COMM 203 Lecture Notes - Lecture 6: Liquid Oxygen, W. M. Keck Observatory
Document Summary
Chapter 4: planning for and recruiting human resources: goal setting and strategic planning. Lo2: summarize the advantages and disadvantages of ways to eliminate a labor surplus and avoid a labor shortage: hr strategies for addressing a labor shortage or surplus: Negative long term effects, loss of talent, disrupts the social networks through which people are creative and flexible, motivation drops: reduce problems with: better planning, avoid voluntary reductions. Reducing hours: more equitable way to weather a slump in demand, less costly than layoffs requiring severance pay, easier to restore the work hours than to hire new employees after a downsizing effort. Early retirement: or phased retirement programs reduce hours of older workers, psychological benefit of easing into retirement rather than suddenly stop working. Options for avoiding a shortage: disadvantage: must pay overtime wages, used when the organization doubt that the current higher level of demand for its products will last long. Short term labor shortages: risk: employee frustration.
