BU362 Chapter Notes - Chapter 5: Flip Chart, Delphi Method, Nominal Group Technique
Document Summary
Bu 354: chapter five - human resource planning: Human resource planning (hrp): process of forecasting future hr requirements to ensure the organization will have the required number of employees with necessary skills to meet its strategic objectives. Hrp helps an organization achieve its strategic goals and objectives, achieve economies in hiring new workers, make major labour market demands more successfully, anticipate and avoid shortages and surpluses of human resources and control/reduce labour costs. Existing labour shortage in canada is forecast to increase to 1 million workers over the next 15 years; is currently in the beginning stages of major labour shortage. Baby boomers are starting to retire resulting in there not being enough people to cover their positions. 2 of every 3 job openings in the next decade will focus on replacing retired workers. Must align with the overall goals of organization as well as long-term and short- term strategic plans set by the organization.
