MHR 523 Lecture Notes - Lecture 3: X&Y, Markov Chain, Severance Package
20 Jun 2018
School
Department
Course
Professor
MHR 523: Human Resource Planning
Human Resource Planning
-“the process of forecasting future human resource requirements to ensure that the
organization will have the required number of employees with the necessary skills to
meet its strategic objectives”
-HRP is trying to understand the human resource plan for the future (will I have enough
employees? Will I have too many employees?)
-It ties to the strategic objective
-Supply, demand
Helps Organizations:
-Meet strategic goals and objectives
-Achieve economies in hiring new workers
-Make major market labour demands successfully
-Anticipate and avoid shortages and surpluses of human resources
-Control or reduce labour costs
-HRP is a tool to anticipate highs and lows (demands and supply)
Environmental Scanning
-“an assessment of external factors influencing the organization’s ability to find and
secure talent from the external labor market”
External Environment Factors Monitored Include:
-economic conditions
-market and competitive trends
-new or revised laws relating to HR
-social concerns (health care, childcare, educational priorities)
-technological changes (uber)
-demographic trends
Steps in Human Resource Planning
1. Forecasting the availability of candidates (supply)
2. Forecasting future HR needs (demand)
3. Planning and implementing HR programs to balance supply and demand (how are you
going to match supply and demand)
Forecasting the Supply of Internal Candidates
Skills inventories
-Manual or computerized records summarizing employees education, experience,
interests, skills and so on, which are used to identify internal candidates eligible for
transfer or promotion
Replacement charts
find more resources at oneclass.com
find more resources at oneclass.com
Document Summary
The process of forecasting future human resource requirements to ensure that the organization will have the required number of employees with the necessary skills to meet its strategic objectives . Anticipate and avoid shortages and surpluses of human resources. Hrp is a tool to anticipate highs and lows (demands and supply) An assessment of external factors influencing the organization"s ability to find and secure talent from the external labor market . Market and competitive trends new or revised laws relating to hr social concerns (health care, childcare, educational priorities) technological changes (uber) demographic trends. Steps in human resource planning: forecasting the availability of candidates (supply, forecasting future hr needs (demand, planning and implementing hr programs to balance supply and demand (how are you going to match supply and demand) Manual or computerized records summarizing employees education, experience, interests, skills and so on, which are used to identify internal candidates eligible for transfer or promotion.
