Resource and Talent Planning for MicroTech Systems
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This article covers resource and talent planning for MicroTech Systems, including expansion plans in the UK and international labor markets, being an employer of choice, legal requirements for recruitment and selection, and more.
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Table of Contents ACTIVITY ASSESSMENT 1........................................................................................................4 Introduction.................................................................................................................................4 Context........................................................................................................................................4 An identification of the different considerations for the expansion plans in the UK and international labour markets.............................................................................................4 A definition of the concept of being an employer of choice and three ideas of how MicroTech Systems can compete against its labour market competitors.........................6 Key consideration.......................................................................................................................7 A brief explanation of what you would include in a Standard Operating Procedure (SOP) for the process of defining a vacant post..........................................................................7 A discussion of key legal requirements to be considered throughout the recruitment and selection process...............................................................................................................8 Recruitment and Selection activities...........................................................................................9 Conclusion................................................................................................................................10 References.....................................................................................................................................11 ACTIVITY ASSESSMENT 2.....................................................................................................12 Introduction...............................................................................................................................12 Resource Planning Methods......................................................................................................12 The principles of effective workforce planning with three examples of what MicroTech Systems could do to identify skills demand...................................................................12 Considerations for retirement when planning resourcing...............................................13 Succession Planning..................................................................................................................14 Discuss succession planning and ways this can benefit the organisation.Using a simple diagram, map out a succession planning process and explain how it could operate fairly and transparently within the organisation........................................................................14 Different roles in Skill Development........................................................................................17 Identify the roles of government, employers and trade unions in skills development in line with the business needs of MicroTech Systems.............................................................17 Managing Under-Performance and Misconduct.......................................................................18
Explain good practice in managing any serious under-performance and misconduct of MicroTech Systems employees......................................................................................18 Downsizing and Redundancy....................................................................................................19 Should customer demand for some sites not be as expected, explain how labour costs and headcount can be reduced...............................................................................................19 Overview of the redundancy process........................................................................................20 Conclusion................................................................................................................................20 References......................................................................................................................................21 ACTIVITY ASSESSMENT 3......................................................................................................23 Introduction...............................................................................................................................23 Explain key reasons why people choose to leave organisations and the costs associated with dysfunctional employee turnover............................................................................23 Why employees leave...............................................................................................................23 Cost of employee turnover........................................................................................................24 Identify and evaluate at least three approaches MicroTech Systems could take to retain key talent...............................................................................................................................25 Retention Strategies..................................................................................................................25 Conclusion................................................................................................................................27 References......................................................................................................................................28
