[MHR 523] - Final Exam Guide - Comprehensive Notes for the exam (33 pages long!)

• School: Ryerson University
• Department: Human Resources
• Course: MHR 523
• Professor: Danielle Lamb

Document Summary

The process of forecasting future human resources requirements to ensure that the organization will have the required # of employees with the necessary skills to meet its strategic objectives. Hrp for the oldest company in the world: kongo gumi in japan for building temples and coffins. Kongo gumi: long term thinking; apprenticeship was 10 year process. Target canada: marketing didn"t resonate with target market, cultural differences between retail market in canada and us. 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 hr, control or reduce labour costs. Forecasting the availability of candidates (hr supply) Hr demand: # of employees and skill sets needed in future. Environment scanning: assessing factors that affect the external labor markets as well as an organization"s ability to find and secure talent from outside the organization. Hire new staff to fill post of person human capital.