What are the internal factors influencing workforce supply and demand?

Internal factors influencing workforce supply and demand include the size of the company, the industry and market conditions, the organizational structure, the skill level and productivity of current employees, and the company's management and HR policies. For example, a company with a high turnover rate may experience higher demand for new hires, while a company with an aging workforce may experience a larger demand for replacements. Additionally, changes in technology, industry trends, and market demands can also impact workforce supply and demand. Effective management and HR strategies are critical in addressing internal factors and ensuring a sustainable supply and demand balance for the workforce.

This mind map was published on 29 May 2023 and has been viewed 144 times.