Briefly explain voluntary retirement scheme, HR Management

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Question 1:

"Employee resourcing strategy contributes both to the formulation and the implementation of business strategies" (Michael Armstrong, "A Handbook of Personnel Management Practice", 6th Edition).

Question 2:

(i) List down the main major factors which can have an important bearing on the upply of manpower in the following markets:

(a) Local labour market
(b) National labour market

(ii) By referring to the Mauritian context,

(a) Briefly explain Voluntary Retirement Scheme (VRS).
(b) Outline the social and economic implications of VRS from the perspective of the employees.

(iii) Write short notes on the following:

(a) Career planning
(b) Succession planning


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