HRM200 Chapter Notes - Chapter 5: Nominal Group Technique, Delphi Method, Regression Analysis
11 Jul 2018
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Define human resources planning (hrp) and its strategic importance. Lack of/inadequate hrp can: result in significant costs, lead to labour mismatches across departments, reduce morale increase turnover, fail to accomplish short-term operational or long-range strategic plans. Environmental scanning assesses the factors that affect the external labour market as well as an organization"s ability to find and secure talent from out the organization. Describe techniques used to forecast human resources demand. Other factors to consider are: projected turnover, quality and nature of employees, product and market decisions, planned technological and administrative change. Hrm 200 chapter 5 notes: human resources planning. This figure outlines the four key steps in the hrp process: forecasting labour supply, forecasting labour demand, gap analysis a staffing table is often used to illustrate short-term plans (example, solutions analysis above) Discuss three types of market conditions assessed when forecasting external human resources supply: general economic conditions (impact all business)
