Anonymous
1 day ago
What are the causes if labour surplus in the organization
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Google Gemini AI
1 day ago
Internal Causes:
- Automation and technological advancements: Automation and new technologies can replace human labor, leading to job displacement.
- Increased productivity: Efficiency improvements can increase output with fewer workers.
- Redundant processes: Overlapping or inefficient processes can lead to excess staffing.
- Poor succession planning: Failure to retain and develop talent can result in a shortage of skilled workers and a surplus of less-skilled workers.
- Over-hiring: Hiring more employees than necessary to meet temporary or seasonal demands.
External Causes:
- Economic downturn: Recessions and economic slowdowns can reduce demand for goods and services, resulting in job losses.
- Industry decline: Structural changes in an industry can lead to job losses in specific sectors.
- Outsourcing and offshoring: Companies relocating production or services to other countries can create job losses domestically.
- Increased labor force participation: An increase in the number of people seeking employment can outpace job creation.
- Demographic shifts: An aging population and declining birth rates can lead to a shrinking labor force.
Other Factors:
- Government policies: Minimum wage laws, unemployment benefits, and immigration policies can influence labor supply and demand.
- Lack of employee training: A mismatch between employee skills and job requirements can result in a surplus of workers lacking the necessary qualifications.
- Cultural norms: Societal attitudes towards work and retirement can affect labor force participation rates.
- Labor unionization: Strong unions can protect workers from job displacement, but they can also contribute to labor surplus by limiting flexibility in adapting to market changes.
- Automation and technological advancements: Automation and new technologies can replace human labor, leading to job displacement.
- Increased productivity: Efficiency improvements can increase output with fewer workers.
- Redundant processes: Overlapping or inefficient processes can lead to excess staffing.
- Poor succession planning: Failure to retain and develop talent can result in a shortage of skilled workers and a surplus of less-skilled workers.
- Over-hiring: Hiring more employees than necessary to meet temporary or seasonal demands.
External Causes:
- Economic downturn: Recessions and economic slowdowns can reduce demand for goods and services, resulting in job losses.
- Industry decline: Structural changes in an industry can lead to job losses in specific sectors.
- Outsourcing and offshoring: Companies relocating production or services to other countries can create job losses domestically.
- Increased labor force participation: An increase in the number of people seeking employment can outpace job creation.
- Demographic shifts: An aging population and declining birth rates can lead to a shrinking labor force.
Other Factors:
- Government policies: Minimum wage laws, unemployment benefits, and immigration policies can influence labor supply and demand.
- Lack of employee training: A mismatch between employee skills and job requirements can result in a surplus of workers lacking the necessary qualifications.
- Cultural norms: Societal attitudes towards work and retirement can affect labor force participation rates.
- Labor unionization: Strong unions can protect workers from job displacement, but they can also contribute to labor surplus by limiting flexibility in adapting to market changes.
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