BU354 Lecture Notes - Lecture 3: Delphi Method, Headcount, Computer Network
Document Summary
Relationship of human resource planning to strategic planning. Having the appropriate hr practices in place to create the right environment and motivate people to do the right things. A growth or expansion strategy usually includes aggressive hiring, training, and promotion of employees: a retrenchment or cost reduction strategy necessitates layoffs and early retirement of surplus employees. Hr planning can vary from capturing basic information to a more sophisticated approach. Resource planning focused on how many people will be needed in the future. Static in nature and receives minimal weight in terms of importance. Hr components are fully integrated with the business plan. Level 5 organizations use robust evaluation tools and highly sophisticated tech to create long-range plans to improve returns on investment: require a lot of resources and time. Step 2: assess internal and external supply of resources. Determine differences between demand and supply and make objectives that determine the choice of programs.
