Human Resource Planning

Human Resource Planning DefinitionHuman resource planning Process

Learning Objectives HRP is the forecasting of human needs in the context of strategic business plan Setting human resource objectives and deciding how to meet themIt is the process of deciding what positions the firm will have to fill and how will if fill them

Definition Environmental scanning Labour Demand forecast Labour Supply forecast Gap Analysis Action program Control and evaluation Steps in HRP Example of the Basic Human Resource Planning ModelOpen new product lineOpen new factory and distribution systemDevelop staffing for new installationProduction workersSupervisorsTechnical staffOther managersRecruiting and training programs feasibleTransfers infeasible because of lack of managers with right skillsRecruit skilled workersDevelop technical training programsTransfer managers from other facilitiesDevelop new objectives and plansRecruit managers from outsideToo costly to hire from outside1234565LABOUR DEMAND in what jobs to implement organizational strategies and attain organizational objectives.How many people need to be working Involves forecasting HR needs based on organizational objectivesInvolves consideration of alternative ways of organizing jobs (job design, organizational design or staffing jobs)LABOUR DEMAND FORECAST MethodAdvantagesDisadvantagesDelphi FuturisticNo face to face meeting Ignore subjective data Time consuming Nominal group techniqueGroup exchanges facilitate plansIgnore subjective data

MarkovData Driven Need adequate historical dataRegressionData driven , actuarial ,learning curve essential Large & representative sample Trend AnalysisBusiness knowledge, futuristic, actuarialMany assumptions Internal supply : Skill inventory, replacement charts, markov analysis , Succession planning External supply- Job analysis , yield ratio, time lapse data Labour Supply AnalysisDEMAND FORECASTINGSUPPLY FORECASTINGDetermine organizational objectivesDemand forecast for each objectiveAggregate demand forecastDoes aggregate supply meetaggregatedemand?Go to feasibility analysis stepsChoose human resource programsExternal programs Recruiting External selectionExecutive exchangeInternal programsPromotionTransferCareer planningTrainingTurnover controlInternal supply forecastExternal supply forecastAggregate supply forecastNoYesDepends on degree of environmental uncertainty

Factors creating uncertainty (shortening time frame)many new competitors, changes in technology, changes in social, political and economic climate, unstable product demandFactors promoting stability (longer time frame)strong competitive position, slowly developing technology, stable product demand. Key considerations