MANA 362 Lecture Notes - Lecture 4: Markov Chain, Trend Analysis, Strategic Planning
Document Summary
Class 4 - hr planning, recruitment, and selection. Strategic planning: strategic planning: making decisions about long-term business objectives, hr planning: anticipating and making provisions to have the people required to meet these objectives. Hr planning approaches* e v i t a t i t n a u. Provide usable information about employee: demand: trend analysis, management forecast, possibly sta ng tables, supply: sta ng tables, markov analysis, skills inventory. Recruitment: recruitment is the process of locating and encouraging potential applicants to apply for jobs, it can be done from within and/or outside the organization. Based on hr planning, identify current or future openings. Determine recruitment method(s) (within and/or outside, specific methods) Conduct chosen recruitment activities to create a pool of potential qualified applicants. Know why you choose to recruit internally/ externally. Recruiting within the organization: internal recruitment pros and cons: Serves as a motivator for all (prospective of being promoted. Employees may not have required training and experience.