ACTIVITY ASSESSMENT 1 Introduction The activity one includes the identification of different consideration for expansion plans in UK and International Labour Market, it also includes the concept of being an employer of choice and Standard Operating Procedure for the process of defining vacant post. It also covers the legal requirement to be considered throughout the recruitment and selection process (Green, Sissons, and Qamar, 2021). MicroTech System wants to expand their business in UK towns and citiesthrough which their InternationalPresence gets increased. The Activity covers the expansion plans by outlining some key consideration that can be implemented by HR. Context An identification of the different considerations for the expansion plans in the UK and international labour markets International Labour Marketexists globally where employees interact with each other and meet the supply and demand of workers for Multinational Corporations. In International Labour Market, employers hire the best candidate and employees compete with each other in order to get the best satisfying job. The Importance of international Labour Market is that Companies get best candidates according to their need and requirements. They also improve the economic performance of Country and gain international knowledge and experience.The Labour market of UK is continuing to recover and the number of payroll employees have been increasing upto 28.9 million. Tight Labour Marketis a situation when economy is close to full employment. When Economy reaches to full employment, employees have to contribute their best efforts to meet ever increasing demand for products (Jianu, Cojocaru and Murtaza, 2021). Furthermore, is economy is close to full employment, extra workers cannot be hired easily as there is a small number of available employees.UK Labour market is tight market, unemployment, economic rates and employment rates are unchanged. In UK, employment rate is at 75.1% which is lower than before the pandemic. The number of job vacancies in UK 2021 is more than six thousand more vacancies (King, 2021). One third of employers (37%) are making staff redundancies in next 3 month. There are more than 39,232 recruiter agencies in UK and around 67 businesses per
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recruitment agency. The Company must expand their business in US as the employment rate is lower than previous year due to which they get highly expertise labour and also they can help in increasing the growth and sale of business. IT Labour market is different from general labour market as IT Labour market is more concern on technologies and general labour market focus on coming together to bargain for labour and wages. Organisation must focus on expanding their business in US as the labour market is more than 164.6 million employees in 2020 (Clark, 2021). It is suitable market as they have tight and loose market. The labour market of US is strong as there is large number of vacancies due to which employees can gain new opportunity to enhance their career. Loose Labour Market is known for employer's and buyer's market, where companies have large number of available workers to hire for positions and even jobseekers are competing with each other for getting same position. Due to COVID 19, UK Labour Market is in Crisis, the unemployment rate is estimated at 4.8% which is higher than before the pandemic. The tight and loose labour market creates a direct impact on the recruitment process of MicroTech and also it can reduce or increase the wage rate. Different considerations for the expansion plans in the UK There are few consideration which must be followed by HR of MicroTech in order to expand their business in UK Cities. Before expanding the business, company must focus on these key points which can help in running the business with smooth and effective manner. Assess Key Performance Indicators: The HR of MicroTech must identify the key performance indicators of Organisation and assess whether they are ready to expand the business in New Market (Klarin, and Suseno, 2021). Through Key performance indicators, HR can identify whether they are meeting financial commitments and making enough profit to survive in Long run. Cash Flows: In order to expand the business in UK cities, it is necessary to have huge investment as expansion in new market can be expensive. MicroTech must raise the fund by attracting more and more investors and financial institutions so that they can expand the business successfully. If the Company is facing any loss it might be risk to expand the business and they also face difficulty in finding cash flows. Hire Additional Staff:
For expanding the business in UK Market, MicroTech also requires additional staff. They must also get prepared for hiring and attracting new employees who can contribute their best output in making business successful. Hiring new staff is difficult process as it requires lot of time and money, HR needs to evaluate the performance of candidates and select accordingly. Culture: Before expanding the business it is necessary to identify the culture of UK cities as it determines whether business can be run in successful manner (Brotherton, and Gude, 2021). It is important that the products and services of MicroTech must add value and meet the desires of local people due to which company can create strong customer base and increase their growth. A definition of the concept of being an employer of choice and three ideas of how MicroTech Systems can compete against its labour market competitors Employer of Choice means choosing someone to work who can represent the brand with other employment choices. The Employees feel encouraged to continue their work by developing skills, abilities, knowledge and career. Employers offers various benefits to staff which helps in improving their performance and growth. They serve planning, performance development, training opportunities and career paths.Employer of choice is important as it helps in developing healthy workplace culture and improve the retention level due to which MicroTech get highly skilled employees for accomplishing its goals. The pros of employees wanting to work is that it increases the productivity of business as staff give their best contribution in accomplishing the target and produce effective ideas to improve the growth of business. The disadvantage of employees wanting to work is Micro Tech has to invest more for recruiting new talentin order to run the business in new cities of UK (Bellou, Rigopoulou and Kehagias, 2015). The employeescancompetewithothercompaniesstaffby understandingthedifferenceand identifying their own strength and weakness so that they canimplement and achieve the competitive advantage. Employees must produce better services and products to their customer from its competitors for attracting more customer towards the brand (Ahmad, Khan and Haque, 2020).Companies make an employer of choice in order to attract and retain the top talents with leadership style, company culture and employee engagement. The Organisations has to create a positive working environment and culture that leads to the concept of becoming employer of
