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Significance of the term derived demand

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Define and explain the significance of the term 'derived demand' as it applies to Strategic Human Resources Planning.

Explain 'derived demand' as it applies specifically to NorOnt Limited.

The Exec VP Marketing, Asad Hossain at NorOnt must consider a number of environmental factors that impact on its Human Resources Planning activities. Describe these environmental factors and explain their impact.

Identify and explain the various techniques for forecasting labour supply and labour demand. What can organizations do in the short run when they recognize a gap in which supply far exceeds demand. What could NorOnt do in this situation?

If the company ever had to downsize a plant how would you advise Monique Labelle, VP Operations regarding what factors she would consider that might force her to make this decision?

What alternatives should the company explore prior to making its downsizing decision?

Which plant should the company downsize? Why?

Explain, in detail, the implications of the downsize decision.

Reference no: EM132876997

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