Human Resource Planning and Recruitment - Goal setting and strategic planning

4 important questions on Human Resource Planning and Recruitment - Goal setting and strategic planning

What is the prupose of setting specific quantitative goals?

To focus attention on the problem and provide a benchmark for determining the relative success of any program aimed at redressing a pending labor shortage or surplus

What are these different strategies, and when do you use it?

Downsizing (labor surplus)
Early retirement programs and buyouts (labor surplus)
Employing temporary workers (labor shortage)
Outsourcing, offshoring, and immigration (labor shortage)
Altering pay and hours (both ways)

What is downsizing of a company and what are the 3 major reasons for downsizing? What are the hazards of downsizing?

Downsizing is the planned elimination of large numbers of employees to enhance business effectiveness.

3 major reasons for downsizing:
  1. Reducing costs
  2. Introduction of new technology (automatization)
  3. For economic reasons many firms changed the location of where the business is executed


hazards of downsizing:
  • initial cost savings are short-term, long-term effects can be negative due to loss of talent
  • letting go of the wrong people
  • Employees who survive the purges often become narrow-minded and self-absorbed. The motivation drops
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What are the advantages and disadvantages of employing temporary workers?

Advantages:
  • Less administrative tasks and financial burdens
  • Small companies don't have to invest in their own testing programs
  • Reducing training costs as agencies train the agents
  • Temporary workers bring an objective perspective


Disadvantages:
  • Low levels of commitment to the organizations
  • tension between a firm's temporary workers and full-time workers.

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