HRM1008 Lecture Notes - Lecture 4: Lastminute.Com, R&S Records, Organizational Culture
6 Apr 2016
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Document Summary
Hr forecasting: ascertaining the net requirement for personnel by determining demand for and supply of hr now and in the future. Programs can be developed to reconcile diferences b/w demand for labour and supply: t&d, career planning, r&s, managerial appraisal. Efective hr forecasting focuses on comparison b/w current ksaos and future ksaos for success. Focuses on tracking internal change instituted by organization"s managers ie. introduction of new product that requires hiring workers for new production line. Focuses on changes in external environment ie. competitor introduces product that makes yours obsolete and you don"t need employees on that production line. Not focused on speciic internal organizational event but on low of several work activities ie. warehousing shipping process. Strategic importance of hr forecasting: reduces hr costs. By forecasting what you need in the future, organizations can focus on obtaining best external recruits and develop internal workers.
