Ch. 5, HRM

Ch. 5, HRM - Human Resource Management Chapter 5 I. The...

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Human Resource Management Chapter 5 I. The Process of Human Resource Planning A. Organizations need a clear idea o the strengths and weaknesses of their existing labor force and must know what they want to be doing in the future. B. Human Resource Planning compares the present state of the organization with its goals for the future, then identifies what changes it must make in its human resources to meet those goals. C. Forecasting- the first step in human resource planning which attempts to determine the supply of and demand for various types of human resources to predict areas within the organization where there will be labor shortages or surpluses. 1. Trend Analysis - Constructing and applying statistical models that predict labor demand for the next year, given relatively objective statistics from the year before 2. Leading Indicators - Objective measures that accurately predict future labor demand (sometimes measures the economy) 3. Determining the internal labor supply calls for a details analysis of how many
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Ch. 5, HRM - Human Resource Management Chapter 5 I. The...

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