Pre-reading task

The words and word combinations in the box make a key vocabulary of the text you are going to read. What is this text about?

Reading

Read text 6 and think of the suitable title.

TEXT 6

After HR planners have made forecasts of both future demand and supply, the next step is to compare the two forecasts. If they are similar, the planners may conclude that continuing current HRM programs will provide sufficient employees to meet the organization’s future demands. If there is a discrepancy between the two forecasts, then managers must redesign HRM programs either to reduce or increase the supply of employees to meet future demand. In the case of Jewels & Tools, the two forecasts will be different because of the growth that Hubert plans. Diana will, therefore, design the HRM programs of recruiting, selecting, training, and compensating to bring more individuals into the organization over the next six years and to develop their appropriate skills.

Many organizations in the real world have recently faced the opposite situation. Many have made strategic plans to reduce business costs and, therefore, their demand for employees is less than the supply. Depending on the size of the difference between supply and demand, they can employ various programs. If the difference is small, perhaps reducing recruitment and selection programs will suffice. Or the HR manager can design an early retirement program to increase the number of senior employees who will leave the organization voluntarily. If the difference between demand and supply is great, the company will be forced to develop systematic termination programs. Such programs frequently include outplacement activities in which the organization assists those employees who have been laid off in preparing for and carrying out job searches.

To work well, HRM programs must be appropriately designed and implemented.

Date: 2015-01-02; view: 940