BU354 Chapter Notes - Chapter 3: Delphi Method, Human Capital, Crowdsourcing
Document Summary
The corporate strategy will largely influence the hr strategy that is implemented. As organizations grow, they develop more robust planning practices (due to the significant impact of higher labor costs) The hr components are fully integrated with the business plan, and recruitment/training are perceived as critical to ensure sustainability: level 5 utilizes robust evaluation tools and highly sophisticated tech to create long-term plans to improve roi. If firm projects shortage, it may outsource or allow overtime. If firm projects surplus, it may allow workers to job share: establish program evaluation: evaluate the effectiveness of the program using some form of qualitative or quantitative measurement. Because organizations and their environment are continually changing, organizations quite likely find themselves in a position of having too many employees or not enough. Good hr planning reduces the risk of demand and supply being out of balance. Good hr plans will identify and anticipate shifts in either an organization"s demand or supply of hr.
