Workforce shortage is probably one of the biggest concerns for a new business. Having a shortage of labor can result in lost business, missed deadlines, and unhappy customers. A few internal methods to circumvent a shortage include: Offering overtime wages Authorizing job sharing Retraining employees Internal solutions are the most cost-effective because you utilize the
Turnover is the rate at which a company loses and gains employees. Turnover is measured internally by examining the ratio of employees hired and employees separated from the business, whether voluntarily, or let go by management. You can analyze turnover by comparing your ratio to the industry turnover rate or even the national turnover rate,
Creating efficient work systems starts with breaking down the tasks performed by each person in the work unit. This process is called job analysis. Job analyses optimize the hiring process by ensuring new personnel are absolutely necessary, trained correctly, and given appropriate career opportunities. In addition, job analyses can clear up organizational confusion by detailing