MHR 523 Chapter Notes - Chapter 5: Markov Chain, Human Resources, Regression Analysis
23 Jul 2016
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Document Summary
Human resources planning (hrp): the process of forecasting human resources requirements to ensure that the organization will have the required number of employees with the necessary skills to meet its strategy objectives. Lack or indicate hrp results in signi cant costs when unstaffed positions create costly inef ciencies. The hrp must align with the overall goal of the organization as well as both the long term and short term strategic plans set by the organization. An organizations strategic decision to expand, redirect, diverge, divest, partner, or merge will have an associated effect on the hr expectations and plan of the organization. Environment scanning: an assessment of external factors in uencing the organizations ability to nd and secure talent from the external about market including economic conditions, competitive trends, legislative, social concerns, technological and demographic trends. Internal- present employees who can be trained, transferred, or promoted to meet anticipated needs.
