Verified Document

Workforce Planning - Verizon Compared Sprint, AT&T Essay

Workforce Planning - Verizon compared Sprint, AT&T T-Mobile. This part group project, discussing difference top phone companies. See attached. Workforce planning

Workforce planning is a very challenging process for most companies. Most companies will want to cut on extra cost hence some of them end up paying their workers minimum pay with minimal benefit package. Workforce planning encompasses, attracting, recruiting and selecting, induct, train and develop the workers, motivate, manage and reward performance, retain and support, and lastly, leading and communicating. It also entails assisting a business to undertake expansions, restructures and downsize in a strategic manner, by ensuring that the right staff are recruited on time and retained in the business for its future growth (Caligiuri, 2010).

Workforce planning involves five key steps, having a workforce gap analysis to ascertain the workforce future supply and demand and to establish the future gaps, then the workforce plan is developed and implemented, developing it entails assessing the risks involved, developing initiatives to attract and retain the workers and on the implementation side, the action plan with timeframes is computed, there after the actual implementation takes place. The third step entails, reviewing the workforce plan

Workforce planning also constitutes succession planning where the right talent are identified and prepared to fill positions within the company as they empty. Projection shows that by the year 2025 there will be more than 90 million baby boomers in America, currently the number stands at 83 million, as per the census data. Who will fill their positions when they retire or leave the workforce? Therefore, succession planning provides a way in which the company can retain its key talent. The company is able to prepare individuals who will be able to face the challenges and accelerate their development by providing challenging, growth oriented and rewarding career opportunities

A zero-sum approach to succession / workforce planning means a situation where a person's gains or loss are equally balanced by the gains or losses of others. This further implies that if the gains are added and the loss subtracted, the sum is zero, such that for a person to gain, another one has to loose for the process to cancel out. In contrast, non-zero-sum situation can result in gains greater than zero, such that someone's...

When a company operates under this approach, it implies that when a younger worker is promoted or more senior position are given to a more diversified group then the older workers will have to be laid off to create that space. Other organizations would rather create the vacancy of work positions occupied by older workers by offering early retirement incentives, downsizing and reducing the investment of older workers (Caligiuri, 2010).
The human resource department within a company should create a culture in the company whereby workforce diversity is welcomed and supported by a conducive environment. The HR department has a duty to establish which aspect of the company culture needs to be retained, which one is to be adapted or changed to suit the company's objective. In addition, companies should also embrace compensation and benefit plan design. This compensation strategy is meant to change and motivate focused behavior so as to improve its performance outcomes.

Verizon Company

Verizon's mission is to "create a workplace environment that leverages the diverse characteristics and unique talents of our employees resulting in continued progress, increased profitability and enhance reputation to fulfill the Verizon promise" (Company Spotlight, 2008). Verizon's competitive edge is to have diversity in the workplace that is improved. It has improved its diversity in the different units of the business in the context of leadership, education, employment, partnership and strategic alliances, communication and economic development. Each of the elements have a mission of improving the overall workplace environment, and to facilitate adherence to this program, Verizon has a Diversity Performance Incentive, which acts a link of the business success of the program to short-term incentives.

Verizon are known to examine its leaders on a quarterly basis to establish whether they have met the desired objectives of their diversity plans. The company also has a diversity council which their main aim is to reiterate the goals of the diversity initiative and ensure the company's work environment is improved.

As part of Verizon workforce plan, they have a Development and Leadership initiative meant to develop and retain leadership potential of minority employees. This initiative has a goal of cultivating a diverse workforce that is ready…

Sources used in this document:
References

Caligiuri, P., Lepak, D., & Bonache, J. (2010). Managing the Global Workforce: John Wiley & Sons.

Company Spotlight: Verizon Wireless Inc. (2008). [Article]. MarketWatch: Telecoms, 7(10), 15-20.

Hammond, B., & Kirby, P. (2012). AT&T Scraps Bid to Purchase T-Mobile in Wake of FCC, Justice Department Resistance. [Article]. Telecommunications Reports, 78(1), 1-33.

Kirby, P., & Stanton, L. (2011). AT&T Argues T-Mobile Acquisition Will Enhance Competition in Market. [Article]. Telecommunications Reports, 77(9), 1-48.
Cite this Document:
Copy Bibliography Citation

Related Documents

Workforce Profile of Amaze in
Words: 524 Length: 2 Document Type: Research Paper

Future Workforce Profile The most significant difference between the current and future workforce profiles at Amaze is the planned expansion of the organization, which will enable it to hire fifteen more individuals. As the organization is devoted to providing autism assistance services, the new hires will need to be willing to work in this environment and to receive ongoing training and development towards providing individuals with autism and their families with

Planning Decision Making Planning and Decision Making
Words: 2591 Length: 8 Document Type: Essay

Planning Decision Making Planning and decision making are two main and fundamental processes of an organization. Planning is one of the main factors with the help of which an organization can determine where it wants to be in the future. It is planning with the help of which an organization can determine as to what can be done in order to accomplish the mission and aims that an organization has. One

Planning Having Grown From a
Words: 1847 Length: 6 Document Type: Thesis

The Code also allows for one accessory building, a storage shed, fences, walls, and landscape screens. These screens are not to exceed seven feet in height. They should also be adjacent to the rear and side property lines. At the front, they should not exceed three feet in height. Private swimming pools are also subject to Code specifications. The Code is aimed at the comfort and well-being of residents, in terms

Verizon Communication Telecommunication Industry Is One of
Words: 2992 Length: 8 Document Type: SWOT

Verizon Communication Telecommunication industry is one of the fastest growing industries in the world, with advancement in internet technology, advancement in trade and commerce, social dynamics and an ever-expanding global market. Telecommunication has become one of the most essential mediums that facilitate communication, interaction and transaction in both social and economic platforms. To this end, many companies have invested billions of dollars worldwide in an attempt to rip some of the

Verizon Communications, Inc., Fiscal Year 2010 Verizon
Words: 898 Length: 3 Document Type: Essay

Verizon Communications, Inc., Fiscal Year 2010 Verizon Communications, Inc. (NYSE -- "VZ") has two business segments Domestic Wireless (operated as Verizon Wireless) and Wireline. These business segments are operated and managed as strategic business units and organized by products and services. The company uses the so-called "Anglo-American model" or "the unitary system" (Mallin, 2011) which employs a single-tiered Board of Directors which is comprised of a mixture of executives from the

Comparison in Comparative Politics Comparative
Words: 1751 Length: 5 Document Type: Term Paper

Uvin and McFaul make sound arguments using political comparison as the key to their studies. Uvin uses evidence of all aspect of political life in his three case study countries, such as elections, the population, and the role of the military. He then takes his case studies, compares them, and finds the pattern that links them all to each other. Once the pattern is identified, he illustrates how this pattern can be looked at in much

Sign Up for Unlimited Study Help

Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.

Get Started Now