HRM200 Lecture Notes - Lecture 3: Nominal Group Technique, Scatter Plot, Regression Analysis

• School: University of Waterloo
• Department: Human Resources Management
• Course: HRM200
• Professor: William Peckham

Document Summary

Human resource planning: forecasting future human resources requirements to ensure organization has required number of employees with necessary skills to meet company goals. Gap analysis: comparing forecasted supply to determine shortage/surplus/equal. Solution analysis: determine next course of action (intra recruitment or firing or external) Relationship between hr and strategic planning: hr doesn"t occur independently of other departments (i. e. finance, marketing, r&d, hrp must align with overall goals and short/long term strategic plans. Environmental scanning: assessing external factors that influence organizations ability to find/secure talent from external labour market, i. e. economic, competitive, legislative, social, technological and demographic trends. New or revised laws relating to hr. Steps in the hrp process: forecasting supply. Current and expected company and hr poliies. Changes to external labour force (gen. economy, labour market, occupational marker) Skills inventories: summary of current employees" education, experience, interests, skills. Management inventories: summary of management employees" qualifications, skills, interests, managerial responsibilities to find eligibility for transfer/promotion.