37:533:311 Study Guide - Midterm Guide: Workforce Planning, Job Analysis, Job Performance

• School: Rutgers University
• Department: Human Resource Management
• Course: 37:533:311
• Professor: Johnson

Document Summary

Workforce planning: the process of predicting an organization"s future employment needs and the availability of current employees and external hires to meet those employment needs and execute the organization"s business strategy. Workforce planning is the foundation of strategic staffing because it identifies and addresses future challenges to a firm"s ability to get the right talent in place at the right time to execute its business strategy. Articulate the firm"s talent philosophy and strategic staffing decisions. Monitor, evaluate, and revise the forecasts and action plans. An organization"s product demand directly affects its need for labor. Locate reliable, high-quality information sources within and outside of the organization to forecast business activity. It is a good idea to identify minimal as well as optimal staffing levels when analyzing labor demand. An organization"s demand for labor depends on its forecasted business activity and its business needs, which depend on its business strategy.