can be short-term or long-term, depending on the firm's needs and the predictability of the environment. Action plans to address aging workforce issues or workforces that have a disproportionate number of similarly aged employees may need a longer timeframe.
5. Monitor, evaluate and revise the forecasts and action plans. As the environment changes, forecasts and action plans may need to change as well.

Answer to Question 2

True


wrbasek0

  • Member
  • Posts: 560
Reply 2 on: Jul 7, 2018
Great answer, keep it coming :)

ryhom

  • Member
  • Posts: 366
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Approximately 70% of expectant mothers report experiencing some symptoms of morning sickness during the first trimester of pregnancy.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Steps toward a Genetic Map Steps toward a Genetic Map
Steps in sequencing a polypeptide Steps in sequencing a polypeptide
Nursing process Nursing process
(a) In a healthy eye, aqueous humor is formed in the ciliary process and drains through the canal of ... (a) In a healthy eye, aqueous humor is formed in the ciliary process and drains through the canal of ...
Describe the development of atherosclerosis, including its role in the risk of heart disease Describe the development of atherosclerosis, including its role in the risk of heart disease
The policymaking process The policymaking process
Video: Fetal Development of the Cardiovascular System

For a complete list of videos, visit our video library