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HRM
The Strategic approach to the effective management of employees so that they help the business gain a competitive advantage
Workforce Planning
Forecasting the number of workers and the skills that will be required by the organisation to achieve its objectives
Workforce audit
A check on the skill and qualifications of all existing workers / managers
Factors that affect the demand of employees
Forecast Demand for the product
The productivity level
the objectives of the business
Changes in the law regarding worker’s rights
The labour turnover and absenteeism rate
Labour Turnover
The measures the rate at which employeesare leaving an organisation:
(Number of employees leaving in 1 year)/(average number of people employed) * 100
