STRATEGY

Course Objective
This course is designed to expose students to current knowledge related to the
best practices in human resource management.

Course Outcome
An understanding of the major issues currently facing human resource
management professionals

Knowledge of conducting the day-to-day activities required to effectively manage

human resources in organizations

An understanding of issues related to individual career management as well as

those associated with HRM systems and practices.

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 IMPORTANCE OF HRP

• Reservoir of talent
• Prepare people for future
• Expand or contact
• Cut cost
• Succession planning
• Proactive
Environment…
 Forecasting the demand for Human Resource
1. External Challenges
 Economic development
 Political, legal, social and technical changes
 Competition
2. Organizational decisions
3. Workforce factors
4. Forecasting techniques
 Judgmental methods
 Trend analysis
 Mathematical models
 Computer models
 Workforce analysis
 Workload analysis
 Job analysis
 Forecasting the Supply for Human Resource

1. Internal Labour Supply

2. Forecasting Techniques
a. Staffing table
b. Markow analysis
c. Skill Inventory
d. Replacing chart

3. External Labour supply

 HR Plans
• Recruitment plan
• Redeployment plan
• Redundancy plan
• Training plan
• Productivity plan
• Retention plan
• Control Points
 FAQs
• What is meant by Human Resource Planning?
• Why Human Resource Planning is important
in organizations?
• What is the process to be followed in human
resource planning?
Thanks