BSBHR513_AE_Pro_1of2 Project Assessment (Event 1 of 2) Criteria Unit code, name and release number BSBHRM513 Manage workforce planning (Release 1) Qualification/Course code, name and release number...

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I have completed part 1, i need part 2 & 3 completed


BSBHR513_AE_Pro_1of2 Project Assessment (Event 1 of 2) Criteria Unit code, name and release number BSBHRM513 Manage workforce planning (Release 1) Qualification/Course code, name and release number BSB50618 Diploma of Human Resources Management (Release 3) BSB50215 Diploma Business (Release 1) Student details Student number 292755473 Student name Maria Lithgoe Assessment declaration Note: If you study online, you will submit this assessment and complete this declaration in your online platform. This assessment is my original work and no part of it has been copied from any other source except where due acknowledgement is made. No part of this assessment has been written for me by any other person except where such collaboration has been authorised by the assessor concerned. I understand that plagiarism is the presentation of the work, idea or creation of another person as though it is your own. Plagiarism occurs when the origin of the material used is not appropriately cited. No part of this assessment is plagiarised. Student signature and Date Document titleVersion 1.0Page 1 of 3 Disclaimer:  Printed copies of this document are regarded as uncontrolled. Please check to ensure this is the latest version. © 2011 Department of Education and Communities, TAFE NSW eLearning Hub | Version: 0.0 | Created: dd/mm/2011 Document title: BSBHR513_AE_Pro_1of2Page 15 of 17 Resource ID: TBS_18_025_BSBHRM513_AE_Pro_1of2STUDENT NAME: Version:20200303 Date created:28/01/2020 Date modified:03/03/2020 For queries, please contact: Technology and Business Services SkillsPoint Building B, Level G, Corner Harris Street and Mary Ann Street, Ultimo NSW 2007 Email: [email protected] © 2020 TAFE NSW, Sydney RTO Provider Number 90003 | CRICOS Provider Code: 00591E This assessment can be found in the: Learning Bank The contents in this document is copyright © TAFE NSW 2020, and should not be reproduced without the permission of the TAFE NSW. Information contained in this document is correct at time of printing: 24 September 2020. For current information please refer to our website or your teacher as appropriate. Document titleVersion 1.0Page 1 of 3 Disclaimer:  Printed copies of this document are regarded as uncontrolled. Please check to ensure this is the latest version. © 2011 Department of Education and Communities, TAFE NSW eLearning Hub | Version: 0.0 | Created: dd/mm/2011 Assessment instructions Table 1 Assessment instructions Assessment details Instructions Assessment overview The objective of this assessment is to assess your knowledge and performance as would be required to manage planning in relation to an organisation's workforce including researching requirements, developing objectives and strategies, implementing initiatives and monitoring and evaluating trends. Assessment Event number 1 of 2 Instructions for this assessment This is a project-based assessment and will be assessing you on your knowledge and performance of the unit. This assessment is in three parts: 1. Foundations of workforce planning 2. Research-based tasks 3. Develop a workforce plan This assessment also contains: Assessment feedback Submission instructions On completion of this assessment, you are required to upload it to Moodle or Teams by midnight on the due date indicated in the Unit Assessment Guide. Ensure your name is at the bottom of each page of this assessment. It is important that you keep a copy of all electronic and hardcopy assessments submitted to TAFE and complete the assessment declaration when submitting the assessment. What do I need to do to achieve a satisfactory result? To achieve a satisfactory result for this assessment all questions must be answered correctly. This may involve your assessor, allowing you to resubmit some of your answers. Alternatively, your teacher/assessor may ask you additional questions to confirm your understanding and knowledge of the topic area. What do I need to provide? If working off-campus, computer with internet access to complete electronically and upload the assessment. Training materials and other research you have completed to refer to while completing the answers. What the assessor will provide? Where completed on-campus, a computer with working internet to complete electronically and upload the assessment. Access to a range of workplace documents, organisational strategic and operational plans, as well as relevant policies and procedures. Due date and time allowed The assessment must be submitted by the due date noted on the Unit Assessment Guide. If you study online, you can find assessment due dates/time allowed/venue information on your online platform on the Assessments page or in your Training plan. You should allow a minimum of seven hours to complete this assessment. You may need additional time for preparation, research and revision to ensure you have responded to each question satisfactorily. Supervision This is an unsupervised, out-of-class assessment. Your assessor may ask for additional evidence to verify the authenticity of your submission and confirm that the assessment task was completed by you. This may include oral questioning, comparison with in-class work samples, or observation. Assessment feedback, review or appeals In accordance with the TAFE NSW policy Manage Assessment Appeals, all students have the right to appeal an assessment decision in relation to how the assessment was conducted and the outcome of the assessment. Appeals must be lodged within 14 working days of the formal notification of the result of the assessment. If you would like to request a review of your results or if you have any concerns about your results, contact your Teacher or Head Teacher. If they are unavailable, contact the Student Administration Officer. Contact your Head Teacher for the assessment appeals procedures at your college/campus. Specific task instructions The instructions and the criteria in this assessment below will be used by the assessor to determine whether you have satisfactorily completed the requirements of this assessment. Read the entire assessment before