MHR 523 Lecture Notes - Lecture 3: Foreign Worker, Outsourcing, Layoff
1 Feb 2017
School
Department
Course
Professor
Document Summary
Week 3 lecture chapter 5 human resource planning. 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 objective without shortages or surpluses. Can vary from capturing basic information to a more sophisticated approach. Step 1: forecasting the availability of candidates (supply) Step 2: forecasting future hr needs (demand) Step 3: planning and implementing hr programs to balance supply and demand. The external environmental factors most frequently monitored include: Social concerns related to health care, childcare, and educational priorities. Ex. scanners have difficulty picking out the truly important events. Ex. difficulty finding employees where labour shortages exist. Hr planers react to current events and other issues that affect their practice. Harder to get jobs as there are a lot of baby boomers that are still in the industry. Internal (spurs better performances), (level of competition may cause toxic environment) and external.
