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Human Resource Management Assignment SOLUTION
Assignment 01 of MGT501
Keeping in view the above scenario, according to you, what measures can be taken to address the
issue of shortage of workers in the city?
Following easures can be taken to address the issue of shortage of workers in the city
Q2. How effective human resource planning can a bridge the gaps in the factory?
Effective Human Resource Planning:
People are indeed the greatest assets to an organization; they are the foundation, but also one of the largest expenses. Thus it is critical that an organization ensures that these human assets are properly utilized before going ahead and hiring new staff. However, when you have hundreds of projects and many employees, there is bound to be resource allocation inefficiency – right? Wrong. Resource inefficiency can be greatly reduced – if we make the right choice.
In today’s organizations, it is increasingly difficult to manually calculate an accurate demand and supply of human resources across the organization. This is because when there are complex organizational structures, matrix management and many projects, the visibility of the work and resources goes down. If you want to enable accurate human resource planning in order to maximize the utilization of your employees, then it is important that you implement a proper centralized system with the right processes.
This means not just any old system, but one that will keep up with the pace of your dynamic organization and continuously track the supply and demand of human resources in order to support you bridge the inefficiency gap. When finding the right system for your human resource planning, the following steps are a must:
Determine current and future SUPPLY of human resources
Determine current and future DEMAND of human resources
Match DEMAND with SUPPLY and determine the gap
Create and implement plan to bridge the gap between DEMAND & SUPPLY.
A company that lacks human resources may have difficulty developing and maintaining a solid relationship with employees. Human resources bridges communication gaps between company management and employees and offers employees the opportunity to release their frustrations with the company and report wrongdoings. If your company does not implement human resources, it must develop a plan to effectively communicate and listen to employee concerns. If you're managing numerous people, such as over 50, it may be difficult to employ a strategy to deal with each employee. If employees become frustrated with the company or their jobs become dissatisfying, production can drop and company revenue may plunge. In addition, poor employee relations due to a lack of human resources can cause prospective employees to reconsider joining your company.
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