Session 8_Chap05

Session 8_Chap05 - Click to edit Master subtitle style...

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Unformatted text preview: Click to edit Master subtitle style 8/11/11 CHAPTER 4 – Two slides Telecommuting 8/11/11 Advantages and Challenges for 8/11/11 Advantages and Challenges for Employe Click to edit Master subtitle style 8/11/11 Chapter 5 Planning For and Recruiting Human Resources 8/11/11 Discuss human resource planning Examine ways of forecasting demand and supply of labor Examine HR strategies for addressing a labor shortage or surplus Describe recruitment policies and practices used by organizations Learning Objectives 8/11/11 Human resource planning – The process an organization uses to ensure that it has the right amount and the right kind of people to deliver a particular level of output or services in the future. Human resource planning compares the present state of the organization with its goals for the future. Forecasting- attempts to determine the supply and demand for various types of human resources to predict areas within the organization where there will be labor shortages or surpluses. Human Resource Supply and Demand 8/11/11 There are three major steps to forecasting: 1. Forecasting the demand for labor - How many workers the organization will need in the future. 1. Determining labor supply - The availability of workers with the required skills to meet the firm’s labor demand. 1. Determining labor surplus or shortage Forecasting 8/11/11 Step 1: Forecasting the Demand for Labor Trend Analysis – Study of a firm’s past employment needs over a period of years to predict future needs Ratio Analysis - A forecasting technique that involves analyzing and extrapolating the ratio of a dependant variable, such as sales person required, with an independent variable, such as sales Scatter Plots – A graphical method used to help identify the relationship between two variables 8/11/11 Example – Scatter Plot Size of Hospital (Number of Beds) Number of Registered Nurses 200 240 300 260 400 470 500 500 600 620 700 660 800 820 900 860 8/11/11 Using a Scatter Plot to Estimate Relationship between Hospital Size and Number of Nurses 8/11/11...
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This note was uploaded on 08/11/2011 for the course BUSHRM 1050 taught by Professor Florkowski during the Spring '08 term at Pittsburgh.

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Session 8_Chap05 - Click to edit Master subtitle style...

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