HR_Chapter 5.doc

6 Pages
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Department
Human Resources Management
Course Code
HRM 200
Professor
Katrina Di Gravio

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Description
Chapter 5 Human Resource PlanningHuman Resources PlanningIts done to review human resources requirements to ensureothe necessary number of employeesothe necessary employee skillsAlso done to meet organizational goals need to know what changes are happeningLack of or inadequate HR planning within an organization can result in significant costs when unstaffed positions create costly inefficiencies and when severance pay is required for large numbers of employees being laid offIneffective HRP can lead to the inability to accomplish shortterm operational plans andor long range strategic plans Human Resources Planning ProcessForecast demandanalyze supplyplan and implement programs to balance supply and demand Importance of Human Resources Planningachieve strategic goals and objectivesachieve economies in hiring new workersmake major labour market demandsanticipate and avoid staff shortagessurpluses controlreduce labour costsResults of Inadequate HR Planningvacant positions create costly inefficienciesmass layoffs requiring severance pay reduce morale simultaneous layoffs and hiring reduces morale and productivity creates turnoverinability to meet operational and strategic plansHR Planning and Strategic PlanningHR planningStrategic planning reciprocal and interdependent relationshipenvironmental scanning critical for bothHR needs to be brought to the strategic planning table External Environmental Factors Monitoredeconomic conditionsothese affect supply and demand for products and services which in turn affect the number and types of employees required market and competitive trendsgovernment and legislative issues quota systemsocial concernstechnological changesdemographic trends ex Now we will have to watch and replace the aging boomers
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