Chapter 4 Flashcards
What is HRP (Human resource planning) ?
- process of analyzing and identifying the need for and availability of human resources
- to ensure that an organization will have:
1. right number of employees
2. with right skills
3. at the right time
4. in the right job
5. to meet its strategic objectives
What are the key steps in the Human Resource Planning process?
(HRP)
FAP
- forecasting demand for labour
- analyzing labour supply
- planning and implementing HR programs to balance supply and demand
What is the role of HR and line managers?
- identify the number and type of employees needed
- identify and prioritize the talent gaps
- determine the best approach for closing the gaps
- ensure that the organization gets the highest and best available talent
What is environmental scanning?
- monitoring of major external factors
- identify trends that might affect an organization
- critical component of HRP and strategic planning processes
- helps successful organizations prepare for changes before they occur
What are the steps in forecasting the number and type of people needed to meet organizational objectives?
- Quality and nature of employees
- Decisions to upgrade the quality of products or services
- Planned tech and admin changes
- Financial resources available
- Organizational restricting and job redesign
Internal supply uses?
- skills management inventories
- replacement charts/summaries
- movement analysis
- succession planning
External supply projects?
- future unemployment levels
- national labour market trends
- local labour market trends
- supply in specific occupations
Labour surplus managed by?
- hiring freeze
- attrition
- buyout and early retirement programs
- job sharing
- reduced work week
- layoffs and terminations
- loaning or flexforce
Labour shortage managed by?
- overtime
- temporary employees and subcontracting
- transfers
- external hiring of permanent employees4
4 steps for recruitment process?
IDMG
- identify job opening
- determine specific job requirements
- select method of recruitment
- generate pool of qualified recruits
What are some advantages of filing open positions with inside candidates?
- enhanced morale if competence is rewarded
- more commitment to company goals
- longer-term perspective on business decisions
- more accurate assessment of candidate skills
- less orientation required
What are some disadvantages of filling open spots with inside candidates?
- discontent of unsuccessful candidates
- time consuming to interview all candidates if one is already preferred
- employee dissatisfaction with insider as new boss
- possibility of ‘inbreeding’
What is a yield ratio?
-percentage of applicants that proceed to the next stage of the selection process
How is cost per hire calculated?
-by driving the total costs of a recruitment drive by the number of qualified applicants it generated.
How is cost per applicant calculated?
-by dividing the cost of a recruiting method, such as newspaper advertising by the number of qualified applicants who respond
