Chapter 1 - S2 - Human Resource Planning (HRP)

Question 1

It is the process an organization uses to analyze its workforce and determine the steps it must take to prepare for future staffing needs.

Answer 1

Human Resource Planning (HRP) or Workforce Planning (WFP)

Question 2

It is the process of estimating and projecting the supply and demand for different categories of personnel in the organization for the years to come.

Answer 2

Human Resource Planning (HRP) or Workforce Planning (WFP)

Question 3

A systematic assessment of workforce content and composition issues and determines what actions must be taken to respond to future needs.

Answer 3

Human Resource Planning (HRP) or Workforce Planning (WFP)

Question 4

e.g., skill availability

Answer 4

External factors

Question 5

e.g., age of the workforce

Answer 5

Internal factors

Question 6

Main objective of WFP or Workforce Planning

Answer 6

To identify the “human capital” (KSA) requirement of the organization and how to acquire them. WFP can be used to “optimize” current workforce in the organization.

Question 7

One of the analytical steps in workforce planning. Also referred to as “staffing assessment”, an analysis of an organizations’ labor supply.

Answer 7

Supply Analysis - (supply forecasting)

Question 8

One of the analytical steps in workforce planning. It includes a review of future business plans and objectives.

Answer 8

Demand Analysis - (demand forecasting)

Question 9

One of the analytical steps in workforce planning. It compares the differences in the supply and demand analysis and identifies human capital availability and deficiencies.

Answer 9

Gap Analysis (estimating workforce gap)

Question 10

One of the analytical steps in workforce planning. It focuses on how to address gaps in current staffing and future staffing needs through recruiting, training and development, contingent staffing, and outsourcing.

Answer 10

Solution Analysis (formulating HR plans)

Question 11

One of the factors affecting workforce planning process. It includes economic developments, political, legal, social, technological changes, and competition

Answer 11

External challenges

Question 12

One of the factors affecting workforce planning process. It includes divesting, investing, downsizing, and merger.

Answer 12

Organizational decisions

Question 13

One of the factors affecting workforce planning process. It includes quality and quantity, and diversity of workforce.

Answer 13

Workforce factors

Question 14

The most important managerial function of an organization.

Answer 14

Human Resource Planning

Question 15

Human Resource Planning ensures three main things:

Answer 15

1. Adequate supply of human resources.
2. Proper quality of human resources.
3. Effective utilization of human resources.