Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Valero Energy created a labor supply chain system for improving the efficiency of its workforce planning, recruiting, and hiring process. It includes a statistical tool

Valero Energy created a “labor supply chain system” for improving the efficiency of its workforce planning, recruiting, and hiring process. It includes a statistical tool that

predicts Valero’s labor needs based on past trends. And, it includes computer screen “dashboards” that show how components in the staffing chain, such as ads placed on

job boards, are performing according to cost, speed, and quality. Before implementing this system, it took 41 pieces of paper to bring on board an employee and more than

120 days to fill a position; each hire cost about $12,000. The new system eliminated most of the paper forms needed to hire an employee, time-to-fill fell below 40 days,

and cost per hire dropped to $2,300.23.

Explain how Valero might use the Towers Watson workforce planning process  further improve its processes.

Step by Step Solution

3.28 Rating (163 Votes )

There are 3 Steps involved in it

Step: 1

Valero might use the following workspace plan to get more better in future Corporate trends toward o... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Modern Control Systems

Authors: Richard C. Dorf, Robert H. Bishop

12th edition

136024580, 978-0136024583

Students also viewed these Human Resource Management questions