Valero Energy created a labor supply chain system for improving the efficiency of its workforce planning, recruiting,
Question:
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.
Expert Answer:
Valero might use the following workspace plan to get more better in future Corporate trends toward o... View the full answer
