Professional Documents
Culture Documents
3. Candidates fill out forms and may have a quick interview to see if
they're a good match or not. It saves time by filtering out unsuitable
candidates.
5. The boss and maybe some team members talk to the candidates to
pick whom they want to offer the job.
Ex: Imagine Towers Watson helping a bakery. First, they see how much
money the bakery might earn from selling cakes and how many cake
decorators and bakers the bakery will need. Then, they predict the bakery
might need new roles like a pastry chef and notice they're short on bakers.
So, they make a plan they'll hire a new pastry chef and train some current
staff to become bakers. This way, the bakery has the right team to make
delicious treats and grow their business.
It's a series of steps or challenges to find the perfect person for the job.
Each step helps narrow down the candidates until you find the best fit.
Q: Types of Planning
Employment or personnel planning: The process of deciding what
positions the firm will have to fill, and how to fill them. Employment
planning is crucial because it ensures the right people are in the right roles
at the right time, preventing staffing issues, minimizing costs, fostering
employee growth, and keeping the company active and competitive.
Succession planning: The process of deciding how to fill the company’s
most important executive jobs. This is important because it ensures the
company always has skilled and ready-to-go people in line for those
crucial positions. It prevents a situation where the company is trying to
find someone suitable for a top job, keeping things running smoothly.
Succession planning steps: For backup planning
1. Identifying and analyzing key jobs.
2. Creating and assessing candidates.
3. Selecting those who will fill the key positions.
EX: Succession planning is like having backup players on a sports team.
Just as substitutes are ready to step in during a game, it involves training
employees to take over key roles if current leaders can't. This keeps the
company ready for changes, ensuring smooth operations.
Q:What to forecast?
forecasting means gathering three things:
1. How many people we will need overall for the company?
2. How many people from within the company might be available for
these positions?
3. How many candidates from outside the company might be available
for these positions?
Q: Trend Analysis: This is like looking at a company's past to predict its
future needs. By studying how many employees they needed before and
how many they'll need next, based on those patterns.
Q: Ratio Analysis: This is guessing how many new employees a
company might need based on something specific, like sales or customers.
It assumes this relationship stays the same over time.
Q: Scatter plot:
A graphical method is used to help identify the relationship between two
variables. It shows points on a graph where each point represents how one
thing changes as the other changes.
EX: The hospital's HR director wants to figure out how many nurses
they'll need as the hospital grows from 500 to 1,200 beds. To do that, she
needs to see the correlation between the number of beds and nurses
required. This helps her plan for having enough nurses when the hospital
gets bigger.