workforce planning recruitment
Overview
This lesson explores Workforce Planning and Recruitment, crucial aspects of Human Resource Management. It covers how businesses forecast their staffing needs and the processes involved in attracting and selecting suitable candidates to meet those needs. Effective workforce planning ensures an organisation has the right people, with the right skills, at the right time.
Introduction to Workforce Planning
Workforce planning, also known as human resource planning, is a strategic process that aligns an organisation's human resources with its business goals. It involves **forecasting future labour demand** (how many people, with what skills, will be needed) and **forecasting future labour supply** (how ...
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Key Concepts
- Workforce Planning: The process of forecasting an organisation's future demand for and supply of labour, and then planning to ensure the right quantity and quality of employees are available.
- Labour Turnover: The rate at which employees leave a business, usually expressed as a percentage of the workforce per year.
- Recruitment: The process of identifying the need for a new employee, defining the job and the ideal candidate, advertising the vacancy, and shortlisting suitable applicants.
- Internal Recruitment: Filling a job vacancy from within the existing workforce of the organisation.
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Exam Tips
- →When discussing workforce planning, always link it to the business's overall objectives. Explain *why* a business needs to plan its workforce (e.g., to achieve growth, reduce costs, or adapt to technology).
- →For recruitment, clearly distinguish between internal and external methods. Provide a balanced argument by discussing both advantages and disadvantages for *each* method in relation to a given scenario.
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