SMO 415 Final Flashcards
(82 cards)
environmental scanning
identify and anticipate sources of PTOs and scanning external environment (competitors, regulators) and internal environment (strategy, technology, culture)
labour demand forecast
project how business needs will affect HR needs, using qualitative methods (delphi, expert) and quantitative methods (trend analysis, simple/multiple linear regression)
what is labour supply and forecast
project resource availability fro internal and external sources
what are the uses of skills inventory
promotions career planning and development training needs assessment transfers lay offs creating competency profiles
how can you inventory and forecast external supply
general economic conditions activities of competitors unemployment rates educational enrolments Canadian Occupational Projection System (COPS) alberta short term employment forecast
what is gap analysis
reconcile forecast of labour supply and demand
action programming
implement recommended solution fro step 4
control and evaluation
monitor effects on human resource planning by defining and measuring critical criteria (ie turnover costs, break even costs of new hires, recruitment costs, performance outcomes)
what are the eight surplus strategies?
- hiring freeze and attrition
- cut hours/part time work
- offer early retirement
- temporary leaves of absence
- voluntary severance
- temporary lay offs
- transfers
- permanent lay offs
what is downsizing
activities undertaken to improve organizational efficiency, productivity and competitiveness that affects size of workforce
why do companies downsize?
down turn in business perceived need to cut costs mergers and acquisitions new technology strategic change restructuring organization
what is the impacts of downsizing
less than 35% increased productivityes
less than 45% increased operating profits
around 33% productivity declined
less than third of companies achieved productivity and profitability goals
stock value increased when layoffs were because of strategic repositioning NOT cost cutting
what is the impacts of downsizing on employe
decline in motivation, work effort, trust
increases in fatigue, stress, resentment, retiring on job, turnover
companies who laid off more than 10% of employees have higher voluntary turnover
(fortune magazines best employees don’t have lay-offs)
downsizing lessons
- strategic vs cost cutting
- careful choice of who goes
- be careful how you termiante
what are the downsizing steps
consider how downsizing supports or interferes with strategy
consider how downsizing impacts short/long term HR needs
determine criteria for layoffs
develop severance packages and outplacement assistance
consider the survivors - what support they’ll need
evaluate results
downsizing criteria
seniority position/departement salary/wage level voluntary severance early retirement relationships with customers perfromance ratings skills/qualifications assessment future HR needs
criteria funnel
- competencies and skills and qualifications for future jobs
- performance ratings
- seniority as a tie breaker
support for survivors
set vision for future ongoing career planning and development training for new job duties adjust compensation and rewards two way communication employee surveys employee assistance programs
shortage strategies
increase overtime and hours outsource and temporary staff internal transfers earlier recruiting postpone retirement improve compensation and benefits hiring bonuses offer recruitment bonuses expand recruiting channels/sources recruit non traditional labour
what is employment equity
the removal of barriers in working conditions forr correction of the condition of disadvantage in employment
who are the four designated groups
visible minorities
women
disabled
aboriginals
which companies does the regulations apply to?
federal gov and employees
federally regulated employers and federal crown corporations with more than 100 employees
under the federal contractor’s program, provincially regulated employers with more than 100 employees who wish to bid on contracts of $1 million or more
what are the steps to employment equity
- review HR policies and practices to remove potential barriers
- survey internal workforce to determine designated group representation
- collect labour market data
- compare 2 and 3 to determine if significant under representation of designated groups (4/5ths rule)
- set goal and timetable to close the gap
what should employers consider in setting the goal and timetable
- organizational plans and strategy (expansion or contraction)
- number of job vacancies
- turnover rates
- availability of qualified designated group members internally and in the labour force