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Summary IB Business & Management (HL) - Revision Poster - 2.1.1 Workforce Planning

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A detailed revision poster which provides a summary of the IB Business & Management subtopic 2.1.1 Workforce Planning. The document is in a PDF format and the text is unhighlighted to allow for personalisation according to your own colour scheme for your subjects. The use of this revision poster, in addition to my complete set of revision posters for the IB Business & Management syllabus enabled me to achieve a final grade of HL7 (A*).

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Uploaded on
September 10, 2022
Number of pages
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Written in
2021/2022
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Summary

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2.1.1 (HR) Workforce Planning and Recruitment


Work Force Planning: Recruitment Process:
• method used by a business to forecast how many and what type
of employees are needed now and in the future, work force • steps
planning is carried out by the human resources department. HR • job analysis
gather and analyse data on the needs of the organisation and • job description
develop responses to the needs identified • person specification
• steps: • job evaluation
• assess current employees • job advertisement
• analyse demand for employees • selection
• compare the demand and supply data
• Job analysis
• develop and implement work force plan
• Forecasting demand for employees • study of what job entails. Provides details of skills, training
• past data and tasks needed to carry out the job
• productivity • Job description
• management knowledge • communicates to potential candidates what is expected of
• calculating staff turnover them, includes: job title, context of job within business, main
• Analysing supply of employees tasks, other duties, working environment, performance
• internal sources of labour - employment available from inside information
the business, depend on whether company encourages internal • Person Specification
promotion
• defines the qualities of the individual needed to fill the
• external sources of labour - employees recruited from outside vacancy for example qualifications, experience, personality
the organisation, depend on the factors of: availability of
housing and transport, levels of competition, unemployment and skills
rate, government training and subsidiaries, skills available in • Job evaluation
area, population and demographics • assessment of the value of the job in relation to other jobs,
• Labour Turnover so that rewards and remuneration reflect value
• proportion of employees leaving within a given period • Job advertisement
• (number of employees leaving / total number of employees) x 100 • internally - if company policy us to promote existing
• Avoidable causes of leaving employees
• dissatisfaction with payment • externally - employment agencies, job centres, newspapers,
• poor working environment internet and social media
• job dissatisfaction
• Selection
• human resources policies
• lack of facilities • application - CV + references
• dissatisfaction with working time • job interview - most common form of selection
• Unavoidable causes of leaving • testing - interview may be combined with tests, aptitude
• family circumstances tests
• physical reasons • job offer - end of selection process, successful candidate s
• marriage offered employment contract
• birth of children
• retirement
• dismissal
• redundancy
• Costs related to a high labour turnover Evaluation of Recruitment types:
• recruitment
• loss of productivity • Internal
• inefficiency , machine breakdown • Advantages
• waste • shorter introduction
• defective products • existing resources can be used building on expertise
• training • familiar with candidate’s abilities and experience
• reputation of company • less expensive
• External Factors affecting workforce planning
• retains valuable employees
• competition - if there are many similar organisations in the
area offering similar jobs, it will be more challenging to find • Disadvantages
and recruit qualified employees • number of applicants becomes limited
• payment - labour supply helps determine payment offered • no opportunity to select from a better variety of applicants
• legislation -country laws that govern issues such as • another vacancy created which must be filled
recruitment, dismissal, compensation, etc • fewer new ideas and innovation
• technological advancement - may allow business to • potential internal conflict over promotion
downsize and use fewer employees
• population and demographics - ageing population • External
• economic situation - high rate of unemployment lead to large • Advantages
pool of employees to choose from
• avoids internal conflict
• availability of skills - certain skills will be more available in
some areas e.g Silicon Valley • new ideas
• government training and subsidies - gov involvement in • encourages pre-existing staff to update skills and eduction
training programmes can reduce costs • promotes change
• Internal factors affecting workforce planning • greater choice and a range of experience in candidates to
• Structure of the organisation - organisational chart allows HR choose from
to identify position that should be included and positions that • Disadvantages
are redundant and to plan how to address those gaps • new employee may not fit well in organisational culture
• budget - funds available to recruit and compensate workers • pre-existing staff may feel overlooked
• promotion - policy on promoting employees internally • consuming and costly
• working practises - may decide to change the working
practises to ensure flexibility • longer periods of induction and training required
• risk of employing someone who is unsuitable is greater
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