commencing. Where appendices are submitted, ensure your name is in the footer of each page, you have used a suitable filename and you have noted on this assessment an appendix has been submitted. All sources are to be referenced using Harvard referencing. Refer to the TAFE NSW Smart study guide (http://tafenow.com.au/images/pdfs/referenceguideHQ.pdf) for information on this. This assessment is separated into three parts that specific area of your own workplace or a workplace with which you are familiar to answer the question, conduct research and develop a Workforce Plan. Part 1: Foundations of workforce planning Short answer questions designed to provide the foundation knowledge required to progress to your research tasks. Part 2: Research-based tasks This activity will require you to research and analyse organisational data relating to staff turnover, organisational objectives and strategies. Your research will form the basis of your Workforce Plan. Part 3: Develop a workforce plan Using your research in Part 2, you will develop a workforce plan that includes specific strategies to ensure your organisation has access to a skilled and diverse workforce. The Workforce plan demonstrates your ability to implement initiatives to support workforce planning objectives. Part 1: Foundations of workforce planning For this task, you are required to complete a series of questions to provide the foundation knowledge for researching and developing a workforce plan. 1. What is workforce planning? Briefly explain its importance to an organisation. As a guide, your response should be approximately 50 -100 words. Workforce planning provides managers with a strategic basis for making human resource decisions. It allows managers to anticipate change rather than being surprised by events, as well as providing strategic methods for addressing present and anticipated workforce issues. Workforce planning details a comprehensive process that provides leaders with a framework for making staffing decisions based on an organisation’s mission, strategic plan, budgetary resources, and a set of desired workforce competencies. This process is simple in outline but depends on rigorous and comprehensive analysis of the organisation’s work, workforce, and strategic direction. Workforce planning requires strong management leadership; clearly articulated vision, mission, and strategic objectives; and cooperative supportive efforts of staff in several functional areas. Strategic planning, budget, and human resources are key players in workforce planning. Organisation plans set organisational direction and articulate measurable programme goals and objectives. The budget process plans for the funding to achieve objectives. Human resources provides tools for identifying competencies needed in the workforce and for recruiting, developing, training, retraining, or placing employees to build the workforce of the future. 2. What current information about external labour supply is relevant to the specific industry or skill requirements of your organisation or an organisation you are familiar with? In your response Identify the industry and explain why these are relevant. As a guide, your response should be approximately 100-200 words. Labour Market Information Portal – lmip.gov.au The Labour Market Information Portal is an online resource that brings together data, reports and insights to help better understand the local labour market. Australian Bureau of Statistics: abs.gov.au The ABS is Australia's national statistical agency, providing trusted official statistics on a wide range of economic, social, population and environmental matters of importance to Australia. Department of education skills and employment: employment.gov.au The Department of Education, Skills and Employment works to ensure Australians can experience the wellbeing and economic benefits that quality education, skills and employment provide. In addition to the Commonwealth Bank specifically the following information is also considered: -The average weekly pay for a CBA worker is $1,193 -51,400 workers nationally -Medium level skills are required -67% are full time workers -Full time workers are on 42 hours -The average ages is 38 years old In terms of the banking industry: Technology: The fusion of current technolgies such as machine learning and emerging technology, could not only create new opportunities, perhaps greater in scale than ever before – but also new risks. Additionally technology will also change the way employees work, as well as who is doing the work and where it is getting done. Also, when the organisation grows, and diversifies into newer areas of operations and is not able to find the people internally to fill the vacancies, outside resources are taken into account. With the forecasting of the organisation’s external recruitment needs and analyses the possible sources of labour supply, and keeping to market trends, the problem in finding the right candidate with appropriate technical skills at the required time therefore potentially becomes challenging. Economy: Especially under the current climate of Covid19 could have material consequences for growth and profitability in the banking industry globally (e.g) in terms of borrowing money, people are not as frequently borrowing money, applying for credit cards in fear of an emergency. The banking industry is also not as aggressively recruiting due to all the uncertainty. 3. Based on the industry discussed in your response to Q2, outline industrial relations laws which impact on workforce planning relevant to this industry. As a guide, your response should be approximately 50 -100 words. The Fair Work Act 2009: -protect workplace rights -protect freedom of association -provide protection from workplace discrimination -provide effective relief for people who have been discriminated against, victimised, or have experienced other unlawful treatment. National Employment Standards: -maximum weekly hours - requests for flexible working arrangements -parental leave & related entitlements -annual leave -personal/carer’s leave, compassionate leave & unpaid family and domestic violence leave -Community Service Leave -Long Service Leave, Public Holidays,
Answered Same DayOct 15, 2021BSBHRM513Training.Gov.Au

Answer To: BSBHR513_AE_Pro_1of2 Project Assessment (Event 1 of 2) Criteria Unit code, name and release number...