choice(Davids,2021).MicroTechmustmapouttheemployeeengagementjourneyby evaluating their progress through surveys and feedback. The Success of company must be evaluated towards the distinction of an employer of choice, it can be measured by including the following points they are: avoid rigid job classifications and allow staff to grow, provide continuous training and education rather than sporadic mandatory sessions, maintain healthy and respectfulrelationshipwitheachlevelofemployees.MicroTechmustensurethattheir employees must feel valued so that they can contribute their best in accomplishing their goals. Being an employer of choice means they have to provide right tools to everyone in order to make them satisfied through relevant opportunities and positive reinforcement. MethodProsCons PriceThroughpricecompanycan compete with each other and customerscanalsodecide what things they want to by and with whom. Thepricestrategydoesn't always get successful to attract and retain customers. Brand LoyaltyBrand loyalty helps in gaining competitive advantage. Brand loyalty creates lack of variety and convenience. Offering new productsIncreases the sell and market share of company. New products bring risk and competition in Market. Key consideration A brief explanation of what you would include in a Standard Operating Procedure (SOP) for the process of defining a vacant post A standard operating procedure (SOP) is refer to a written instruction that is to describe step by step process that must be taken properly at the time of performing routine activity. It provides various policies, procedures and rules for a company to succeed in a market. They could helps in reducing business errors, increasing productivity and profitability and creating a safe and positive environment (RDL, and Bonding, 2021). Further it helps in resolving issues and obstacles. It is important for an organisation to maintain their standards operating procedure
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to make sure that employees are completing their routine task or not while following all rules and regulation as well. In context with process of definition vacant position, this is most essential process which is to be followed. SOP is consisting of various steps which should be considers in mine while filling vacant position. These rules and regulation are to be analysed and updated in every 6 weeks or in a year. This also consisting of risk assessments which can be come between this process. There can be certain question which could be answered in SOP process. These are Who is to perform what role? What will be there in each role? What can be the role of each person? In context with Microtech company, they could make sure that their SOP should be followed effectively in the organisation by a managers at the time of filling vacant positions (Mitnick, 2021). SOP is consisting of different types of formats such as simple steps, flow charts or diagrams or hierarchical steps etc. this is to be choose by managers. Some of the examples of SOP are job description, persona specification, competency framework and job analysis etc. Job description: It is regarded as a narrative that helps in describing various tasks and other related roles and duties of a specific job position. Person specification: It is refers to person attributes which can be desired as employees potential and it is similar to job description as well. A discussion of key legal requirements to be considered throughout the recruitment and selection process There can be various major laws and regulation which can affects selection process of any of the organisation. There can be various laws which are coming in organisation at the time of recruitment and selection. Some of the legal requirement to be followed by organisation are: Age discrimination employment act: According to this law, it prohibits discrimination which is against 40 years of age and above. Then it promotes hiring, promotions and other terms related to employees and other people. It is requiring higher decisions which is based on person abilities. Equal act 2010:This is a unlawful discriminate employment which is including at the time of recruitment and selection. This can be on a grounds of disability, age, gender,
marriage, pregnancy, race, religion etc. as company should prohibits discrimination in their wages and payments (Citelli, Pedrosa, and Kac, 2021). They are treating equally all the employees. This helps at the time of recruitment and selection. Data protection act 2003: This is one of the another law which is being used in organisation to protect their data and information in most effective manner. As in this applicants who are applying for job position who could be notified that there data is used only for hiring purpose and for recruitment purpose. It is not leaked to any third party. In thisdataisconfidentialandcanbeusedforselectionprocessconductedinthe organisation. Rehabilitation of Offenders Act, 1974:As it is the act of UK parliament which is enabling some of the criminal convictions to be ignored after rehabilitation period. It main objectives of this act is to do not have lifelong blot in their records since relatively minor offence in their past time. As from the above acts, Microtech company could use these acts when they are performing recruitment and selection process in UK. They should more focus on data protection act and equality act so that more candidates will be get attracted towards their organisation. Recruitment and Selection activities Methods of recruitment Internal method Internal recruitment method is a method in which vacant positions are filled from its current workforce (Xu, Keetharuth, and Wong, 2021). They do not have to search outside the organisation. There can be various internal method. Internal methodProsCons PromotionsThis is a best method because employee get motivated from this and they retain more in organisation. Another advantage is that does not requires more cost an also not time consuming. By this business environment of company get change. And there is a conflicts sometimes. Anotherconsisthatit increasestrainingcost ofan employees. Next cons is that organisation
ishavinglimitedchoices. Further,itleadingto workplace hostility. Employee referralsAs this helps in reducing cost oforganisationalandsaving time. As in this sometimes candidate can come which does not have much information. External method External method is a method in which vacant position are being filled from outside the company and applicants are selected from outside the current employee pool (Nguyet, Dung, and Duong, 2021). External methodProsCons PlacementsAs this is having one of the advantagethatorganisation couldabletogettalented students in their organisation which dose not even require more training and this helps in achievement of their goals and objectives. These helps in selecting better candidatesandgettingright candidates(Bidonde, Vanstone, and Abelson, 2021). One of the cons is that this requiresmorecostofan organisation. And further this is very time consuming. So this could be seen by the line managers of Microtech. AdvertisementThis brings talented candidates fromlargenumberof population applied for their job position. Required more time.
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Conclusion From the above it can be concluded that MicroTech Systems wants to explore in UK market. For this they needs proper funding and do proper recruitment of their vacant position. This includes key considerations, that is Standards operating procedure and legal requirements that is to be considered in mind while recruitment and selection of an employees. Then there are various recruitment activities which are to be shown in this particular activity.
