1
Q
Workforce plan
A
Sets out a business’s future labour needs and details how it intends to meet these.
2
Q
Features of a workforce plan
A
Analyse the existing workforce
Assess future demand for labour
Identify gaps in the workforce
3
Q
Factors affecting a workforce plan
A
Market demand
Financial position
Corporate objectives
Strength of the current labour supply
External factors - STEEPLE
4
Q
Advantages of workforce planning
A
Helps a business achieve the corporate objectives
Encourages managers to prepare and plan for changes
5
Q
Disadvantages of workforce planning
A
Cost
Employer / employee relations
Training needed
A-Level Business
flashcards
Decks in class (31)
# Cards
-
Business Revenue, Costs and Break Even26
-
Markets19
-
Supply and Demand11
-
Budgeting9
-
Market Research27
-
Market Analysis17
-
Cash Flow14
-
Product in the Marketing Mix (Product Portfolio Analysis)19
-
Price in the Marketing Mix18
-
Promotion in the Marketing Mix15
-
Final Accounts14
-
Business Location3
-
Business Finance20
-
Introduction to Business10
-
Purchasing4
-
Changes in Workforce Practices9
-
Workforce Planning5
-
Enterprise1
-
Place in the Marketing Mix10
-
New Technology10
-
Recruitment and Selection15
-
Assessing Workforce Perfomance6
-
Motivation25
-
Training8
-
Appraisal6
-
Leadership5
-
Economies of Scale7
-
Lean Production & Quality6
-
Added Value & Production5
-
Aims and Objectives8
-
Strategy and Implementation18
