Terms of forecasting labor demand and supply

Assignment Help Operation Management

Reference no: EM131033480

Assume you were a large and well-established company that was no facing a labor surplus in some job category. Why might it be in your best interest to use some method other than layoffs to reduce this surplus and in what sense are your options here a function of how well you did in terms of forecasting labor demand and supply?

Reference no: EM131033480

Questions Cloud

Large domestic and foreign information system : Assume that you have just been hired to manage a large domestic and foreign information system. What are some of the issues and solutions that you would discuss and plan for?

Detailed memo telling me about the law of contracts : Pretend you are my Attorney and I have come to see you concerning a wonderful business opportunity. The opportunity requires that I sign several contracts dealing with various matters. As my Attorney, you want me to thoroughly understand all aspects ..

Advantages of a limited liability corporation : Advantages of a Limited Liability Corporation (LLC) include all of the following EXCEPT a) unrestricted member participation in management. B) pass-through taxation benefits of a partnership. c) advantages of limited liability. d) limited number of s..

Sales reps sometimes resort to overly aggressive tactics : There have been reports of cell phone service sales representatives who actually lie to get customers to extend their contracts, or even extend their contracts without the customers’ knowledge. Some phone reps intentionally hang up on callers to prev..

Terms of forecasting labor demand and supply : Assume you were a large and well-established company that was no facing a labor surplus in some job category. Why might it be in your best interest to use some method other than layoffs to reduce this surplus and in what sense are your options here a..

Whom you would use to recruit the best employees : Assume for a moment that you were a large and well-established company, but learned recently that many of the people you were recruiting were choosing to go to smaller and less well-known upstarts. How might you go about competing against these small..

What are some of the possible implications of your decision : You are an employee in a retail store. You have seen an Assistant Manager in the company take merchandise home after store hours, without paying for the merchandise. You also notice that the sales figures for the month are altered by this manager. Wh..

Long-run average number of customers in the system : Potential customers arrive at a fast-food take-out according to a Possion process with average rate of 3 customers per minute. Potential customers enter only if there is space inside the restaurant. There are two servers. The service times are expone..

Long-run average number of requests in the system : Requests arrive at a web server according to a Poisson process with λ = 20 requests per minute. The service times at the web server are proportional to the size of the document requested which is according to a Pareto distribution. The average servic..

User Account

All Pages