MHR 523 Lecture Notes - Lecture 3: Job Sharing, Nominal Group Technique, X&Y

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Human resources planning: the process of forecasting future human resources requirements to ensure the organization will have the required number of employees with the necessary skills to meet its objectives. Anticipate and avoid shortages and surpluses of hr. Steps in the hrp process: forecasting the availability of candidates (hr supply) - (can choose within the company (internal) or outside the company (external)), forecasting future hr needs, programs to balance the supply and demand. Motivate others in the company- to see promotion. Outside perspective-limited in human capital (fresh perspective) Leads to another vacancy (cost to hire/fill) Going from colleague to boss can be uncomfortable to workers. Do not know the organizations culture, firm. May/may not need more training expense. Difficulty in fitting in (p-o fit, p-j fit) Chapter 5 *do not forget to study ratio analysis question in lec 3( will be on the midterm) An individualized personnel record held on each employee except those currently in management or professional positions.

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