C1 Human resources (HR)
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 Human resources as a factor of production.
 Labour market analyses.
 Forecasting labour demand.
 Sources of information available to conduct labour market analyses.
 The link between business planning and human resources.
 The impact of globalisation on human resource planning.

HR as a FOP

Consider these following images the role that HR will play in the performance of a business. What can they influence and why?
​Why will HR be important for Porter's generic strategy and your competitive advantage?

Labour Market Analysis

Why is it important to research current labour market trends?
​Consider the following evidence as a starting point. 
Top Three Trends for the Global Labour Market in 2016
U.K. skills shortage

Where to get labour market information?

Where would you seek labour market information if you ran a business?

Why type of information do you think you'd seek?
Related links:
ONS
The news
Research orgs
UKCES

Forecasting Labour Demand

Consider the following two sources of information. How could you estimate your workforce needs in both quantity and skills for the future?
The Labour Market - Monster Government Solutions UK

Business Planning and HR

How do you plan for the future within the business as leader or manager?
What have BMW done?
How do you think this type of approach will benefit the business?
Why might a firm not do this?
What could be a problem if this happened?
Workforce Planning - BMW

Globalisation & HR planning 

Watch the video and answer the 3 questions:
  1. What is meant by globalisation? 
  2. Why will it influence the HR department?
  3. ​Consider what it may mean to manage an MNC? 


Key themes:
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> Management styles fit for the country and multiple employees of various demographics
> HR legal requirements around the world (UK - HR laws you know? Chinese?)
> Monitoring employee performance in multiple time zones? 
> Communicating with employees considering languages and cultural traditions. 
Did You Know 2017