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Human Resource Plannning


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Human Resource Planning

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Human Resource Plannning

  2. 2. Human Resource Planning  The process by which management ensures that it has the right personnel who are capable of completing those tasks that help the organization reach its objectives  The development of strategies for matching the size and skills of the workforce to organizational needs
  3. 3. Advantages of Good HR Planning  The organization will be in the position to compete in the market  Allows to make managements decisions to support the future direction of the organization  Will save organization unnecessary costs  Identifies the strengths & weaknesses of the firm’s workforce
  4. 4. HR Planning Process  Analyzing  Forecasting  Planning Implementing
  5. 5. Analyzing  To analyze the environmental factors that impact on your firm’s labor demand  The labor market policy should be factored in Analyze current trend of the worth of the firm, if growing or not  If there is a need to recruit, how good is the supply, skills required  Context of demand and supply
  6. 6. Forecasting  Subject to certain uncertainties and inaccuracies, which can be minimize through scientific methods  Statistical & judgmental methods  Statistical method needs in-depth research & history of industry  Judgemental methods works with the opinions of operations department
  7. 7. Planning  Internal Supply considerations  Turnover Rate (resignation/dismissal)  Assessment of Internal Labor Supply  Assessment of External Labor Supply  Employing Temporary Workers  Management Successions
  8. 8. Implementation  Strict implementation of plan  Evaluation of results  Success will be gauged on whether the plan was able to avoid a labor shortage or surplus
  9. 9. THANK YOU