References Bidonde, J., Vanstone, M., Schwartz, L. and Abelson, J., 2021. An institutional ethnographic analysis of public and patient engagement activities at a national health technology assessment agency.International Journal of Technology Assessment in Health Care,37. Brotherton, D.C. and Gude, R.J. eds., 2021.Routledge International Handbook of Critical Gang Studies. Routledge. Citelli, M., Pedrosa, L.D.F.C., Junior, A.A.J., de Lira, P.I.C., Kurscheidt, F.A., da Silva, P.R.P., Salvatte, K., de Aquino Lacerda, E.M., dos Anjos, L.A., Boccolini, C.S. and Kac, G., 2021. Methodological aspects of the micronutrient assessment in the Brazilian National Survey on Child Nutrition (ENANI-2019): a population-based household survey.Cad. Saúde Pública,37(8), p.e00301120. Davids, M., 2021. Local meets global: resilience in Dutch and Taiwanese high-tech regions. Business History, pp.1-26. Green, A.E., Sissons, P., Broughton, K. and Qamar, A., 2021. Public policy for addressing the low-skills low-wage trap: insights from business case studies in the Birmingham City- region, UK.Regional Studies,55(2), pp.333-344. Jianu, E., Pîrvu, R., Axinte, G., Toma, O., Cojocaru, A.V. and Murtaza, F., 2021. EU labor market inequalities and sustainable development goals.Sustainability,13(5), p.2675. Klarin,A.andSuseno,Y.,2021.Astate-of-the-artreviewofthesharingeconomy: Scientometric mapping of the scholarship.Journal of Business Research,126, pp.250- 262. Mitnick, K.D., 2021. The Art of Deception-Kevin D. Mitnick ND. pdf. Nguyet, T., Dung, N., Trang, T., Anh, T. and Duong, N., 2021. The effects of human resource management, customer satisfaction, organizational performance on tourism supply chain management.Uncertain Supply Chain Management,9(3), pp.563-568. RDL, A.H.D. and Bonding, F., 2021. Device Packaging. Xu,R.H.,Keetharuth,A.D.,Wang,L.L.,Cheung,A.W.L.andWong,E.L.Y.,2021. Psychometric evaluation of the Chinese Recovering Quality of Life (ReQoL) outcome measureandassessmentofhealth-relatedqualityoflifeduringtheCOVID-19 pandemic.Frontiers in psychology,12. Bellou,V.,Rigopoulou,I.andKehagias,J.,2015.Employerofchoice:doesgender matter?.Gender in Management: An International Journal. Ahmad, A., Khan, M. N. and Haque, M. A., 2020. Employer branding aids in enhancing employee attraction and retention.Journal of Asia-Pacific Business.21(1). pp.27-38. Online Sources: King. B., 2021.Unemployment rate: How many people are out of work? [Online]. Available through:<https://www.bbc.com/news/business-52660591>. Clark. D., 2021. Number of people employed in the United Kingdom from March 1971 to June 2021[Online].Available through:<https://www.statista.com/statistics/281998/employment-figures-in-the-united- kingdom-uk/>.
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ACTIVITY ASSESSMENT 2 Introduction The HR planning within the company is helpful for generating effective growth and make enlightening report for the growth and success of the company. This will be helpful for enlarging the aspect and make consideration for the growth of MircoTech system. It is related to achieve growth in the management for planning and analysing report to manage poor performances (Liu, Qingqing and Liu, 2021). This assessment includes the resource planning method, succession planningprocess,Differentmajorrolesindifferentskills,Managingtheprofileunder- performance and Downsizing the process within the MicroTech company. It will be helpful for generatingeffectivegrowthandaccomplishthedatatoproviderelatedgrowthinthe management team. Resource Planning Methods The principles of effective workforce planning with three examples of what MicroTech Systems could do to identify skills demand Workforce planning is the method that is helpful for analysing, forecasting and planning the workforce tools for effective supply and demand. This is helpful for using sources and make effective targeting management to intervened the source within Micro tech organisation for analysing right people and right time. This is helpful for generating effective sources and use right employee at right time. These activities are related to applying management strategies and achieve basic human resource decisions. It will allow the growth and change as per the surprised nature and strategic methods for solving workforces issues. This will be helpful for make a strategic resources to allow workforces and make planning to manage effective resources. To achieve changes in the activities (Greer, 2021). This is helpful and effective for the growth in the basic activities in the market. In today's business environment the company is helpful for gaining effective resources to achieve suitable changes and make systematic growth in the major activities to analyse the workforce planning. This make the changes in the external hiring with high effective process to achieve their suitable growth and make moves to work on the specific consideration for employees engagement with promotional opportunities and new hiring process. Three main example for link to MircroTech company are:
Labour market analysis:This is basically helpful for generating effective labour market and make systematic process for identifying the various skill labour and their options in the market. The need to expand the business and analyse the labour market in Micro Tech company is helpful fro checking market and analyse the salaries behaviour for the growth and use a common positions. This is helpful for generating effective workers and make process in the employees interaction with the process to each others. Skills gap analysis:Many of the small businesses need to expand their market in area, which is helpful for others and make effective facilities and process to achieve facilities, finances and planning puzzle for the effective growth and goals in the company (Kim and et.al.,2021). The use of skill gap analysis in the MicroTech company is related to analyse the market and make individual employees and achieve affordable changes in the market. Elements of supply and demand:This factor is related to achieve factors and use to provide effective