Strategic Human Resource Management Flashcards

1
Q

What is strategic HR Planning?

A

Business process that aligns the organisations needs with people strategy.

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2
Q

Name 3 steps involved in Strategic hr planning?

A
  1. Identity current workforce needs
  2. Identify future workforce needs
  3. Create solutions to accomplish future workforce need s
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3
Q

What is requirement forecasting defined as?

A

Determines the number, skill and location of employee to accomplish company goals.

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4
Q

What is availability forecasting defined as?

A

Where the firm will be able to find the people with the suitable skill .

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5
Q

Who does strategic planning?

A

Larger cooperations have designated teams and smaller cooperations may be between. Few members

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6
Q

What are 5 advantages of strategic hr planning?

A
  1. Reduce labour cost
  2. identify and respond to changing customer needs.
  3. Improve employee retention
  4. Improve productivity
  5. Identify strategies for people retention.
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7
Q

What is sucession planning?

A

The process by which employees are trained to take over keep leadership roles

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