February 2016
Intermediate to advanced
480 pages
219h 58m
English
Labor planning is determining staffing policies that deal with (1) employment stability, (2) work schedules, and (3) work rules.
Employment stability deals with the number of employees maintained by an organization at any given time. There are two very basic policies for dealing with stability:
Follow demand exactly: Following demand exactly keeps direct labor costs tied to production but incurs other costs. These other costs include (a) hiring and layoff costs, (b) unemployment insurance, and (c) premium wages to entice personnel to accept unstable employment. This policy ...