MHR 523 Chapter Notes - Chapter 5: Severance Package, Job Sharing, Scatter Plot

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Human resource planning (hrp) is the process of forecasting future human resource requirements to ensure that the organization will have the required number of employees with the right skills to meet its strategic objectives. Hrp anticipates and influences an organization"s future by systematically forecasting the supply and demand of employees under changing circumstances. They do this by developing plans and activities to satisfy these needs. Hrp that is effective helps the organization: Make major labour market demands more successfully. Anticipate and avoid shortages and surpluses of human resources, and control or reduce labour costs. Hrp is a key strategic priority for the hr department and for strategic business planners. Canada is starting to become a country that has shortages in employees because. As the baby boom generation starts to retire, it seems as if there are not enough candidates for the positions. People are having less kids now, which means there will be less working in the next generation.

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