BU354 Chapter Notes - Chapter 5: 2Pm, Wrongful Dismissal, Layoff
Document Summary
Human resources planning (hrp) the process of forecasing future human resources requirements to ensure that the organizaion will have the required number of employees with the necessary skills to meet its strategic objecives. Efecive hrp helps an organizaion to achieve its strategic goals and objecives, achieve economies in hiring new workers, make major labour market demands more successfully, anicipate and avoid shortages and surpluses of human resources, and control/reduce labour costs. Step 3: implement hr programs to balance supply and demand. Environmental scanning is a criical component of hrp and strategic planning processes; the most successful organizaions are prepared for changes before they occur. The external environmental factors most frequently monitored include economic condiions, market trends, technological changes and demographic needs. Step 1: forecasing future human resources needs (demand) A key component of hrp is forecasing the number and type of people needed to meet organizaional objecives.
