BU354 Chapter Notes - Chapter 3: Computer Network, Enhanced Service, Business Cycle
Document Summary
Relationship of human resource planning to strategic planning. Planning helps to identify what hr are needed to ensure that the organization can respond to change and provides plans to help the organization respond effectively. A firm"s long-range strategic plan is accomplished by the thoughtful execution of a series of short-range tactical (or operational) plan that focuses on current needs and operations. Example of tactical planning includes: recalling a defective product or managing inventory more effectively. Successful organizations recognize the importance of intellectual or human capital, an effective. Hr plan is a critical tool to take advantage of this valuable asset. Hr planning can vary from capturing basic information to a more sophisticated approach. Organizations are unique, they use different approaches for planning the allocation of hr. It is typical to expect that as organizations grow, they develop more robust planning practices largely due to the significant impact on labour costs.
