ADM 2337 Lecture Notes - Lecture 10: Canadian Human Rights Act, Employment Equity (Canada), Visible Minority

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Firms can have different strategies: cost saving, design, quality, growth, customer service. Hrm: the process of managing human talent to achieve and organization"s objectives. Hr planning: the process of anticipating and providing for move. t of people into, within and out of the org. Hrp will help an org to meet its hr needs by analyzing its internal and external enviro to forecast supply and demand. Balance btw supply and demand not over/under-staff. Once this is determined concrete steps can be made to obtain it. How do we forecast demand: quant. and quali. techniques: quant techniques: trend analysis or modeling and multiple predictive techniques, qualitative: managerial forecast and delphi techniques (ask experts their opinions on demand for employees) How do we forecast supply: staffing tables: current jobs and number of positions, markov: track movement of employees within the org. in percentage forms.

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