HRM200 Chapter Notes - Chapter 5: Succession Planning, Job Sharing, Wrongful Dismissal

• School: University of Waterloo
• Department: Human Resources Management
• Course: HRM200
• Professor: Katrina Di Gravio

Document Summary

Chapter 5 human resources planning: 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. Step 1: forecasting the availability of candidates (supply: two sources of supply. Human resources planning (hrp) is a process that ensures an organization has the required number and type of employees to meet its strategic goals. Hr planners need to work with various levels of management to make decisions about how to manage labour surpluses and shortages. Forecasting future labour demand and supply is a critical element of the strategic planning process. Hrp and strategic planning become effective when a reciprocal and interdependent relationship exists between them: four quantitative techniques for forecasting future hr demand are trend analysis, ratio analysis, scatter plots, and regression analysis.