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Essay Available:
Pages:
5 pages/≈1375 words
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Style:
APA
Subject:
Management
Type:
Essay
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 21.6
Topic:

The Demand for Human Resources

Essay Instructions:

Conduct research in order to get information to address the following questions (# 1 and 2) from page 129 of the course textbook. Ensure you use some of the qualitative and quantitative techniques described in the course textbook to help formulate your answers. Include at least two scholarly sources.
Using your HR planning expertise, forecast the demand of labour in the stores and the online environment over the next three years.
Assuming an annual 15 percent turnover level of in-store workers and a 30 percent turnover level of online-focussed employees, determine overall HR supply estimates over the next three years.
Report the number of employees that will be surplus or shortages for each part of the business and for each year.
Report the numbers of any employees that will need to be terminated each year and the services that should be provided for them.
Additionally, provide some suggestions of activities you could engage in to determine supply details by internal vs. external candidates.
You are to gather the information and write a business report which documents the results of your research above and presents it in a logical manner for senior management of the franchise.
Your report must be concise (Maximum of 2000 words double spaced, 12-point font excluding cover page and references page).
It must be well-written, but in lay terms so anyone can fully understand your reasoning. Follow APA format and include a proper introduction that clearly outlines the purpose and flow of the essay, and a strong conclusion are important elements.
You must also provide a properly cited reference page at the end of the report to support any of your conclusions.
You must also provide appropriate academic references (minimum 2) to support your conclusions or recommendations to the owner. They should be vetted journal articles and company prospectus information rather than Internet sources.
Remember, your objective is to provide an analysis on the labour forecast and turnover for the franchise owner, not simply to answer a series of questions. The questions are to help you focus your research. Your overall grade will reflect the strength of your analysis.

Essay Sample Content Preview:
BUSINESS REPORT
Name
Course
Date
Introduction
The purpose of this business report is to provide detailed information about various sectors of a franchise to senior management. The report will entail a brief forecast of the demand for labor in the franchise’s stores together with the online environment over the next three years. It will also include determination of the total Human Resource (HR) estimates over also the next three years, assuming that there will be an annual 15% turnover level of in-store workers and a 30% turnover level of online-focused employees. Also, it will provide a report on the number of employees that will be surplus or shortages for each part of the business and for every year. The report also includes the number of employees that will need to be terminated each year and the service they will be provided with. Last, the report will provide suggestions of activities that the franchise could engage in to determine supply details by the internal and external candidates.
Demand for Labor
The demand for labor refers to the number of employees or amount of labor that employers need to employ for a particular period of time at a given wage rate. The demand for labor is a derived demand because it’s used to help in the production of goods. In the case of the franchise, the demand for labor in the stores, and the online environment will go up because of several factors. Following the outbreak of the Coronavirus, many employees were sacked from their jobs because of the decreased production and the need to curb the spread of the virus. There were also changes in government policies that were not favorable for the franchise to thrive properly (Greenlaw and Shapiro, 2017). These policies affected the amount of labor demanded in the franchise to enable production. However, the government has been abolishing these policies because of the need to uphold the economy of the nation and to resume normalcy. Therefore, subsequently, this will lead to an increase in the demand for labor in the stores and the online environment.
It is essential to put into consideration that the demand for labor is affected by several factors, which include changes in demand for goods and services, changes in the number of firms in the market, changes in the use of other factors of production, and changes in technology. These changes in various factors of production may lead to changes in the demand for labor. For example, an increase in the demand for goods and service will require more production of the respective goods and services, which ultimately will lead to an increased demand for labor. In the franchise, the demand for labor may increase considering that there may be increase in the demand for goods and services because of the opening of various sectors of the economy, which had been previously closed down.
Implications of Employee Turnover
Supply refers to the total number of goods and services that are available to consumers. In the franchise, the overall HR supply can be estimated to around 22.5% for both the in-store workers and the online-focused employees. This is considering and assuming that the turnover level of in-store workers is 15%, and that of online-focused employees is 30%. Employee turno...
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