MHR 523 Chapter Notes - Chapter 5: Shortage

• School: Ryerson University
• Department: Human Resources
• Course: MHR 523
• Professor: Angus Yongheng Yao

Document Summary

Human resource 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. Anticipate and avoid shortages and surplus of human resources. An hr plan does not occur independently of the other departments within an organization (finance/marketing/research/development) Hrp must align with the overall goals of the organization as well as both the long-term and short-term strategic plans set by the organization. As assessment of eternal factors influencing the organizations ability to find and secure talent from the external labour market including: Internal - present employees who can be trained/transferred/promoted to meet anticipated needs. External - people in the labour market not currently working for the organization, including those who are employed elsewhere and those who are unemployed who can be expected to join the organization to meet anticipated needs. Projected turnover as a result of resignations or terminations.