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HR Planning Program
HR Planning Program
. to minimize total labour costs within certain constraints Goal programming, e.g. setting multiple goals such as increasing profits by 10% and hiring bilingual salespeople
Competencies defined
A collection of characteristics (i.e. skills, knowledge and selfconcept, traits, behaviour, motivation, etc.), that enables us to successfully complete a given task.
Skills
Knowledge
Self-concept (Attitude)
HR Planning (How?)
We link firms HRM practices to its strategic business needs identified by the strategic planning process HR Planning can be both short term and long term (three or more years) Identify future needs
Demand Forecasting
Demand forecasting involves predicting the number and types of people the org will need at some future point Statistical approaches org predicts the needed workforce size
method
Demand for future human resources predicted on
Demand Forecasting
Ratio Analysis
Student-faculty ratio10,000 students and 500 professors 20:1 faculty student ratio. For every 20 students you have one professor. If enrollment increases by 1,000 students we would need to hire an additional 50 faculty Regression Analysissimilar to both trend and ratio analyses in that forecasts are based on the relationship between business factor and workforce size.
This method is more statistically basedregression analysis scatter diagramDiscuss Figure 3-2 page 68
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