growth in the market. It is analyse the major changes and work for supply and demand of the market. All is needed to achieve effective growth and market analysis to work and achieve appropriate success planning to analyse the systematic growth. Considerations for retirement when planning resourcing Retirement is the thing which is consider for the approach and make systematic growth in the retirement process. It is helpful for analysing the systematic change and make a start-up for reviewing their value and make financial consideration impact on the growth of the company. This is helpful for generating effective changes in the retirement policies that are helpful for effective growth in the planning process. The need of the company and their individual is helpful for current economic climate and make a resourceful consideration to manage and achieve the appropriate growth in the basic activities and management process. This is important for the employers to work and make growth in basic activities, opportunities and reduce the staff for declining turnover changes (Bolger, Egdell and Ritchie, 2021). All is helpful for discriminate effectively to work indirectly to manage workforces. The need is to defend for the challenging nature. All is this forces for managing time for utilising the behaviour and make systematic changes. The company and their employees are related to work and make systematic changes for productive order and growth in the younger and elder workers. All is related to work and make effective growth in retire changes in consideration for planning resourcing. There are different
laws and variable which are helpful for analysing systematic changes and achieve the targets as per the progressive platform in the management. This is helpful for generating effective team to work and achieve systematic growth for job requirement and adopt the process for the growth of employers. This is related to work and make systematic changes in the retirement process. All of these are related to work and make contribution plan and achieve benefits for the growth for employee succession changes. With the help of post employment strategies, the company is helpful for generalising and adequate process for analysing funds and place an effectual framework for the growth in investment risk. There are different benefits plan for the measurement successto achieve benefits in the liability (Mason, Pearce and Cummins, 2021). When it comes to the long term perspective the changes and their progress are helpful for analysing the situation and use effective termination plan and make withdrawal concepts and their benefits to achieve successive planning and growth. All of the above mentioned policies are helpful for generating effective growth and progress to work and make systematic changes in the micro-tech company and run the benefits thorough the effective planning management. Succession Planning Discusssuccessionplanningandwaysthiscanbenefitthe organisation.Using a simple diagram, map out a succession planning process and explain how it could operate fairly and transparently within the organisation Succession planning is the process which is helpful for suitable supply changes of successors for current and future jobs material. This is helpful for generating effective changes to optimise the nature and developed the growth for managing people and make suitable changes. This is helpful for make a process to make a selecting nature to achieve the growth and make higher profit to organisational capabilities for the growth. It will be helpful for generalising competent growth and senior level roles for the successive changes in the company (Baporikar, 2021). There are different benefits that are explained below:
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Availability of capable individual:This is the process to increase availability of being capable to make systematic changes. It is related to use capable individuals and make management process for the growth and make increased environment in the strategic changes. This process make benefits in the talent management resources and achieve the basic growth in the succession and effective planning process. Risk of Losing experience leaders:This is helpful for getting benefits and make workforce planning that is used to decline the risks and make loss for achieved experience method and make leaders (Waley, 2021). With the help of succession planning, is needed to work and diminishes the need for being external and qualified candidates and achieve the particular position to work and make systematic changes. Use of financial resources: This benefits is helpful for analysing the systematic changes and make financial data for analyse the behaviour and make senior management sources in the personable changes and their growth in the leadership development.
The Micro-tech company used the different succession planning tools which, actually help their management team to work and make systematic growth in the progressive changes in succession and leadership planning application. Some of the methods are related to SAP, Succession Wizards, Cornerstone OnDemad and Plum. This is further, related to Nine Box Matrix Tool. As this is helpful for selecting major changes and make successive platform to employee selection with potential and performances. This method is helpful for operate fairly and make effective growth in the company to achieve their beneficial sorceress. This matrix help the company to select their best employees for the progress and operate fairly and achieve effective changes. It will be helpful for the company for the growth of current progress and make future potentials to work and make systematic changes in the development sector of the company (Drammeh and Taysir, 2021).HR of the company is used different techniques and now the value of an employee by their potentials and performance growth within the organisation. These succession planning is needed to be operated fairly and transparently to work and manage the challenges for the growth in significant challenges.
