BU354 Chapter Notes - Chapter 5: Layoff
Document Summary
Environmental scanning is an assessment of external factors influencing organizations ability to find and secure talent from external labour market including: economic (cid:224) local, regional, national, international, competitive, legislative, social (cid:224) healthcare, childcare, educational priorities, technological (cid:224) affecting processes, products, and people, demographic trends (cid:224) internal/external labour force. Management inventories are records summarizing: qualification, interest, skills of management employees, #/types of employees supervised, duties of such employees, total budget managed, previous managerial duties/responsibilities, managerial training received. Succession should include these activities: analysis of demand for managers/professionals in company, audit of existing executives/projection of likely future supply, planning of individual career paths based on objective estimates of future needs, performance appraisal data, and assessments of potential, career counselling, performance related training and development to prepare individuals for future roles, accelerated promotions, with development targeted at future business needs, planned strategic recruitment aimed at obtaining people with the potential to meet future needs as well as filling current openings.
