“In most cases, being a good boss means hiring talented people and then getting out of their way.” – Tina Fey

Strategic Planning And The Human Resource Planning Process

Strategic planning

• Top management determines overall organizational purposes and objectives and how they are to be achieved.

Human resource planning (HRP)

• Systematically reviewing human resource requirements

Benefits of HR Planning:

• Job assignments, fluctuations in staffing, ,recruiting needs,

Statistical approaches:

• Trend analysis, Ratio analysis, Regression analysis ,

Judgmental methods:

• Managerial judgment

Forecasting Involves Two Activities:

• Monitoring and Investigating

Forecasting Human Resource Requirements

1. Zero-Base Forecasting

2. Bottom-Up Approach

3. Use Of Mathematical Models

4. Simulation

5. Forecasting Human Resource Availability

Forecasting Human Resource Availability

• Determining whether the firm will be able to secure employees with the necessary skills and from what sources

• These individuals may be obtained is called an availability forecast.

Surplus of Employees Forecasted