MHR 523 Lecture Notes - Lecture 3: Employee Retention, Markov Chain, Golden Parachute
10 Apr 2017
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Document Summary
The tendency to withhold physical or intellectual effort when performing a group task. 2 forms free rider and sucker effect. 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. Helps the organization to meet goals, achieve economies in hiring new workers, make major market labour demand successful, anticipate and avoid shortages/surpluses, and control/ reduce labour costs. Relationships between hrp and strategic planning an hrp does not occur independently of the other departments within an organization (eg. The hrp must align with the overall goals of the organization as well as both the long term and short term strategic plans set by the organization. Considerations organizations current and expected organization and hr policies. Changes to the external labour force (eg. General economic conditions, labour market conditions, or occupational market conditions) Economic, competitive, legislative, social, technological, and demographic.
