Q1 - Reading: What is HR Planning?

Question 1

Primary objective of HR planning

Answer 1

To help businesses determine what areas they have employment needs and identify strategic moves to meet those needs

Question 2

Benefits of an HR plan

Answer 2

Makes adapting to industry changes easier
Promotes growth & longevity of the company
Enables companies to maintain a competitive advantage
Increases value of current employees

Question 3

Ways to help create an HR plan

Answer 3

Surveys
HR dashboards
Performance management systems
HR info systems (HRIS) [ HRIS combines different operations to summarize hiring, enrolment, recruiting, staff turnover rate, productiveness, satisfaction, or other staffing metrics.]
Compensation & benefits analysis software