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Workforce management (WFM) is an institutional process that maximizes performance levels and competency for an organization.The process includes all the activities needed to maintain a productive workforce, such as field service management, human resource management, performance and training management, data collection, recruiting, budgeting, forecasting, scheduling and analytics.
Overall labor effectiveness (OLE) is a key performance indicator (KPI) that measures the utilization, performance, and quality of the workforce and its impact on productivity. Similar to overall equipment effectiveness (OEE), OLE measures availability, performance, and quality.
Management may be very preoccupied with the productivity of employees, but the productivity gains of management itself are very difficult to prove. While labor productivity growth has been seen as a useful barometer of the U.S. economy's performance, recent research has examined why U.S. labor productivity rose during the recent downturn of ...
The term can be differentiated from traditional staff scheduling.Staff scheduling is rooted in time management.Besides the aspects of demand orientation, workforce modeling also incorporates the forecast of the workload and the required staff, the integration of workers into the scheduling process through interactivity, as well as analyzing the entire process.
The labour force (LF) is defined as the number of people of working age, who are either employed or actively looking for work (unemployed). The labour force participation rate (LFPR) is the number of people in the labour force divided by the size of the adult civilian noninstitutional population (or by the population of working age that is not ...
The labor market of America also faced a structural change. With the rapid development and the stability of social environment, enterprises started to pursue the goal of maximum profits and minimum costs. At the same time, enterprises also started to pursue a labor force that can adopt quickly to market variations.
In an attempt to persuade strikers at Colorado's Ludlow Mine Field to return to work, company "guards," engaged by John D. Rockefeller Jr. and other mine operators and sworn into the State Militia just for the occasion, attacked a union tent camp with machine guns, then set it afire. Five men, two women and 12 children died as a result.
External numerical flexibility is the adjustment of the labour intake, or the number of workers from the external market. This can be achieved by employing workers on temporary work or fixed-term contracts or through relaxed hiring and firing regulations or in other words relaxation of employment protection legislation, where employers can hire and fire permanent employees according to the ...