Different roles in Skill Development Identify the roles of government, employers and trade unions in skills developmentinlinewiththebusinessneedsofMicroTech Systems Role of government: Government is playing most essential role in in setting of the rules and regulations which is to be followed in an organisation. Government of a country should have to make sure about economic stability and growth and further providing goods and services to the public. There can be skills shortage in some of the areas. By improving skills of employees this will be resulting in increasing productivity of employees and this should be supported by government as well (Srinivasan and Thangaraj, 2021).It is said that skills which are required in employees should be generated from economic needs and which are to be dedicated by labour market. Investigatedthe market, OCED challenges and building different HR practices in UK for analysing systematic changes and growth in the UK skill development polices. Role of employers: Employers are developing various activities for employee so that they could develop skills in them and so that their productivity get enhanced. Employers conducts various programmes like training and development sessions, performance management system and employee engagement programmes which helps the employees in leaning something new and gaining more knowledge about a particular field or task which they have to perform. Theyareprovidingpromotionstotheemployeessothattheygetmotivatedandskills developmental are enhanced. They make employee more friendly with advanced technologies as well. Role of trade unions:Trade union are more effectively helpful in providing training and learning to employees working in an organisation.Updation in skills are more important and trade union are essential for them to enhance their productivity and competitiveness among market. They are helpful for generating the source for UK development, to make different characteristics for challenging and analysing the nature. These are more useful for Microtech organisation in order to enhance their employees skills development and employers should help employees in working effectively in business environment(MangianteandPeno,2021).Roleofthesetradeunions,governmentand
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employersaremosteffectiveandtheyhelpsinenhancingtheiremployeesskillsand development. Managing Under-Performance and Misconduct Explain good practice in managing any serious under-performance and misconduct of MicroTech Systems employees Conduct: It is relating with person behaviour at workplace and not reaching to the required standards. Capabilities: It is when worker is unable to achieve their expected standards of their performance because of lack of ability, skills or any type of training. Being an employers it is most important to have consistent approach in a management of capability at a working environment (Kotzian, 2021). These issues can be handle in formal and informal ways. Process of Underperformance : Recognisance of problem or issue Assessment of seriousness of problem Conducting meeting Developing an action plan Second meeting to review the performance Monitoring and controlling of actions Process of misconduct Giving notice of meeting providing evidence Putting clear allegations Make sure employees will have right disciplinary actions Informing to take right decisions Disciplinary processInitial understanding: In this conversation with employees are to be done and letter should be reflect what was said.
Investigation :Gather information and establishing facts according to situation and looking for information serve as evidence.Conducting the disciplinary meeting:Initiating employees in disciplinary meetings. And matter will discuss. Running thorough alligation and making notes as well.Deciding actions: Take action by seeing all evidences and notes(Zikanga and et.al., 2021). Confirming outcomes :confirm the actions in writing from employees and level of warning should be provided. Downsizing and Redundancy Should customer demand for some sites not be as expected, explain how labour costs and headcount can be reduced Labour cost if one of the cost of business. As it is between 10- 35% of their total revenue. There can be various in which labour cost can be reduced. These are discussed below: Cut overtime: As this can be the most important method of reducing labour cost. Because by cutting overtime of the employees, company can able to reduce their staff cost(Eze, Uchenna and Chinedu-Eze, 2021). As if employees did not work overtime, then they did not want extra money. So this helps the organisation in reducing their labour cost. Hire part time employees: By hiring of part time employees will results in reducing costs of labour. As they receive lower salary as compared to other full time salaried people. Recruitment freezes: this is another method as if organisation freezes the recruitment then this will automatically reduce their labour cost. There can be best practises of redundancy in a business environment which includes legal aspects. The Employment right act is covering in detail as this helps in following all the rules without making any change(Valdes and vanDuinkerken, 2021). Then consultation should be done among employees so that there could be more engagement among employees and further communication is done effectively to have so that employees could not underperform.
Overview of the redundancy process This is one of the most distressing event which can be experience by employees. It requires fair treatment could be done by employers towards employees so that their productivity and morale get increased. The redundancy and lase law is very complex and employers should understand obligations which includes rights of employees and other procedures. According to fact sheets,the redundancy process includes identification a pool for selection, identifying volunteers, selection of redundancy, consultation of employees, appeals, suitable alternative and payments of redundancy. Conclusion From the above analysis it is considered that is helpful for generating effective growth and make changes in the potential challenges while working in planning growth. This is basically helpful for analysing the position, and make effective planning method. While the use of succession planning and their operational activities in the management of HR help the company to grow and make systematic changes in the activities to work and make substantial growth. Further the need of retirement and their beneficial changes to allow their planning, using misconduct behaviour and choose possible outcome and downsizing the behaviour in an ethical manner.
