MGT 3050 Chapter Notes - Chapter 5: Markov Chain, Trend Analysis, Organizational Culture
HR-Chapter 5: Planning for, Recruiting and selecting the workforce
HUMAN RESOURCE PLANNING
• Ensures that the people required to run the company are being used where/when they
are eeded to accoplish the orgaizatio’s goals
• Liks to the orgaizatio’s strategic plan
• Key to business success in Canada b/c of changes in the make-up of the workforce and
the skills required to do the work
• Important even during economic difficulties
HR PLANNING APPROACHES
• Trend analysis
– Quantitative approach
• Management forecasts
– Opinions based on knowledge
• Staffing tables
– Graphic representations of internal jobs
• Markov analysis
– Tracks pattern of employee movements
• Skills inventory
– Information on current employees
HR PLANNING STEPS
RECRUITMENT
• Process of locating and encouraging potential applicants to apply for jobs in your
organization
• Can recruit from within or from outside the organization
• Can have a combination of inside/outside recruiting
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Document Summary
Hr-chapter 5: planning for, recruiting and selecting the workforce. Human resource planning: ensures that the people required to run the company are being used where/when they are (cid:374)eeded to acco(cid:373)plish the orga(cid:374)izatio(cid:374)"s goals. Li(cid:374)ks to the orga(cid:374)izatio(cid:374)"s strategic plan: key to business success in canada b/c of changes in the make-up of the workforce and the skills required to do the work. Opinions based on knowledge: staffing tables, markov analysis, skills inventory. Recruitment: process of locating and encouraging potential applicants to apply for jobs in your organization, can recruit from within or from outside the organization, can have a combination of inside/outside recruiting. Advantages of internal recruitment: reward for past performance, makes use of people who already know the organization, motivates other employees, helps achieve diversity initiatives. Limitations of internal recruitment: may not have people with specialized training or expertise when needed, may not have people with broad enough experiences, may need new ideas and perspectives.