Arundhati answered on Oct 16 2021
142 Votes
2
Project Assessment
Table of Contents
Part 2: Research based tasks    3
1.0 Staff Turnover and Demographics    3
2.0 Labor Supply Trends on Workforce supply    3
3.0 Objectives and strategies of the organization’s workforce requirements    3
4.0 Organization’s requirements for a skilled and diverse workforce    4
5.0 Strategies and objectives for retention or modification of the workforce    4
6.0 Strategies identified to address unacceptable staff turnover    5
7.0 Strategies and objectives    5
a. Retain Skilled Labor    5
b. Manage workforce diversity and cross-cultural issues    5
c. Source for skilled labor as required    5
Part 3: Workforce Plan    6
1.0
Organizational objectives    6
2.0 Workplace profile    6
3.0 The skill resource gaps against the future organizational need    6
4.0 Development and Implementation of the strategies    7
5.0 Monitoring, evaluation, and revision of the plan    9
a) Timeline of the review    9
b) Strategy for review    9
c) Strategy for improvement    9
d) Stakeholders Management and accountability    9
e) Employee Feedback Method    9
References    11
Part 2: Research based tasks
1.0 Staff Turnover and Demographics
Commonwealth Bank of Australia is one of the best banks in the world and it has quality staff and a good workforce to fulfill the requirements of the customer. The CBA has perfect employee turnover and it has a turnover of staff in both voluntary and involuntary. Involuntary turnover means involuntary exits of all permanent employees and it includes terminations and redundancies for any disciplinary reasons. On the other hand, voluntary include retirements and resignations. It is reported that CBA holds 11.3 % of voluntary employee turnover and 4.0% of involuntary turnover in the year 2019 (CommBank, 2020a). The Commonwealth Bank of Australia has diverse demographics in employee segmentation and it has a total of 48,238 employees and it has leadership that is gender diverse and 50% of Directors are female and the workforce of CBA is culturally diverse than the population of Australia. 38.3% of men employees are taking parental leave in CBA (CommBank, 2020a). 39.1% and 45% of women are in Executive manager, manager, and above roles. This information clearly states that CBA has diverse demographics of employees.
2.0 Labor Supply Trends on Workforce supply
The labor Supply Trends of Commonwealth Bank of Australia are effective and as per previous research, the workforce of the organization is quite high. The workforce of CBA is more diverse than the Australian Population. The CBA is recruiting laborers at a very high rate and the indigenous workforce rate is 0.88% in 2019 and the women workforce rate is 57.2%. The laborers will promote the workforce of the bank in the future (CommBank, 2020a). The CBA organizes an engagement survey to know the engagement of the laborers and seeks feedback on the inclusion and diversity and that will take effect on the workforce of the commonwealth bank of Australia. The effect of development training will change the supply of the workforce and the workforce of the organization will be increased in the future. It can be summarized from the report that the labor supply trends of CBA and the high recruitment workforce factor will be effective in the workforce supply.
3.0 Objectives and strategies of the organization’s workforce requirements
The requirements of the workforce of CBA have few strategies and objectives and the organization is willing to implement the strategies. The requirements of the workforce are changing day by day. The strategy of the workforce is to be a better and simpler bank that will provide sustainable and better outcomes for the customers, peoples, and other shareholders. The CBA has set their execution priorities and the objectives are to simplify the business, be a leader in commercial and retail banking, and provide the best services digitally to the customers (CommBank, 2020b). It is clear from the report that the workforce of the CBA is diverse and works with all kind of employees and their main objective is to deliver effective and sustainable outcomes for their customers, community, and their other shareholders. They are willing to hire energized and engaged employees who will deliver strong values and excellent service to the customers.
4.0 Organization’s requirements for a skilled and diverse workforce
The workforce of the Commonwealth Bank of Australia is very skillful and diverse because of all kinds of employees and quality development structure. The requirements of the workforce for bank-like CBA are changing continuously to main the service of the customers. The requirements are Digitization, Automation. The workforce requires optimum skill sets and capabilities for the employees. The competition is increased to find specialized talented employees for the developed workforce. Another requirement of the diverse workforce is to keep focusing on the re-skilling and supporting the employees of the organization to get always ready to perform the future work. Constructive work, an efficient financial system, and the trust of the community are required to maintain the diverse workforce of the Commonwealth Bank of Australia (CommBank, 2020a). The investment of value proposition, competitive benefits, retention of top talent, and flexible work arrangements are required for the maintenance of the diverse workforce.
5.0 Strategies and objectives for retention or modification of the workforce
The strategies of the organization are to be a better and simpler bank that will deliver sustainable and balanced outcomes for the customers, community, shareholders, and other peoples. The main goal of the organization is to earn the satisfaction of the customers and the business. The other strategies are to keep focusing on the NPS means Net Promoter Score and provide services as per the need of the customers. The CBA has also the strategies to improve the financial well-being of the customers and to listen to the customers. These strategies will help to make a sustainable return for the shareholders of CBA (CommBank, 2020b). The aligned objectives of accounting policies can be modified further and the valuation techniques can be reconsidered. The retention of the personal information of customers can be performed to maintain the diverse workforce of CBA.
6.0 Strategies identified to address unacceptable staff turnover
Many strategies can be implemented to reduce unacceptable staff turnover...
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