Handout on HR Planning

Handout on HR Planning - The Need for Good HR Planning The...

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The Need for Good HR Planning It helps a firm obtain the most qualified personnel …. as and when they are needed HR Planning must serve the company’s strategies at the optimal costs. Principles Practice Planning helps an organization control its HR resources according to its priorities Planning helps an organization to define its goals There are tools and techniques, some are qualitative and some are quantitative The basic approach is supply and demand Human Capital Development Cost Containment
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The Basic Concept of HR Planning The Goal The Plan Now Future The first question in managing a system: “What is it that you want?” A plan needs a base: -- assumptions: You will have the employees to make sure the accomplishment of the new strategy, and beyond You have long-term and short-term plans to acquire and retain the needed employees 1 st assumption -- The company will still be in existence 5 years from now 2 nd assumption -- We will continue to be profitable and develop 3 rd assumption -- Our profitability will enable us to offer competitive compensation to retain and attract staff
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Since HR is a sub system of the business system …. HR plans are components of the Business Strategic Plan Business Strategic Plan HR Planning Surplus The Company’s Strategic Plan is the Master It drives everything The two have to be aligned … and reciprocating
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Evaluate Program Your Book Suggests this HR Planning Process Forecast of Labor Demands Determine HR Goal & Develop a HR Program Implement Program Forecast of Labor Supply Analysis Phase Action Program Phase Feedback Surplus Shortage
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Demand What employees will I need? And, when? Unknown external forces More in the long run What do I need for daily operation? What do I need in 5 years?
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Handout on HR Planning - The Need for Good HR Planning The...

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