MHR 523 Lecture Notes - Lecture 3: Crowdsourcing, Temporary Foreign Worker Program In Canada, Job Sharing

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Define human resources planning (hrp) and discuss its strategic importance. Discuss briefly the four stages used to forecast internal human resources supply and four types of market conditions assessed when forecasting external human resources supply. Discuss briefly the four stages used to forecast internal human resources supply and three types of market conditions assessed when forecasting external human resources supply. Describe four quantitative and two qualitative techniques used to forecast human resources demand. Describe the ways in which a surplus of human resources can be handled. Explain how organizations deal with a shortage of human resources. The process of forecasting future human resources requirements to ensure that the organization will have the required number of employees with the necessary skills to meet its strategic objectives without shortages or surpluses. Human resource planning can vary from capturing basic information to a more sophisticated approach. Step 1: forecasting the availability of candidates (supply) Step 2: forecasting future hr needs (demand)

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