BU354 Lecture Notes - Lecture 2: Dependent And Independent Variables, Nominal Group Technique, Severance Package
Document Summary
Helps achieve strategic goals/objectives, achieves economies in hiring, make major labour market demands, anticipate& avoid labor shortages and surpluses, control/reduce labour costs. Has become as key strategic priority for hr department and for strategic business planners. Existing labour shortage in canada is forecast to increase to 1 million workers over the next 15 years. Canada is in the beginning stages of a major labour shortage (baby boomers retiring too fast) The key steps in the hrp process include analyzing forecasted labour supply, forecasting labour demand, and then planning & implementing hr programs to balance supply and demand: Hrp must align with the overall goals of the organization& lt/st strategic plans set by the org. Failure to integrate hrp and strategic planning can have very serious consequences. Environmental scanning: assessing factors that affect the external labour market (external factors) as (cid:449)ell as a(cid:374) orga(cid:374)izatio(cid:374)"s a(cid:271)ility to fi(cid:374)d a(cid:374)d se(cid:272)ure tale(cid:374)t fro(cid:373) outside of the orga(cid:374)izatio(cid:374).
