BU354 Chapter Notes - Chapter 5: Nominal Group Technique, Delphi Method, Layoff

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3 Apr 2016
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Human resources 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. Proactive process, can help achieve strategic goals, improve economies, avoid shortages and surpluses of hr and reduce labour costs. Canada is about to have a labour shortage due to baby boomers retiring and a declining fertility rate. Key steps: analyzing forecasted labour supply, forecasting labour demands, and planning & implementing hr programs to balance supply and demand. Must align hrp with strategic goals of the organization. Environment scanning: an assessment of external factors influencing the organizations ability to find and secure talent from the external labour market, including economic, competitive, legislative, social, technological and demographic trends. Internal labour supply: present employees who can be trained, transferred, or promoted to meet anticipated needs.

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