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Chapter 5

Chapter 5 - Human Resources Planning


Department
Human Resources
Course Code
MHR 523
Professor
Margaret Yap
Chapter
5

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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 company’s future
HRP process includes:
oForecasting demand for labour
oAnalyzing labour supple
oPlanning and implementing HR programs to balance supply and demand
The importance of environmental scanning
External environmental factors usually monitored:
oEconomic conditions (general, regional, and local)
oMarket and competitive trends
oNew/revised laws, decisions of courts
oSocial concerns healthcare, childcare, education
oTechnological changes
oDemographic trends
Steps in HRP:
1.Forecasting demand
a.Quantitative approaches
i.Trend analysis: study of firms past employment levels over a period of
years to predict future needs
ii.Ratio analysis: making forecasts based on ratio between some causal
factors (number of sales) and the number of employees needed
iii.Scatter plot: graphical method to identify the relationship between two
variables
iv.Regression analysis: statistical technique, mathematical formula is
used to project future demands based on an established relationship
between an independent and dependent variable
b.Qualitative approaches
i.Nominal group technique: group of experts meeting face-to-face. Steps
include:
1. Idea generation
2.Clarification
3.Open discussion
4.Private assessment
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