MHR 523 Chapter Notes - Chapter 5: Visible Minority, Layoff, Telecommuting

• School: Ryerson University
• Department: Human Resources
• Course: MHR 523
• Professor: Pat Sniderman

Document Summary

Human resources planning (hrp): the process of forecasting future human resources requirements to ensure that the organization will have the required number of employees with the necessary skills to meet its strategic objectives. Economic conditions affect supply and demand for products and services affects the # and types of employees required. Qualitative approaches to forecasting range from sophisticated analytical models to informal expert opinions about future needs. Ideas are exchanged without face-to-face interaction and feedback is provided and used to fine tune independent judgments until a consensus is reached. Managerial judgment: judgment is needed to modify the forecast based on anticipated changes. Staffing table: a pictorial representation of all jobs within the organization, along with the number of current incumbents and future employment requirements (monthly/yearly) for each. Forecasting the supply of external (outside) candidates: general economic conditions, national labour market conditions, local labour market conditions, occupational market conditions.