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Research on Workforce Requirements and Developing Workforce Planning

   

Added on  2020-06-04

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Research Workforce Requirementsand Develop Workforce Planning
Research on Workforce Requirements and Developing Workforce Planning_1

TABLE OF CONTENTSINTRODUCTION...........................................................................................................................11) JKL simulated business..........................................................................................................12) company employee turnover and demographics ...................................................................13) Impact of external environment on workforce supply ...........................................................24) Executive summary of report..................................................................................................25) Communication strategy plan.................................................................................................36) Risk management and contingency plan ...............................................................................4CONCLUSION ...............................................................................................................................5REFERENCES................................................................................................................................6
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INTRODUCTIONHuman resource is one of the most important resources a firm have. This is the onlyresource of firm that has potential of continuous development. It also plays huge role in successof firm. In current time, special attention is given to the work force of firm as they play huge rolein aiding firm so that it can achieve its goal and objective (De Bruecker and et. al., 2015) Incurrent report the need of workforce planning and workforce requirement are highlighted. Thereport focuses on various aspect such as employee turnover, and recruitment strategy so thatproper planning for workforce can be done. Along with different communication strategy andrisk management strategy with contingency plan are also discussed. 1) JKL simulated businessIt is an Australian owned company known for the selling and renting Forklifts and smalltrucks. It is also known for selling spare parts to different part in country. The country isestablished in Sydney but have many branches in other city such as Melbourne, Perth etc.In recent time, the firm has get offer of sales right to medium and larger size truck fromoversees. This opportunity will provide firm with many benefits and will also help firm ingaining competitive advantage. The company has great sales revenue and have recordedthe annual growth of 10%. The rental section of firm is going through some loss because ofreduction in cost. The sales opportunity will bring many benefits in the firm which requiresome major change in its operation and working style. This change will have direct impacton the labour of firm, to make sure that company is able to retain skill employees, theyhave adopted workforce planning method and is analysing their employee turnover andrecruitment strategy so that proper action can be taken into account. 2) Company’s employee turnover and demographics a) The company had total number of 140 employees out of which 41 employees had leftthe firm for various reason. Through research three reason has been identified as major reasonbehind employee turnover that is lack of opportunity, unhealthy work environment, otheropportunities. Other than this retirement and lack of recognition has also been included into this.The demographic distribution shows that firm has maximum no. of female employees whichwork in the customer service department all the other department of firm that is senior manager,branch manager is consisted only of males. 1
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