Human Resource Planning Flashcards
Define Human Resources Planning
The process of forecasting future human resources requirements to ensure that the organization with have the required number of employees with the necessary skills to meet its strategic objectives
Define Environmental Scanning
An assessment of external factors influencing the organizations ability to find and secure talent
What are the steps in Human Resource Planning?
- Forecasting the availability of candidates (supply)
- Forecasting future HR needs (demand)
- Planning & implementing HR programs to balance supply and demand
Within the first step of human resource planning, Forecasting the availability of candidates, Define Succession Planning
The process of ensuring a suitable supply of successor for current and future senior or key jobs so that the careers of individuals can be effectively planned and managed
Within the first step of human resource planning, Forecasting the availability of candidates, Define Markov Analysis
- method of forecasting internal labor supply
- Tracks the pattern of employee movements through various jobs and developing a transitional probability matrix
- shows actual number of employees in each job, promotions, demotions, transfers
What are 4 methods future human resource needs can be forecasted?
- Trend Analysis (looks at past employment over a period of years)
- Ratio Analysis (Forecasting technique for determining future staff needs)
- Scatter plot (Determines whether two factors are related)
- Regression Analysis
- Nominal Group Technique(group of experts meet face to face)
- Delphi (idea exchanged not face-to-face)
In step 3 of the human resource planning process, planning and implementing HR Programs to Balance Supply and Demand, what is a staffing table?
A pictorial representation of ll jobs within the organization, with current incumbents and future employment requirements
