BU354 Chapter Notes - Chapter 3: Headcount, High Tech, Delphi Method
Document Summary
Major objective of hrp is to ensure that the organization has the right people with the right skills at the right time in order to fulfill organizational objectives. Different strategies require different hr plans: growth/expansion strategy = aggressive hiring, training and promotion, cost reduction strategy = layoffs and early retirement. Linking strategy to planning: a fi(cid:396)(cid:373)"s lo(cid:374)g-range strategic plan is accomplished by the thoughtful execution of a series of short-range, tactical plans that focus on current needs and operations. Step 1: forecast demand for resources: looks at the many factors that cause a labour need to exist and uses various forms of forecasting techniques. Step 2: assess internal and external supply of resources. Identifies what the planners expect to accomplish as a result of their actions: carry out an analysis to determine the differences between demand and supply. Step 4: design and implement hrm programs: these programs attempt to balance demand and supply.
