BU354 Chapter Notes - Chapter 4: Severance Package, Absenteeism, Wrongful Dismissal
Document Summary
Its done to review human resources requirements to ensure: the necessary number of employees, the necessary employee skills, also done to meet organizational goals (need to know what changes are happening) Lack of or inadequate hr planning within an organization can result in significant costs when unstaffed positions create costly inefficiencies and when severance pay is required for large numbers of employees being laid off. Ineffective hrp can lead to the inability to accomplish short-term operational plans and/or long range strategic plans. Forecast demand analyze supply plan and implement programs to balance supply and demand. Importance of human resources planning: achieve strategic goals and objectives, achieve economies in hiring new workers, make major labour market demands, anticipate and avoid staff shortages/surpluses control/reduce labour costs. Results of inadequate hr planning: vacant positions create costly inefficiencies, mass layoffs requiring severance pay (reduce morale) simultaneous layoffs and hiring reduces morale and productivity, creates turnover inability to meet operational and strategic plans.
