Management and Organizational Studies 1021A/B Chapter Notes - Chapter 2: Employment Agency, Strategic Planning, S&P 500 Index

• School: Western University
• Department: Management and Organizational Studies
• Course: Management and Organizational Studies 1021A/B
• Professor: Maria Ferraro

Document Summary

Strategic planning: hr policies, processes, and practices that help the company achieve the goals through its employees: broad in scope and long in time frame (two to three years, provide an overall direction to the entire organization. It is the line manager"s job to make plans for business objectives but plan for necessary staffing resources, so that the organization has the people capability to adjust to changes in the environment. In the best companies, there are no distinction between strategic planning and hr planning. Approaches: forecasting the demand for employees: Trend analysis: quantitative approach to forecasting labour demand on an organization index. Management forecast: opinions and judgements of supervisors or management and others that are knowledgeable about the organization"s future employment needs: analyzing the supply of employees: Staffing tables: graphic representation of organizational jobs along with the numbers of employees currently occupying those jobs and future employment needs.