MHR 523 Lecture Notes - Lecture 3: Markov Chain, Succession Planning, Job Sharing
Document Summary
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. Hiring or firing in an agency depends on the business strategy at the time. Anticipate and avoid shortages and surpluses of human resources. With the right knowledge, skills, and abilities (ksa) Step 1: forecasting the ability of candidates (supply) Step 3: planning and implementing hr programs to balance supply and demand. Environmental scanning- these might have an external impact on your hr strategy. Skills/management inventories- can help you decide whether someone is appropriate for a position. We need to learn to keep these updated. Some of this updating is being outsourced to be done by the employee. Summary of current employee"s education, experience, interests, and skills. Summary or management employees qualifications, skills, interests, managerial responsibilities. Depiction of who will replace whom in the event of a job opening.
