Factors that are influencing labor demand.

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Scenario
You are the newly appointed director of human resource management for the police department of a city in the northeastern United States. Your organization has struggled to hire new police officers for some time. Your predecessor attempted to increase recruitment and selection of new officers by implementing an employee referral plan. However, the number of new officers hired through referrals has fallen short of hiring goals. The need for police officers intensified when your city’s newly elected mayor promised to lower crime by increasing the number of police patrols in high-crime areas. The police department has met the need for increased patrols by assigning existing police officers additional hours and paying overtime wages. As the number of hours worked and overtime payments increased over time, this practice—originally intended to be a short-term remedy—attracted unwanted attention.
A front-page article in your city’s newspaper has revealed that three police officers earned higher annual salaries than the mayor, due to excessive overtime. Stung and embarrassed by this disclosure, the mayor fired your predecessor and put you in his place. Both the mayor and your boss have given orders to “reduce overtime by hiring new police officers immediately!” This mandate requires you to plan and implement new strategies to hire 25 new police officers.
Fortunately, the former director of human resources left behind several documents that will help you perform these tasks. Refer to the following documents as directed when you perform the requirements below: (1) “Memo on Proposed Employee Referral Plan,” (2) “Job Description of City Police Officers,” and (3) “Data on Recruitment Sources and Methods.”

Create a report (suggested length of 4–6 pages) in which you address the following:
A.  Analyze factors in the internal and external labor market that influence the supply of and demand for police officers by doing the following (refer to the scenario above and the attached “Memo on Proposed Employee Referral Plan” to complete these tasks):
1.  Discuss three factors that are influencing labor demand.
2.  Discuss three factors that are influencing labor supply.

B.  Design a recruitment plan for police officers by doing the following (refer to the task attachments and your knowledge of best practices to complete these tasks):
1.  Identify three recruitment objectives for your organization.
2.  Develop a recruitment strategy for attracting job applicants by doing the following:
a.  Determine the size of the applicant pool needed to produce 25 viable candidates (job offer-ready) using yield ratios and the recruitment data in the attached “Data on Recruitment Sources and Methods.”
b.  Recommend two types of individuals who should be targeted for recruitment (i.e., the target groups listed in the attached “Data on Recruitment Sources and Methods”).
i. Justify your recommendation.
c.  Describe two effective methods for reaching each  target group.
C.  Design a selection plan for police officers by doing the following:
1.  Recommend three appropriate selection methods for all  target candidates.
a.  Justify each  of your three recommendations.

 

 

Sample Solution

costs of production. In the last eight years, we have had our costs of shipping almost triple, and simply are too much for us to properly handle without cutting into our bottom line. With the increasing costs and the weakening dollar, we have been unable to maintain a competitive advantage, and thus the decision to switch makes perfect sense. By using the FIFO method, we are expecting the prices to continue rising and our inventory will diminish starting with the oldest ones and moving to the more expensive. Thus, allowing for a greater net profit return. Using the FIFO method instead of LIFO affects the balance sheet by increasing retained earnings due to the higher income from a lower cost of goods sold. The FIFO method would increase inventory because there is less of a cost deducted from the account on the balance sheet. If prices remained stable over time, then Merrimack would likely still be caught up in this dilemma as we could have continued working with similar expenses, however, the weakening dollar entails a possible loss on our net income. Over the time, the only way to adjust and maintain a consistent net income every year would be to gradually increase the prices in order to ensure an adjustment to the changing conditions. Unlike the computer industry, in which prices fall over time due to the advances in technology and the cost of production decreases with more units built, we are unable to take advantage of LIFO in our scenario. With the falling prices in the computer industry and usage of LIFO, the net income gradually increases due to decreasing expenses over time. Switching to FIFO and the decrease in expenses would have a negative effect on our net income and would hurt our bottom line. With the decrease in net income, we would suffer from lower retained earnings which would lead to a great cause for concern.

We have decided to reach the conclusion that the best way to move forward is by switching from LIFO to FIFO methods. While this will entail a couple of changes in the way that we operate as a firm, there are no real disadvantages to switching this formula. We would like to begin by outlining what this change means in this years financial statements. Comparing Table 1 to Table 3 we are able to see the effects that come from switching methods. In the Last in First Out (LIFO) methods, the method we currently use, we receive a Net Income of $5,200,000 and realize a Cost of Goods Sold of $62,000,000. In comparison, the First in First Out (FIFO) methods, the method we will switch to, we receive a Net Income of $12,675,000 and realize a Cost of Goods Sold of $50,500,000. Looking at the raw numbers it seems pointless and illogical not to switch as our bottom line is hurt by the fact that we are maintaining a traditional approach in the times of change.

Certainly this change will not be favorable by everyone at this company due to the fact that there will be underlying considerations existing. While the shift in the Net Income will definitely be b

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