BUS 381 Chapter Notes - Chapter 5: Nominal Group Technique, Delphi Method, Scatter Plot

• School: Simon Fraser University
• Department: Business Administration
• Course: BUS 381
• Professor: Natalie Zhao

Document Summary

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. ****hrp is a proactive process, which both anticipates and influences an organization"s future by systematically forecasting the demand for and supply of employees under changing conditions and by developing plans and activities to satisfy these needs. Lack of or inadequate human resources planning within an organization can result in significant costs when unstaffed positions create costly inefficiencies and when severance pay is required for large numbers of employees being laid off. ****perhaps most importantly, ineffective hrp can lead to the inability to accomplish short-term operational plans and /or long-range strategic plans. ****in large organizations, needs forecasting is primarily quantitative in nature and is the responsibility of highly trained specialists.