What is Manpower Supply?

With some tips about effective human resource planning (manpower-人力), companies and businesses could apply them to achieve more positive results. In order to better understand manpower supply (What is manpower supply? What are factors affecting manpower supply? etc. ), we will share useful information in the article below.

Finetech 4.0's high-quality labor supply service

What is Manpower Supply?

Manpower supply (Manpower-人力) is a service provided by a company providing human resources for businesses that have personnel requirements. To achieve the human resource goal, the company's human resources department needs to conduct assessments about their demand and position in the market, then look for and recruit suitable personnel.

Manpower planning is not simply assessing the number of staff shortages and filling vacancies, but also needs the person in charge to master the rules of resource allocation and maintain the balance.

Too many employees not only increase direct costs (salaries) but also affect other costs including training, facilities, etc. However, a shortage of staff can increase work overloaded, and create pressure and stress for employees leading to too much leave.

Manpower supply can be a department of the business or service provided by another company or agency. The main tasks of manpower supply include:

• Provide the necessary number of personnel with sufficient qualifications and skills to work according to the requirements of the business.
  
• Motivate employees in the company to work effectively and maximize their potential.
• Create connections between other plans to utilize different resources (financial, personnel, etc.) ensuring to achieve of the collective goals.

Creating, maintaining, and developing an effective manpower supply plan is a very dynamic process that requires frequent adjustments to adapt to the labor market's conditions that are always changing.

Objectives of manpower supply plan process

• Forecasting the organization's human resource requirements: Human resource planning helps an organization to better assess its future staffing needs, ensuring that there will always be the right number of employees with the right skills and experience.
• Effectively manage changes: Human resource planning helps businesses keep up with the constantly changing competitive recruitment markets. Through effective human resource planning, an organization can continuously reallocate its resources and use them efficiently.
  
• Realizing common goals: Many business goals can only be achieved through the effective use of human resources.
  
• Motivate employees to give more: The workforce planning process will also provide feedback in the form of data, supporting the decision-making process when identifying advancement opportunities for employees.
  

Factors affecting manpower supply

These days, the number of qualified and experienced workers who can not find any suitable job is increasing. However, there are still significant shortages of workers in critical industries. That is why the department in charge of recruiting, retaining, and developing human resources for organizations is important.

Some of the key factors affecting manpower supply include:

• Change in technology: There are many changes happening every day in management engineering and production technology. These profoundly affect the context of many job positions. Technological development can lead to overcapacity, so it is vital to retain talented people and reallocate workers, and plan effective, systematic, and in-depth manpower supply.
  
• Changes in the internal business: Every organization faces the risk of cyclical fluctuations. The speed of these changes as well as the surrounding structures will affect specific manpower requirements.
• Demographic changes: The profile of the workforce is ever-changing when it comes to things like gender, age, technical skills, social background, and educational level. All affect the workforce. 
• Forecasting of staffing requirements: The process that the HR department estimates the quality and quantity of employees needed for the future. It is determined based on the company's long-term plan and annual budget and then divided according to the level of activities, of different functions and departments.

There are many factors that need to be considered in demand forecasting, including changes in social and technological factors as well as the domestic and international economic environment. Internal factors include production capabilities, budget constraints, organizational structure, and employee differences. When companies understand what is the basis of manpower supply, they should take action to take timely remedial measures.

Manpower Supply Company Finetech 4.0 VN

We are proud to be a supplier of high-quality service, with young, abundant, and experienced human resources.

Business areas:

1. Specializing in providing the number one quality sorting service in Vietnam.
   
2. Supplying highly skilled engineers specializing in confirming and reworking defective goods.
   
3. Having a line to assemble electronic components such as headphones, Jig, SMD components.
   
4. Supplying 300-400 seasonal workers for partners around Ha Noi, Bac Ninh, Thai Nguyen,
   

We are a unit specializing in labor supply, so we are always ready to fully meet the needs of labor supply in the fastest time, with the best quality.

When supplying labor, Finetech 4.0 VN complies with the contract signed with the customer. We actively coordinate with businesses to arrange, operate and manage human resources in the most effective way. With the forms of contract signing, Finetech 4.0 VN always monitors the progress of the work, ensuring that the customer has a sufficient number of qualified employees on time as committed in the contract.

If your business is looking for talent from outside your company, contact Finetech 4.0 VN, one of the leading recruitment consulting companies in Vietnam! With a pool of candidates available to introduce to you immediately, Finetech 4.0 VN's experienced team of consultants will help you find the right talent for the company.

For more information please contact:

•  Hotline: 0368590176
•  CS1: Yen Binh Industrial Park, Pho Yen District, Thai Nguyen Province.
•  CS2: Bich Dong Town, Viet Yen District , Bac Giang Province.
•  peter.nguyen@fntvina.com

In addition, we provide inspection services, visual inspection (sorting inspection-外观检查)