4.Planning_Recruitment

4.Planning_Recruitment - Planning and Recruitment MGT 315...

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Planning and Recruitment MGT 315 Scott
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Class Agenda Planning Forecasting tools Dealing with a labor shortage Dealing with a labor surplus Recruitment Vacancy characteristics Personnel policies Recruitment sources Recruiter characteristics
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Organizing Model
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HR Planning What kind of human resources do we have, what kind are we likely to need, and how do we bring those into alignment? Demand forecasting Supply forecasting
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Demand Forecasting How much labor will we need? Benchmarking How much labor does a business like ours use? Is there any reason why we may differ? Statistical Methods Example: Sales this year correlate with labor demand next year Educated Guesses Take into account other factors (e.g., new product launches, changes with competitors)
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Supply Forecasting How much labor will we have? Requires us to anticipate how people will move up through (and out of) the company. We do this using a Transitional Matrix.
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Transitional Matrix 2011 2008 (1) (2) (3 ) (4) (5) (1) Account Mgr 0.70 0.30 (2) Sales Rep 0.10 0.30 0.01 0.59 (3) Sales App 0.20 0.60 0.20 (4) Clerical 0.01 0.69 0.30 (5) Not in Org 0.20 0.50 0.38 0.31 Rows : Where did the people who were in this category in 2008 go to by 2011? Columns : Regarding people in this category in 2011, where were they in 2008? Rows and Columns sum to 1 (except 5)
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Supply Forecasting How much labor will we have? Also requires us to examine our business environment by asking these questions: What’s the unemployment rate? How does that break down by age, gender, and background of the people we would target? What might change those rates?
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Labor Surplus or Shortage? Comparing the results of demand and supply forecasting tells us whether we’re likely to have a surplus or a shortage Depending on which one we forecast, we plan to implement various strategies for creating equilibrium
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Overtime Temporary workers Outsourcing Retrained transfers Turnover reduction New external hires Technology change Speed
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This note was uploaded on 11/09/2011 for the course MGT 315 taught by Professor Wenier during the Fall '08 term at Michigan State University.

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4.Planning_Recruitment - Planning and Recruitment MGT 315...

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