When looking at this information you have to look at key figures. All of the above have key elements that I will try to explain.
Age in the UK is one of the main things that affect the human resources’ planning in most companies. The UK has a problem with ageing. This problem is that, there are now fewer school leavers and young workers available for employing. This means that the employers are turning to the older generation of staff, staff that are soon going to retire in order for them to do the jobs needing to fill. Although this is a good idea as they will get confident, skilled workers they will also have a huge problem as there will be no one to take over when all the old staff retire.
There is lots of competition when it comes to employing specific highly skilled staff, I mean it obvious. Wouldn’t you like the best of the best when going up against some major company? Employers are continually seeking to offer attractive work packages to ICT graduates in order to attract the best recruits away from the rival companies. This is because ICT in a job nowadays is very essential to modern business due to the growing technological advancements.
The economic activity is shown to be quite an important factor when looking at the human resource planning. When looking at the economy you must look at the rise and fall of the economy. These factors help to determine the level of demand for goods and services in the economy and for the employees. In an upturn period, people should have more funds to spend thus the need for goods and services will rise. This will then lead to an increase output from firms and therefore make an increase in the need for labour. All this information will help the HR in the business make valuable decisions within the company such as “Labour Increases”. With the high demand for stock means that there is a high demand in employment spaces, however it is hard for the HR to find so many people with the same skill to do the job.
There are many education and training opportunities available for people that will help them gain the skills they need for a specific job. Not everyone goes in these courses to achieve these skills. The HR looks for the people that do. There has been a rise in the number of young people attending these courses which to the HR is a plus. The reason there are more opportunities is that young people appreciate that company employer’s look for “skilled workers” in order to compete with rival companies.
Government policies can affect the labour market in many ways. The government supplies incentives to businesses that train and employ people. When companies are enticed into training people the government will reduce the costs of labour and thus have insinuation towards the HR planning. In recent years the government has also brought out new courses such as AVCE (Advanced Vocational Certificates in Education) and NVQs (Vocational Qualifications) these have led to an increased number of people having the right sorts of skills for the right sort of career choice.
