Workforce

Workforce Planning is the business process for ensuring that an organization has suitable access to talent to ensure future business success.

WORKFORCE
The aggregate of workers ready and able to perform jobs in a particular field or the total workers available in the region or even in the entire country.
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Workforce
Definition: Those who are employed, self employed, claiming benefit or in the armed forces.
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Workforce not directly engaged in the manufacture of a product line.
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Workforce in place.
Business books and records, operating systems, or any other information base, including lists or other information concerning current or prospective customers.
A customer-based intangible.

The workforce in society today is different to the ones of the past, where different methods had been put into practice.

Workforce Investment Act.
No entries begin with X.
Yield
This is the basis on which a bond is priced and sold.

Flexible workforce - A workforce that can respond (in quantity and type) to changes in demand a business may face.

Today's savvy workforce are able to smell when something is not right a mile off. An employer who constantly says one thing and then does another has no chance when trying to earn respect. The employer should be seen as person of his word.

Non-cash incentives to a workforce. They may range from benefits-in-kind like subsidised meals in the company canteen to shares in the company sold to employees at a preferential rate.

- on the horizontal axis, the workforce in the two sectors (LCand LN);
- the equilibrium in the labour market where real wage w equals the labour marginal productivity.

The number of people of working age without a job is usually expressed as an unemployment rate, a percentage of the workforce. This rate generally rises and falls in step with the BUSINESS CYCLE--cyclical unemployment.

Most commonly, however, labor relations refers to dealings between management and a workforce that is already unionized, or has the potential to become unionized.

Actuaries are persons trained and skilled to make assessments about life expectancy and related workforce trends. They prepare estimates that are used by accountants to calculate annual pension expense for a defined benefit plan.

In fact, according to the Herman Trend Alert, "specialists who establish, review, and modify [credit ratings and interest rates for health care companies] now include issues like workforce stability and vacancy rates in their evaluations.

Rightsizing can involve reducing the workforce (downsizing) as well as eliminating functions, reducing expenses, and redesigning systems and policies (e.g., to reduce costs or reduce organizational size).

New Zealand based managers benefit from a highly skilled workforce with very low levels of staff turnover. An extremely low cost base allows them to start out and maintain their business also with little AUM.

Thus, for example, the gathering of large workforces in urban factories, mills, and commercial facilities created greater potential for the successful organization of labor unions and working-class political parties.

Firms' ability to make changes to their workforce in terms of the number of employees they hire and the number of hours worked by the employees. Labor market flexibility also includes areas such as wages and unions.

When the Social Security system was enacted, people who were relatively close to retirement, or who had been out of the workforce or had worked for many years at very low-paying jobs, were in danger of not qualifying for retirement benefits.

contain costs by enrolling Medicare and Medicaid patients into managed care plans have been only partially successful at best, due to the fact that members of both groups are more likely to have higher-cost health needs than the employed workforce.

With a mobile workforce in which employees move from one company to another, portability of employee benefits, especially insurance and retirement plans, is important.

6 per cent of GDP, employs 7 per cent of the workforce and provides 70-80 per cent of exports. The main products are dairy products, meat, cereals, pulses, fruits, vegetables, wool and fish.

Enron maintained a fluid workforce. Employees were constantly on the lookout for their next internal transfer. Those who rotated through risk management were no different.

About one-tenth of the workforce in most western economies is self-employed. About twice as many men than women are self-employed.

Goodwill refers to a company's intangible assets such as brand names, patents or the high reputation of its workforce. It can be measured by the price paid for a company over and above the value of its physical assets.

In the United States between 1929 and 1933 unemployment soared from approximately 3 percent of the workforce to 25 percent, while manufacturing output declined by one-third.

These may include: access to natural resources, specific location, skilled workforce, lower costs, better-quality products, unique technologies, or exceptional customer service.

For example, a company may have a loyal workforce or they may have a recognisable brand. These assets cannot be easily quantified but they do offer real value to the company and help to increase its worth.

Customer lists
Licenses and distribution agreements
Trained and assembled workforce
Intellectual property such as patents, trademarks, copyrights and trade secrets
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Labour costs are never completely fixed, but reducing the size of a workforce is usually expensive, as is hiring people when (if!) sales increase again.

And reductions in the workforce and early retirements could contribute to a deficit. In addition a 2003 Federal budget change that increased the maximum pensionable salary could contribute to a deficit.

A company with a positive public image because of their environmentally friendly policies or a business that is renowned for its efficient and highly motivated workforce can all be considered to have goodwill on top of the basic asset.

Obamanomics calls for lower tax rates for companies that meet certain criteria, such as providing decent healthcare and maintaining a U.S. workforce and headquarters.

redundancy: dismissal from work because a job ceases to exist. Redundancy occurs most frequently when an employer goes out of business necessitating a cutback in the workforce, or relocates part, or all, of the company.

Unemployment that results from normal labour turnover, from people entering and leaving the workforce and from the ongoing creation and destruction of jobs.
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Women in 1950s offices usually wore bright shirts and pink was a popular color, thus entering the workforce colorwheel. So-called pink-collar jobs are secondary labour market jobs predominantly filled by women.

Also, they frequently include items such as restructuring charges, which are costs incurred to close a factory or lay off part of the workforce, for example.

company, with more than 700 offices across America, is closing locations and laying off workers at several of its subsidiaries. This comes after a reported loss of $24.2 million in the most recent three-month period. LandAmerica cut its workforce by ...

See also: Job, Expense, Bargain, Contractor, Gross domestic product