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References Books and Journals Baporikar,N.,2021.TalentRetentionforSuccessionPlanningintheDefenceForces. International Journal of Applied Management Sciences and Engineering (IJAMSE), 8(2), pp.52-71. Bolger, E., Egdell, V. and Ritchie, L., 2021. Dementia in the workplace: the implications for career development practice.British Journal of Guidance & Counselling, pp.1-10. Drammeh, A. and Taysir, N.K., FAMILY BUSINESS SUCCESSION PLANNING IN THE GAMBIA TEXTILE MARKET.PressAcademia Procedia,13(1), pp.48-51. Eze, S.C., Uchenna, C.O. and Chinedu-Eze, V.C., 2021. Psychological Impact of Downsizing on Survivor-Managers in a developing Economy.European Journal of Business and Innovation Research,8(8), pp.53-70. Greer, C.R., 2021.Strategic human resource management. Pearson Custom Publishing. Kim, S.C., Rim, G.N., Jang, S.N., Kim, C.S., Choi, Y.R., Jon, H.S. and Jo, Y.J., 2021. ObjectivesforResearch,Development,andIntroductionofEnterpriseResource Planning System:A Case Study in the DemocraticPeople'sRepublicof Korea. International Journal of Enterprise Information Systems (IJEIS),17(1), pp.44-68. Kotzian, P., 2021. Applying Machine Learning and Artificial Intelligence to CSR-Compliance. AConceptualFrameworkwithIllustrations.AConceptualFrameworkwith Illustrations.(February 19, 2021). Liu, P., Qingqing, W. and Liu, W., 2021. Enterprise human resource management platform based on FPGA and data mining.Microprocessors and Microsystems,80, p.103330. Mangiante, E.M.S. and Peno, K. eds., 2021.Teaching and Learning for Adult Skill Acquisition: Applying the Dreyfus and Dreyfus Model in Different Fields. IAP. Mason, K.E., Pearce, N. and Cummins, S., 2021. Geographical heterogeneity across England in associations between the neighbourhood built environment and body mass index. Health & Place,71, p.102645. Srinivasan, S. and Thangaraj, R., 2021. Essential employable skill sets in management graduates for finance job roles in India.Higher Education, Skills and Work-Based Learning.
Valdes, Z. and vanDuinkerken, W., 2021. Leveraging Collaborative Repository “Resource-In- Common” Model to Find Space–and Solace–In Downsizing Legacy Print Collection: A Case Study.Collection Management, pp.1-18. Waley, T., 2021. The importance of succession planning.Independence,46(1), pp.54-55. Zikanga, D.K., Anumaka, B.I., Tamale, M.B. and Mugizi, W., 2021. Remuneration and Job Performance of Teachers in Government Aided Secondary Schools in Western Uganda. INTERDISCIPLINARY JOURNAL OF EDUCATION RESEARCH,3(2), pp.10-22.
ACTIVITY ASSESSMENT 3 Introduction Employees turnover is the amount which is associated with employees cost which is needed for enhancing their productivity ad identifying a best suitable candidates (Harbitz, Stensland, and Gaski, 2021). In this particular report, it is focusing on a companyMicroTech Systems which also wants to invest in some of the resource to reduce employees turnover rate. This also consist of various employee retention activities and strategies which could results in gaining more profits and revenue of the organisation. Explain key reasons why people choose to leave organisations and the costs associated with dysfunctional employee turnover Why employees leave Employees turnover is having a negative impact on performance of organisation. As a reason behind increasing of staff turnover, it is the main objectives which is to be finds of leaving of employees. As mangers wants to recruit new candidates, make new retention techniquesandprovidethemmoretraininganddevelopmentopportunitiestostarttheir functioning. Employees Turnover is more expensive. There can be various reasons through which employees leave from organisation. These are discussed below : No growth opportunities: This is one of the biggest reason to which employee leave from a organisation. As employee feels dead and low when they did not finds any of the growth opportunities in their future (Irani-Williams, Tribble, and Hardgrave, 2021). This growth can be in compensation or in status. So for making employees stay and reduction inemployeesturnover,itismostimportanttoprovidegrowthanddevelopment opportunities to the employees. Raises and promotion frozen: Raises and promotion are becoming frozen after the crisis of covid 19 pandemic. As if mangers are lacking in providing promotion and recognition to the employees then this could be resulting in increasing of employees turnover as employee leave from organisation very effectively. Training and development is lacking: If managers are not providing effective and timely training and development programmes then this could be resulting in leaving of
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the employees from organisation. In context with Microtech system, if their managers are not providing proper training and development session then this could be resulting in leaving of employees and increasing in employees turnover. Poor management:This is the another reason why employees leave, as when their is a poormanagementamongbusinessenvironment.Thenthisresultinginleavingof employees. Biasses among employees:when employees sees biasses among employees working in a single team, then this may be considering in leaving of employees and they did not feel comfortable while sharing their issues as well. Cost of employee turnover Functional turnover: Functional turnover are the employees whoa re leaving from the company are underperforms. This can be most common in large firm and accounting firms. As ion these firms there turnover are always high and make retain talented employees and rest others whoa re not performing good are left ( House Jr, 2021). This helps them in raising and improving their employees and organisational performance in an organisation. Dysfunctional turnover:This is the another turnover which is totally opposite of functional turnover. As in this employees who are best, leaves from organisation. This could happen because of some reason and not getting any of the opportunities in future as well. There common cause is low potential to advance. It is to be said that calculation of this type of employee turnover is difficult because criteria of suing high and low performers are dependent on supervisors and managers. It is said that 20% turnover rates are to be investigated. Then less than 105 employees turnover is reasonable number.Direct turnover cost consist of leaving cost, replacing cost and transition cost. On the other hand, indirect cost includes production loss and reduction in performance. Direct cost includes recruitment cost, testing cost, training and orientation cost and Advertising cost. Then on the other hand, indirect cost includes lost knowledge, cost which is associated with trade,productivitywhennewemployeescomesinspeedandcostofmotivationbefore employees leaves (Teng, Cheng, and Chen, 2021).
