Ch6: Human Resource Planning Flashcards
Causes of DEMAND OF HR
Main
- External
- Organisational
- Workforce
Causes of DEMAND OF HR
list External factors??
- Economics
- Social political legal
- Technology
- Competitors
Causes of DEMAND OF HR
List Organisational factors??
- Strategic plans
- Budgets
- Sales & production forecast
- New ventures
- Organisation and job design
Causes of DEMAND OF HR
List Workforce factors??
- Retirement
- Resignation
- Termination
- Deaths
- Leaves of absence
Causes of DEMAND OF HR
External factors
Discuss economics & social political legal
- Economics factors difficult to predict in short run
- Inflation, unemployment are difficult to forecast
- social political legal are easy to predicts
Eg changes in laws & wars
Causes of DEMAND OF HR
External factors
Discuss technological & competitors
- Technology develops increases unemployment.
- one department decrease and increase in other department makes HR more complicated
- ROBOTS
- Competitors forces downsizing to reduce cost and gain edge
Causes of DEMAND OF HR
Organizational Decision
Discuss Strategic plans, Budgets & Sales and Production forecasts
- Strategic Long term plan; long range HR Plans for future employment.
- Strategic Short term plan; by using budget increase or cut in HR plans.
- More short term strategic plan: checking against sales and production forecast and act accordingly
Causes of DEMAND OF HR
Organizational Decision
Discuss New Ventures & Organisation Job design
- New Venture from Scratch: Immediate HR Demands and HR Planners workout long and short term plan.
- If acquisition or Merger: Redesign of jobs
Causes of DEMAND OF HR
Organizational Decision
Discuss All Workforce factors
Monitor Past Experience carefully to analyse the trend and work out accordingly.
What is Forecasting Techniques
to predict future demand for employees in an organisation
List main heads of Forecasting Techniques
- expert
- trend
- other like budget and planning analysis , new venture analysis and computer models
Forecasting Techniques
List expert`
- Formal and instant decision
- Formal expert survey
- Nominal group technique
- Delphi Technique
Forecasting Techniques
List trend`
- Extra-pola-tion
- Index-a-tion
- statistical analysis
Forecasting Techniques
List other`
- Budget and Planning analysis
- New venture analysis
- Computer models
Forecasting Techniques expert Discuss 1. Formal and instant decision 2. Formal expert survey
- Expert forecasts are based on the judgments of those who are knowledgeable about future HR needs. e.g line manager, HR planners
- In larger organisation survey (infomal) those managers who are the ultimate experts in the future staffing needs of their departments.