ADM 2337 Lecture Notes - Lecture 2: Severance Package, Delphi Method, Nominal Group Technique

• School: University of Ottawa
• Department: Administration
• Course: ADM 2337
• Professor: Catherine Elliott

Document Summary

Michael porter: unique competitive advantage or position. Procedures for making decisions about the organizations long term goals and strategies. Needs to be linked with hr planning integrated into the strategic planning process. The process of forecasting future hr needs to ensure that the organization will have the required number and type of employees to meet its strategic objectives. Figure 2. 4: forecasting demand, forecasting supply, balancing supply and demand. Used to develop replacement charts (a visual representation of potential candidates to fill. The process of identifying, developing, and track key people for exec positions. To project the supply of outside candidates, employers assess: Demand for employees (quantity and quality) - supply of employees (quantity and quality) A labour surplus exists when the internal supply of employees exceeds the organizations demand. A labour shortage exists when the internal supply of human resources cannot meet the organization"s needs.