5_6 - Ravensthorpe Nickel On 1 October 2004, BHP Billiton...

Info iconThis preview shows pages 1–10. Sign up to view the full content.

View Full Document Right Arrow Icon
1 Ravensthorpe Nickel On 1 October 2004, BHP Billiton announced that it would operate the Ravensthorpe Nickel Project (RNP) with a locally based workforce of about 350 employees. Nickel West’s Ravensthorpe Nickel Operation is a US$2.2 billion project located in the south coastal region of Western Australia. The operation includes an open-cut mine and hydrometallurgical process plant. The process plant is scheduled to be progressively commissioned during calendar year 2007, and will use proven technology to recover nickel and cobalt from laterite ores to produce a mixed nickel and cobalt hydroxide intermediate product. The process plant will have the capacity to produce approximately 50,000 tonnes of contained nickel in mixed hydroxide product and 1,400 tonnes of cobalt per annum. Located near the towns of Ravensthorpe and Hopetoun, Ravensthorpe is a short flight from Perth. Two thirds of the local shire is still covered in natural bushland - the Fitzgerald River National Park is located 45 kilometres south of Ravensthorpe. http://www.bhpbilliton.com/bb/ourBusinesses/stainlessSteelMaterials/nickelWest.jsp
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
2 HR Planning process 1. Forecast HR  requirements 2. Forecast HR  availability 3. Conduct  environmental scans 4. Determine gaps 5. Develop action plans Compar e
Background image of page 2
3 Forecasting HR requirements Statistical techniques Ratio analysis Regression analysis Judgemental techniques Managerial estimates Top-down Bottom-up
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
4 Statistical techniques to forecast HR requirements Ratio Uses simple historical ratios on workforce size e.g. $ sales ÷ FTE or new customers FTE If 20 new customers per FTE is historical ratio, 300 new customers will require 300 25 = 15 new staff . Regression analyses Combines several historical predictors of workforce size, each weighted by their predictive capability in the past e.g. FTEs = a + b 1 sales + b 2 new customers Historically, FTEs = 7 + .004 sales + 0.2 new customers Assume projected sales = $1,000,000 Assume projected new customers = 300 HR requirements = 7 + 400 + 6 = 413
Background image of page 4
5 Forecasting HR availability Statistical techniques Markov analysis Transition probabilities matrices Judgemental techniques Management reviews Succession plans Vacancy analysis
Background image of page 5

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
6 Markov analysis Job 1 Job 2 Job 3 Job 4 Exit Job 1 .60 .10 .20 .00 .10 Job 2 .05 .60 .00 .00 .35 Job 3 .05 .00 .60 .05 .30 Job 4 .00 .00 .00 .80 .20 Now In One Year’s Time
Background image of page 6
7 Markov analysis Job 1 Job 2 Job 3 Job 4 Job 1 100 .60 60 .10 10 .20 20 .00 0 Job 2 20 .05 1 .60 12 .00 0 .00 0 Job 3 200 .05 10 .00 0 .60 120 .05 10 Job 4 15 .00 0 .00 0 .00 0 .80 12 Total 71 22 140 22 Now In One Year’s Time Remain- ing 80  are  forecast  to leave  the  organ- isation
Background image of page 7

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
A hypothetical transitional matrix for a car parts manufacturer 2007 2001
Background image of page 8
9 Problems with Markov Transition probabilities with small samples
Background image of page 9

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 10
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 35

5_6 - Ravensthorpe Nickel On 1 October 2004, BHP Billiton...

This preview shows document pages 1 - 10. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online