Identify and evaluate at least three approaches MicroTech Systems could take to retain key talent Retention Strategies Employee retention strategy is the strategy which is being sued by organisation in order to stay employees at a workplace. This helps them in reducing of employees turnover rate and resulting in increasing employees performance. Some of the retention strategies which can be used in Microtech are discussed below: Retention strategy Evidence it worksAdvantagesofthe method Disadvantagesofthe method Offering attractive packages This is one of the finestretention strategywhich couldbeusedby managersinorder to retain employees forlongtime (Johnson,2021). This helps in retain employees and also to motivate them in mosteffective manner.Managers ofMicrotechcan providethisina formof compensation, incentivesand bonus etc. this will motivatemore The major advantage of this retention method is thatitwillhelpsthe organisationin retention of employees andfurtherreducing theiremployees turnoverration.By offeringattractive packages will resulting inencourageand motivationofthe employees.This developstheir productivityandfeels better at a workplace. The major disadvantage is that it could increase theexpensesof organisation.Andthey could have towards upon their funds and financial services.Microtech shouldhavetowork keep this in mind while paying compensation and attractive packages to the employees(Baharmand, Saeed,andLauras, 2021).
employeesand resultingin reducingtheir employees turnover. Providing growth opportunities Thisisanother strategyusedby managers.Asof employeesgetting highgrowth opportunitiesthen theyretaininan organisation more. This advantage is that if employeesare providing better growth opportunitiesintheir businessenvironment then they could retain in an organisation for long time. Then next is that itwillhelpsthemin raisingtheirstandards in society and attracting anothercandidatesto join this firm. Therecanbe disadvantageofan organisation is that, there isnogrowth opportunitiesthen employeesleavefrom organisation.Ifproper growth opportunities and development opportunitiescouldnot begiventothe employees then they will notabletoretain employees for long time. Being transparentand open Thishelps employeesin retainingand developmentof theirworkinglife balance(Abdullah, andAnwar,2021). Asif communicationis effectivein organisationthen thisisresultingin retentionof Themajor advantageous is that if there is a transparency inanbusiness environmentthen workerswillnotleft fromtheorganisation. Anotheristhat employeeswillfeel moremotivatedand comfortableinsaying theirproblems.This brings transparency and Ifthereisno transparencyinan organisation,then employees could not able to perform their job role effectively.Thiswill resultinginnon achievable of goals and objectives.Thiscanbe the biggest disadvantage fororganisation. Microtechmanagers should have to keep this
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employees.employeewillgeta chanceoftakingany decisionsandmaking innovation as well. inmindandprovide properdirectionto employees and involves them in decision making process (Puljić, 2021). Conclusion From the above it can be concluded that employee retention is most important. As every organisation is more focusing on reducing employees turnover rate. This will be resulting in reducing their cost related to employees and staff members. There is a discussion about cost of dysfunctional employee turnover. If employees retention strategies are made appropriately then thiswillhelpsmanagersinreducingemployeesturnoverratesanddevelopmentfthe organisational objectives as well.
References Abdullah,N.N.andAnwar,G.,2021.GlobalFinancialOutlookduringtheCOVID-19 Pandemic: The role of effective leadership styles on Financial outlook.Available at SSRN 3824670. Baharmand, H., Saeed, N., Comes, T. and Lauras, M., 2021. Developing a framework for designing humanitarian blockchain projects.Computers in Industry,131, p.103487. Harbitz, M.B., Stensland, P.S. and Gaski, M., 2021. Rural general practice staff experiences of patient safety incidents and low quality of care in Norway: an interview study.Family Practice. House Jr, S.S., 2021.A Qualitative Examination of Workplace Bullying(Doctoral dissertation, Trident University International). Irani-Williams, F., Tribble, L., Rutner, P.S., Campbell, C., McKnight, D.H. and Hardgrave, B.C., 2021. Just Let Me Do My Job! Exploring the Impact of Micromanagement on IT Professionals.ACM SIGMIS Database: the DATABASE for Advances in Information Systems,52(3), pp.77-95. Johnson, S., 2021.Former Youth Care Workers’ Experiences in Residential Treatment(Doctoral dissertation, Walden University). Puljić, D., Should I stay or should I go? Case study of Bosnia and Herzegovina. Teng, H.Y., Cheng, L.Y. and Chen, C.Y., 2021. Does job passion enhance job embeddedness? A moderated mediation model of work engagement and abusive supervision.International Journal of Hospitality Management,95, p.102913.