How can upper-level management use the functional cost and hour summary to determine manpower planning for the entire company? How would you expect management to react if the functional cost and hour summary indicated a shortage or an abundance of trained personnel?© BrainMass Inc. brainmass.com September 23, 2018, 8:44 pm ad1c9bdddf - https://brainmass.com/business/upper-and-lower-bounds-of-options/functional-cost-and-hour-summary-217134
Manpower planning has five essential elements, including analyzing current manpower resource, reviewing employee utilization rates, forecasting demand and supply for employees and developing an effective manpower plan. A functional cost and hour summary assists in various elements of manpower planning by providing top management and senior managers with an overall description of how many hours and dollars will be spent by each major functional unit such as a division, so that top management can make sure that sufficient resources are available for each project, task or process.
Functional cost and hour summary, therefore, provides a clear ...
How can upper-level management use the functional cost and hour summary to determine manpower planning for the entire company?