MHR 523 Chapter Notes - Chapter 5: Succession Planning, Markov Chain, Performance Appraisal

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Hrp does not occur independently of the other departments within an organizaion: such as inance, markeing, research, and development. Hrp must align with the overall goals of the organizaion as well as the long-term and short-term strategic plans set by the organizaion. An organizaion"s strategic decision to expand, redirect, divest, partner, or merge will have an associated efect on the hr expectaions and plans of the organizaion. Environmental scanning: an assessment of external factors inluencing the organizaions ability to ind and secure talent from the external labour market. Envrionmental scanning is a criical component of hrp and strategic planning processes: the most successful organizaions are prepared for changes before they occur. External environmental factors: economic condiions (local, regional, naional, internaional) If the unemployment rate in a region is low, an organizaion would have to be more aggressive in recruitment talent, as selecion may be more scarce: market and compeiive trends.

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