Textbook Notes (368,449)
Canada (161,886)
MHR 523 (321)
Chapter 5

Chapter 5 - Human Resources Planning

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Human Resources
MHR 523
Margaret Yap

Chapter 5 Human Resources Planning (HRP) HRP is the process of forecasting future HR requirements to endure that the organization will have required number of employees with the necessary skills to meet its strategic objectives Proactive process which anticipates and influences companys future HRP process includes: o Forecasting demand for labour o Analyzing labour supple o Planning and implementing HR programs to balance supply and demand The importance of environmental scanning External environmental factors usually monitored: o Economic conditions (general, regional, and local) o Market and competitive trends o Newrevised laws, decisions of courts o Social concerns healthcare, childcare, education o Technological changes o Demographic trends Steps in HRP: 1. Forecasting demand a. Quantitative approaches i. Trend an
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