Analysis Exercise

Paper details

Based on the information provided, develop an action plan for hiring for the company next year, including an overview of individuals needed. What further recommendations might you have related to the data provided?

Required Readings

Read this article to understand supply and demand concepts as it relates to staffing.
Cairns, T. D. (2010). The supply side of labor: HR must be ready to steer organizations to the future. Employment Relations Today, 37(3), 1-8. doi:10.1002/ert.20303
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Overview of the Workforce Planning Process.
Bechet, T. P. (2002). Chapter 5: Designing your strategic staffing/workforce planning process. In Strategic staffing (pp. 41-76). American Management Association International.
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Chapter on Forecasting and Planning. Pay particular attention starting on p. 35 and be able to discuss trend analysis, regression analysis, ratio analysis, Markov analysis, succession planning and replacement charts as they relate to forecasting.
Bulmash, J., Chhinzer, N., & Speers, E. (2010). CHAPTER 2: Forecasting demand and supply. Strategic planning for human resources. Retrieved from http://highered.mheducation.com/sites/dl/free/0070951772/846002/Bulmash_SampleChapter2.pdf
You will find this reading in the eReserves section of our classroom and also in this site. Bulmash_SampleChapter2.pdf

To find resources about labor supply and demand there are numerous websites and agencies that can help. Here is an example from the Bureau of Labor Statistics.
Brundage, V. (2014, November 6). Trends in unemployment and other labor market difficulties. U.S. Bureau of Labor Statistics Beyond the Numbers, 3(25). Retrieved from http://www.bls.gov/opub/btn/volume-3/trends-in-unemployment-and-other-labor-market-difficulties.htm

Optional Readings

This is an old article but still worth the read if you are interested more in the use of Markov Analysis in staffing.

Heneman III, H. G., & Sandver, M. G. (1977). Markov Analysis in human resource administration: Applications and limitations. Academy of Management Review, 2(4), 535-542. doi:10.5465/AMR.1977.4406722
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