Business 2.1

Human Resource Management

The management function of using and developing people within a business in order to meet the objectives of the firm

Workforce Planning (human resource planning)

The management process of anticipating an organization’s current and future staffing needs

Add Value

People add value to an organization by increasing productivity, improving quality, coming up with new ideas, and providing better customer service

Factors that influence workforce planning (INTERNAL)

-changes in the business organization (diseconomies of scale)

-changes in leadership

-changes to business finance

-skill level of workers

-changes in business aims

*internal factors can affect an organizations HR plan

factors that influence workforce planning (EXTERNAL)

STEEPLE FACTORS

-technological change (flexitime, remote working)

-government regulation/laws

-demographic change

-immigration

-social trends

-state of the economy

-labor mobility (occupational or geographical)

-changes to education (sectoral change)

*external factors can affect the labor pool of potential employees

Flexitime (work practices on the increase)

allowing workers to choose own hours (work core period)

The Gig Economy (work practices on the increase)

People that are portfolio workers that don’t have a full-time jobs. Take part time flexible jobs (uber)

work practices on the decline

-full-time workers (expensive and lack flexibility)

-permanent contracts

Reasons for resistance to change in the workforce

-discomfort

-fear

-insufficient reward

-lack of job skills

-loss of control

-mistrust

-poor communication

-poor timing

-past experiences

-social support

strategies to reduce impact of change

-involve employees in the process

-communicate

-time the change