Human Resource management

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