Organizational Labor Supply and Demand – Current trends and Future strategies

Summary

When looking at the organizations current and future labor supply or demand, the organization needs to have an in-depth and understanding of its current and future goals. It would need to pay attention to those factors that would therein influence its future demand for labor. Global Enterprises would be best advised to have a business plan in place as well as the goals it intends to achieve within a certain specified period. Moreover, it would be important to look at the implications such moves would bear on the labor force.

The organization can arrange for workshops and or for interviews with its top leadership in order to gather knowledge regarding the way forward. Through organizing such a forum the organization will be able to identify the significant group of the labor force that is most important in assisting the organization to acquire its policy and duty. Apart from that, the organization would be able to recognize certain behaviors as well as skills needed by such groups. Lastly, the organization can be able to spot the major groups in the labor force that would pose the greatest challenge in terms of resources if they lost them.

With that in mind, the outside atmosphere therefore needs to be closely checked to spot any such factors as well as trends that might cause a blow to the direction that the organization has taken in addition to its labor force.  The Global Star Industries intend to open up the latest offices in and around Taiwan as well as in Shanghai. This is aimed at helping them to further expand business in the Asian market. The expectation of course is that they will register a growth in business in the near future.

Addressing skills of current workforce

The Industry also aims at addressing the issue of the skills of the workforce, because they understand the importance of the labor force to the growth of the organization. The organization could start by looking at the composition, the actions and the availability of existing labor for the business. As such, it should also look at the kind of careers and expertise that are available both from within and outwardly. The business should strive to empower their employees with the 21st century IT skills as they are important in stimulating the information period market. The institution might also consider recruiting new skilled workers.

Identifying skills gap for projected 3-5 years

   The institution must identify the IT skills gap that exists in the present labor force and address it. The organization must take action immediately; otherwise its ability to compete with other multi-national companies will be threatened. The company should address its human resources in order to fill up the employees IT needs. Through identifying the skills gap the institution should address its recruitment requirements and recognize the importance of recruiting skilled workers in the employment pool. In order to attract competent workers, the company can put in place attractive remuneration packages so as to be able to compete favorably with other industries that are also looking for skilled labor.

Identifying strategies to train and retain skilled workers

   The company should encourage their employees to stay in their workstations. In addition to this, the company should give priority to supporting the workers in the field of education as well as offering them training so that they can remain relevant in the job market. The organization should also strengthen the capacity of the governing bodies as well as administering fair hearing to the workers.

Identifying strategies to address unacceptably high staff turnover

   The company should come up with creative strategies such as offering training online in order to develop the performance at work. This will also ensure maximum involvement by the workers. The company’s management should appreciate their workers and make them feel important in order to raise their self esteem. Managers should develop good interpersonal skills with the employees so that the workers can have a good environment to work in. They should also provide attractive employee remuneration and incentives.

 Strategies to identify skilled labor

The company may visit universities and identify the required expertise. The company may also identify skilled labor through use of recruiting agencies. Alternatively, it may also advertise for positions requiring skilled labor and insist on evidence of previous work experience.

Recommendations

It is recommended that in order for the industry to adapt to meeting its future skills requirements, it must:

1. Recognize the workforce needs and address them fully. If they come up with recommendations, they must act on them and the company should provide a framework for addressing such issues.
2. Come up with creative ways of training their workers such as providing training online for the workers which will consequently lead to improved work participation.
3. Attract and retain the skills relevant to the company so as to minimize outsourcing from other companies.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Work cited

Global Star Industries Report retrieved 27th Sept 2010 from      http://www.globalstarenterprises.com/