This website uses cookies to ensure you have the best experience. Learn more

Weather Management Can Control All The Factors Influencing Demand For And Supply Of Labour.

1361 words - 5 pages

This essay will be discussing if management can control all the factors influencing demand for and supply of labour.Management is the process of acquiring and combining human, financial and physical resources to attain the organization's primary goal of producing a product or service desired by some segment of the society. (Longecker:1984:2). However, in this essay, management will be referring to those people at the top of the hierarchy in the organization. It must also be pointed out that both demand for and supply of labour involves human resource planning which according to Mathis (1999:12) is a process through which managers attempt to anticipate forces that will influence the future supply of and demand for labour.Demand for labour means looking at the future needs of the organization in terms of human resources while on the other hand, supply of labour involves an assessment of current staffing levels in the organization especially by looking at the numbers of people in and entering into the organization.This essay will start by looking at factors influencing the demand for labour. It must also be mentioned that management cannot control all but only some factors influencing the demand for labour.In the first place, one of the factors influencing the demand for labour is the objectives of the organization and its future plans (Attwood:1996:12). For instance, if organization's future plans are to expand in the next couple of years, this can determine the number and type of human resources it will need at that particular time. This can be controlled by management because it is the one that determine the future plans, of course, in consultation with other employees and can be able to know this future demand through managerial judgement for example.According to Attwood (1996:12), another factor that can influence the demand for labour is the level of stock in the organization. Management again can control this factor. For example, during harvesting period, ADMARC, usually employ seasonal workers because their stock levels go up as farmers sell their produce in these markets. This means that management can project how many employees will be needed in purchasing, in the warehouse e.t.c at that particular period in order to meet this rise in the level of stock.Again, demand for labour can also be influenced by productivity per employee. If output per employee is high or if the employees are more productive, it translates to less demand for labour than if the productivity per employee is below standard. Management can also control this factor through mechanisms like motivation and enhancing health relationships between employees of the organization so as to improve output productivity per employee.The degree to which a number of parts can be bought in so as to make a whole can also affect the demand for labour. For example, those companies which only buy bicycle parts and assemble them to make a whole. If there are many parts to be bought in...

Find Another Essay On Weather management can control all the factors influencing demand for and supply of labour.

The Concepts of Supply and Demand

1365 words - 5 pages investment, and the social opposition factor. The biggest factors of all are supply and demand. This paper examines an article on how refineries have impacted the economic reasoning behind the change in supply, demand, and price of gasoline.Insufficient SupplyThe Law of Supply states that the quantity supplied rises as price rises and the quantity supplied falls as price falls. When the price of a good rises, inividuals and firms can rearrange

Minimum Wage and Demand for Labour

1396 words - 6 pages particular position is the mathematical "mean" of the wages of all people employed in that position. This number is calculated by adding up all the wages of people working in the position and then dividing that sum by the number of people working in the position.” Wolfe,M(2013)  Equilibrium is a situation that opposing forces balance each other. It occurs when the demand and supply are same. For example, when drawn the curve, any one point where

Bulimia;topics;symptoms, causes, effects, treatments, what you can do to help get bulimia under control, risk factors, stress, and peer pressure, and who is most likely to develop bulimia

953 words - 4 pages individual wats a very large amount of food than most people would in a similar situation. Binge eating is not a response to intense hunger. It is usually a response to depression, stress, or self esteem issues.During the binge episode, the individual experiences a loss of control. The main topics dicussed are the symptoms, causes, effects, treatments, what you can do to help get bulimia under control, risk factors, stress, and peer pressure, and who

Supply and Demand Chain Management: The Effect of Adding Services to Product Offerings by

880 words - 4 pages likewise explains how supply and demand chain management are sizeable factors that work simultaneously to contribute to a firm’s customer satisfaction and competitive advantage. It is stated in the article “DCM allows the firm to achieve real competitive advantage…and satisfies the existing customer requirements” while “SCM focuses on the creation of offerings and their transfer, flowing from suppliers to consumers.” (Bustinza, et al. 2013, p. 619

elasticity of demand and supply

1718 words - 7 pages described as elastic cross demand. Which means that the high increase of demand in one product is because of a change in price of another product. Demand elasticity is important for organisations as it helps them to set the price of their product regarding price, income and other products. It also can increase reputation and profits. Price elasticity of supply (PES) shows the response of a company’s supply to a change in price. Factors that

