Strategic Staffing Plan to Human Resources
Today there is a high need for recruitment of staff for nuclear power plants. It is not that new plants are being built, and there are now laws against building new nuclear power plants, but, the nuclear electrical energy is now facing a great challenge for the future. This is further realized from a new survey done by the Nuclear Energy Institute and that reinforces the compulsion for these efforts as there some 26,000 workers in the industry who will leave their jobs and of them 16,000 will leave due to retirement and another 10,000 will be just lost to other industries. (Staffing Up: Industry Addresses Challenges to Build Future WorkForce) The recruitment that we are talking about is a person with knowledge about nuclear engineering is thus a person in demand now.
Thesis: The viewpoint for an organization can be from different angles and two of those are from the investors who would like to protect the value of their money and the other is from the staff of the organization who would like to have a good career. When an industry is on the decline, these two viewpoints may not match.
Analysis:
The department for which we are thinking about staffing is that of the Design Engineering Configuration Management. Comparatively this is a small department with three drafters, one supervisor, one female senior engineer and one senior associated engineer. There are good distributions in terms of African-Americans and White staff with the distribution in favor of African-Americans. The person required is an engineer who is probably in the half way stage of the ages of the departmental staff. The general analysis would also suggest that there are expected vacancies in future also above his/her level as the present tendency is for engineers to retire at around the age of 55. There is also a possibility that staff may be available from others who have retired early from the company, Entergy. All possible candidates have to be looked into and then the decision taken about the best possible individual for the requirement. (Staffing Up: Industry Addresses Challenges to Build Future WorkForce)
Requirements for planning:
Highlights of the study on age groups of employees in the power industry state that Industry retirements generally occur around age 55. The general position is that about half of the industry's workers, are over 48 and less than 7% of workers in the industry are above 57 years of age. The distributions of workers in the above 48 age group are with 17% between 53 to 57 years old and about 26% between 48 and 52. The loss of workers is mainly through retirement and that accounts for over 60% of projected loss of staff in the year 2008, and that is 2.5 times more than the current trend of retirements. At the other end of the age spectrum, only 6.4% of industry's employees are 32 and less. Of them 2.8% are aged below 27, while 3.6% are between 28 to 32 years old. The survey found that nearly two-thirds of the nuclear energy companies have now found the requirement of long-term staffing plans. Of the plans, 16% are for periods of 1-3 years; 58% of the plans are for periods from 3-5 years; and 27% of the plans are for 6 years or above. In addition to this, nearly three-quarters of the companies, who have plans, update their plans annually. (Staffing Up: Industry Addresses Challenges to Build Future WorkForce)
The importance of manpower planning and human resources functions are further understood when we look at a recent research by Watson Wyatt which came to the conclusion that the function of human resources management had a contribution as high as thirty percent to the total annual shareholders' return for any business. The study was done through a multiple regression analysis on 405 publicly traded companies. The different important elements contributing to profits were recruiting excellence at 10.1%, accountability achieved at 9.2%, providing a collegial and flexible workplace at 7.8% and communications integrity at 4.0%. (Maximize Shareholder Returns and Organizational Performance: Challenge and Improve Your HR Function!) Thus even before any recruitment takes place, there should be an analysis of the real requirement of the position that we are talking about.
Company Information:
Entergy Corporation is an integrated energy company which is engaged mainly in electric power production and retail distribution of power. The company has ownership and operation of power plants with approximately 30,000 megawatts of power generating capacity, and that makes it the second-largest...
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