ADM 2337 Lecture Notes - Lecture 2: Nominal Group Technique, Markov Chain, Delphi Method

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

Document Summary

Procedures for making decisions about the organization"s long-term goals and strategies. Needs to be linked with hr planning integrated into the strategic. The process of forecasting future hr needs to ensure that the org will have the required number and type of employees to meet its strategic objectives. Skill inventories & management inventories used to perform succession planning. The process of identifying, developing and track key people for exec positions. The project the supply of outside candidates, employers assess: Gap analysis: demand for employees (quantity & quality) supply of employees (quantity and quality) =gap. ** this information feeds into/is integrated with the strategic plan. A labour shortage exists when the internal supply of human resources cannot meet the org"s needs. A labour surplus exists when the internal supply of employees exceeds the org"s demand. Employers may respond with: hiring freeze, attrition, early retirement buyout programs, job sharing or part time work, reduced work week, alternative jobs in the org.