Demand and Supply of Oil

844 words - 3 pages 77,600,000 76,900,000 24,201,000 31% 01 21 76,400,000 76,300,000 23,201,000 30% Demand of OilDemand for Oil is a derive demand according to its many diverse uses. Oil can be used to satisfy the needs of Mankind. Oil is used as the main source of energy and as the major input in all petrochemical industries, which could provide us with our needs. Demand for Oil within a certain band of process and within a certain time interval is

Law of Supply and Demand

2017 words - 8 pages market. As Marks explains (1997), "Rent regulations are the single greatest impediment to creating new housing opportunities," Senator Bruno says, noting that New Yorkers should move to wherever they can afford to live, "like everybody else in the world." There has not been an increase in the housing available because of the price ceiling and very limited profit available for landlords. The demand for apartments is around 150,000 but there are

Factors of Weather

2126 words - 9 pages characteristics of extreme mobility, compressibility, and capacity for expansion. The air in the atmosphere always contains water vapor. Water vapor is an invisible gas, but it has a pronounced effect upon the weather. Vapor is contributed to the air by means of evaporation of water surfaces, soil, and living tissues. This is called atmospheric moisture, and it exists in all three stages; solid, liquid, and gas. Most of the water vapor is

Factors Influencing the Buying Behavior of Financial Management Students According to their Weekly Allowance

2245 words - 9 pages This study discusses the “Factors that influence the buying behavior of financial management students according to their weekly allowance. This paper started by defining the financial management and the meaning of buying behavior. It also tells the buying behavior of Asian and Filipino people and discusses the factors that will influence the buying behavior. The survey is all about the possible factors that can affect the buying behavior. At the

Causes for Shifts in Supply and Demand

1434 words - 6 pages the demand and supply of oil can cause prices to fluctuate. There is an unending international trade to ensure that we have a consistent supply of oil, and here has been a vast change in the price over the last century yet demand for it remains. Some of the most common reasons for changes in supply and demand in the oil market are availability, capacity of production, politics, and economics.Causes For shifts in supply and demandSupply, Demand and

Gas prices and the example of supply and demand

863 words - 3 pages class tickets. It all comes down to supply and demand.A good rule of thumb to remember is where there is higher demand, there is lessseats available. It is possible there may be a surplus of cheap seats available, but realistically there will be a shortage of them if the prices are right. There are many demanding formulas supporting the mix, the process in which they are used is called yield management.Airlines set economic goals they plan to

Similar Essays

Factors Affecting Supply And Demand Of Australian Dollars

1060 words - 4 pages With a floating exchange rate, such as Australia's, supply and demand factors largely determine the dollar's equilibrium price. The exchange rate is sensitive to changes in both demand and supply, which can cause changes in the equilibrium exchange rate. Another factor, which can affect the supply and demand of Australian dollars, is intervention in the market by the Reserve Bank of Australia.DEMANDThe demand for Australia's currency in the

Supply And Demand Factors For The Live Beef Cattle Export Market And The Effect Of The 2011 Ban Of Live Beef Cattle Exports To Indonesia

3693 words - 15 pages 1 Supply and Demand Factors for the Live Beef Cattle Export Market and the effect of the 2011 Ban of Live Beef Cattle Exports to Indonesia University of Western Australia Masters of Business Administration ECON5503 Economic Management and Strategy Trimester 3, 2013 2 Introduction Australia is the world's largest beef and live cattle exporter. Apart from accelerating global demand for beef offering a significant opportunity to the Australian

Distinguish Between An Extension And A Contraction And An Increase And A Decrease In Supply And Demand. What Factors May Cause Such Changes?

799 words - 3 pages invents a better way of growing wheat so that the amount of wheat that can be grown for a given cost will increase. Producers will be willing to supply more wheat at every price and this shifts the supply curve S0 to the right, to S1 - an increase in supply which has caused an extension in demand. This causes the equilibrium price to decrease from P0 to P1. The equilibrium quantity increases from Q0 to Q1 as the quantity demanded increases at

Supply And Demand For The Pors

704 words - 3 pages recently established second-hand dealers.To outline basically the influences on demand for the Boxter: 1) Features of the car, i.e. Safety, Power, Speed etc 2) Reputation of the Porsche group in both the manufacture of race-cars and road-cars 3) Perceived future value of the Boxter S 4) Available customer choice 5) Lack of competition in this field 6) Rarity of the good And to outline the influences on supply: 1) Limited available production due to