HRM301 Chapter Notes - Chapter 5: Onboarding, Organizational Culture, Ecological Niche
4 Jan 2016
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Document Summary
Why is strategic hr planning important to organizations. Balance between work that needs to ne done and the workplace. Insu cient work and too many employees lead to ine ciencies and lower productivity. Employees may become bored and unmotivated and engage in counterproductive behaviors. Too much work and an insu cient number of employees leads to higher overtime and wage expenses - increases stress and fatigue. Both points of views will result in an ine ective organization that might comprise its ability to meet its goals and objectives. Transaction based forecasting - focuses on tracing internal change instituted by organization"s managers. Event-based forecasting - concerned with change in external environment. Process-based forecasting - not focused on speci c internal organizational event but on the ow or sequencing of many work activities. Forecasting is an approximation of possible future states and strongly favours quantitative and easily codi ed techniques.
