MHR 523 Lecture Notes - Lecture 3: Job Sharing, Outsourcing, Delphi Method

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Helps organization: meet strategic goals and objectives, achieve economies in hiring new workers, make major market labour demands successfully, anticipate and avoid shortages and surpluses of human resources, control or reduce labour costs. Steps in the hrp process: step 1: forecasting the availability of candidates (supply, step 2: forecasting future hr needs (demand, step 3: planning an implementing hr program to balance supply and demand. The importance of external environment / environmental scanning. The external environmental factors most frequently monitored include: economic conditions (general, regional, and local, market and competitive trends, new or revised laws, social concerns related to health care, childcare, and educational priorities, technological changes, demographic trends. Isolating the critical from the insignificant e. g. scanners have difficulty picking out truly important events. Few trends exist in isolation e. g. difficulty finding employees where labour shortages exist. Hr planners react to current events and other issues that affect their practice.

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