Stonewall Case study Example | Topics and Well Written Essays - 1750 words

Stonewall - Case Study Example(b) Economic factors The sparing factors comprise of interest rates, taxation changes, economic growth, inflation and exchange rates. It drive out impact business in different commissions, for instance the higher interest rates may discourage investment because it be more to borrow. (c)Inflation It may give rise to higher salary exacts from employees and also raise the cost, for instance higher national income growth may boost demand for a firms products. (d)Social factors Changes in social trends can impact the demand for a firms products and the willingness of individuals to work. If we say that population of Canada is ageing, then we will also consider that more emeritus age homes would be required, which in turn would require construction material. (e)Technological factor New technologies create new products and new processes. It is also capable of reducing costs and improving quality and it also leads to innovation. These developments can bene fit consumers as well as the organizations providing the products. 4. Identify and explain the various techniques for forecasting motor supply and labor demand. What can organizations do in the short run when they recognize a gap in which supply far exceeds demand? What could Stonewall do in this situation? The techniques that can be used for forecasting labor demands ar trend analysis and management forecast. (a) Trend analysis in which labor requirements are forecasted on the basis of some organizational index. (b)Management forecast are the opinions of experts, supervisors and sometimes the skilled labor as well, regarding the organizational labor forecast. The supply of labor can be forecasted by different techniques including staffing tables, Markov analysis, and... Stonewall Company should explore alternatives prior to making its downsizing decision. One way to do so is by employee send to either within companys subsidies, or to other companies. Later, if performance of tra nsferred employees remains stagnant, then layoffs with proper reasoning will be the only way out. Information regarding downsizing should be provided to the employees as it is not only an employees right to know about it at least 3 months prior to layoff, merely it is also constitutes the companys foremost duty to its employees. Stonewall Company should opt for downsizing the Montreal plant. The reasoning behind it is that the Quebec is relatively small province as compared to others. If at times, more supplies are needed, Mississauga plant can easily transport it to Montreal because it is only on a 6 hours drive. Moreover, average periodic rate in Montreal plant is less as compared to others. So, in order to avoid the negative impact on the remaining employees, Stonewall can increase the average hourly rate, which would easily motivate the existing employees.