Human Resource Planning Goldman sachs
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- Goldman Sachs is ranked 4th amongst the best companies to work for and is one of the world's top investment banking firms, with human capital being its biggest asset. It operates in 15 countries and has around 45,000 employees. - The document discusses Goldman Sachs' human resource planning process, including forecasting demand and supply, recruitment methods, selection processes, and evaluating recruitment sources. - The planning process involves forecasting needs over different phases of the year, developing candidate pools both internally and externally, and putting candidates through rigorous interview and selection rounds tailored to different role levels.
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Human resource planning is the process of systematically identifying an organization's future human resource needs and developing activities to meet those needs. It involves forecasting human resource requirements, determining availability, and developing HR programs to address any gaps. The goal is to ensure the right number and type of people are available at the right time to accomplish organizational goals. Key aspects of HR planning include assessing future needs, optimizing current resource utilization, developing training programs, and shaping future strategies.
Human resource plg
Gives insight of Major aspects of Human Resource Planning to include meaning,Objectives,Importance and the process of HR planning
Human Resource Management
This document discusses various topics related to human resource management. It begins by providing guidance on creating a dummy company and organizational structure. It then discusses the roles and responsibilities of HR managers and competencies needed. Several trends impacting HRM are outlined, including globalization, technological changes, and demographic shifts. The document also covers human resource planning, recruitment, selection, training, performance management, and strategic HRM. A variety of performance appraisal techniques are presented, such as graphic rating, forced distribution, and critical incident methods.
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Human Resource Planning Goldman sachs
- 1. • Ranked 4 amongst 119 best companies to work for. (Source- Business Week Bureau) • One of world’s top Investment Banking Firm • Human Capital Management is the form’s biggest asset • Operations around 15 countries with employees around 45000 • Human capital appreciation at 5% Introduction HR Planning of GOLDMAN SACHS
- 2. Portfolio Management Derivatives Asset Management Equity TOAL Forecast Process= 5 Demand=7 Supply= 5 Required +2 OPERATIONS Human Resource Planning Talent Recruitment Methods Selection Process Evaluating Recruitment Source Process of forecasting Demand and Supply Process= 7 Demand= 12 Supply= 8 Required +4 Process= 2 Demand= 3 Supply= 4 Reduce -1 Process= 9 Demand= 6 Supply= 6 No Effect Demand= 28 Supply= 23 Required = +5
- 3. PHASE 1 (January-March) Requirement- Analyst / 3 numbers Source- External (Campus) Source: Internal Job Postings, Executive search engines, consultancies Human Resource Planning Talent Recruitment Methods Selection Process Evaluating Recruitment Source Developing a pool of candidates who are interested in working PHASE 2 (April- May) Requirement- Team Lead/ 1 number Source- Internal (Job Postings) Requirement- Department Manager/ 1 number Source- External (Executive Search Firm) 5 personnel 3 Analyst + 1 Team Lead + 1 Department Manager
- 4. Human Resource Planning Talent Recruitment Methods Selection Process Evaluating Recruitment Source Identifying the best candidate from a pool of candidates 1. ANALYST Selection- Every recruited analyst goes through the below set of interview levels. • Aptitude test • Technical Round • HR interview • Job knowledge interview 2. TEAM LEAD Selection • Internal Source of selection • Nominated by the Team Manager • 1-2 rounds of interview to test the process knowledge 3. DEPARTMENT MANAGER Selection • External Source of selection • Lateral higher with experience greater than 5 years • Rigorous and intensive selection rounds • 10 rounds of interview
- 5. Human Resource Planning Talent Recruitment Methods Selection Process Evaluating Recruitment Source Numerically understanding how effective was the recruitment source which we had selected. Campus Consultant Agency Resume Generated 60 15 Resume Selected 35 5 YR 58% 33% Acceptable Applicants 10 3 YR 29% 60% Accept Offer 3 1 YR 30% 33% Cumulative YR 5% 7% 1. YIELD RATIO Campus Consultant Agency Cost Incurred 50,000 100,000 People Hired 3 1 Cost Per Hire 16,667 100,000 2. COST PER HIRE