Chapter 3: HR Planning Flashcards
HR planning
Process to find future HR needs and processes needed to support and enable
levels of planning
level 1 - not planning anything
level 2- long-term business planning but minimal HR planning
level 3 - project 5 years ahead but do not integrate people planning into long-term business plan
level 4 & 5 - 5- 6 years ahead in planning and HR is a key priority
- level 5 has robust evaluation tools and tech to create long term plans
HR planning process
Step 1: Forecast D for resources
Step 2: Assess Internal and External supply of resources
Step 3:Develop HR Objectives
Step 4: Design and implement HRM programs
Step 5: Establish Program Evaluation
Types of forecasts to consider
Strategic plan demographic impacts turnover legal changes tech changes competitor budget and revenue new ventures org and job design
Expert forecasts for HR D
Nominal Group technique
- members meet face to face and write down their ideas and share them and rank them
Delphi Technique
- estimation of specific future events from a panel of experts using repeated surveys again and again until they all choose the same
Trend Predicted forecasts for HR D
Extrapoluation: finding [ast rates of change and doing them for the future
Indexation:estimate future employment by matching employment growth with selected index like sales
Other Forecasting Methods for HR D
New Venture analysis: finding HR needs from other similar firms
Converting Forecast into Hr requirements
Staffing tables: show job openings for each job
HR Audits to find internal supply estimates
skill inventories
- summary of knowledge , skill, and ability
Management & Leadership Inventories
- report of available management capabilities in org
Replacement chart
-visual representation of who will replace who
Marvoc Analysisi
Find future D based on historical movement of employees across jobs
Transitional mactrices
Probability of how quick job turnover
External Supply estimates
Labour mkt analytics
community attitudes
Demographicphic trends
HR objestives
process in how gaps can be addresses
Strategies to manage over supply of HR; Head count Reduction
layoffs
leave w/o pay
incentives for voluntary separation
termination
Attrition strategies
loss of employee due to voluntary departure from firm
hiring freeze
early & phased retirement