Human Resource Planning - 1429 Words

1. What is Human resource planning? Human resource planning links people management to the organization, mission, vision, goals, and objectives as well as its strategies plan and budgetary resources. A key goals of HRP is to get the right number of people with the right skills, experiences and competencies in the right jobs at the right time at the right cost. 2. What is strategic planning? Strategic planning is the process of taking inputs (information), organizing and making sense of that information, and producing an output (the plan) that covers a long period of time, and maps out the strategies, goals, and objectives for that period of time, that are expected to keep the organization focused, unified, and likely to succeed in†¦show more content†¦d. Organizational Culture – Will influenced the work’s habits of firm’s employees 7. Explain the internal forces that influence the management of HR? The internal force that influences the management of HR is financial and economic environment, current organizational situation, organizational strategy and culture of the organization. 8. What is HR forecasting? Explain An effective HRP will require forecasting. Forecasting will use information from the past and present to identify expected future condition. The information gathered from external environmental scanning and assessment of internal strength and weakness used to predict or forecast HR supply and demand in light of organizational objectives and its strategies. 9. What are the factors that can affect the demand for labour? The working of the labour market affects us all because the vast majority of people at some point during their working lives will be active participants in the labour market. The demand for labour comes from the employer. We shall start with this side of the market. The demand for labour, there is normally an inverse relationship between the demand for labour and the wage rate that a business needs to pay for each additional worker employed. If the wage rate is high, it is more costly to hire extra employees. When wages are lower, labour becomesShow MoreRelatedHuman Resources Planning And Human Resource Planning1603 Words   |  7 PagesHuman resource handle administrative functions in an organisation and Human resource planning expand strategies for relating the skills and size of manpower to enterprise needs. In simple words the planning system makes recruitment, gives training and restructures the staff requirement to meet the organisational goals and changes within the environme nt. Human resource planning is a paramount component of Human resource management. B.J Smith (1992) describes that Human resource planning is the legalRead MoreHuman Resources Planning : Human Resource Planning Essay1436 Words   |  6 Pages Human Resource planning Name: Institution: Human Resource planning I am Juanita Espinosa, a young professional practising the human resource profession in an administrative capacity for the first time. The organisation that I am working with now is a non- profit one whose mission is to ‘stamp out hunger among the young and elderly in our lifetime.’ I am faced with several challenges at my new posting with the organization at the point of closure. I have the responsibility of identifyingRead MoreHuman Resource Planning : Strategic Human Resources Planning1487 Words   |  6 PagesQuestion #1: Define and explain the significance of the term ‘derived demand’ as it applies to Strategic Human Resources Planning. 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The following points shall be reviewed: • Identification of the different drivers which affect organisational management. • Analysis of the changes in human resource management implementation consequential of the above stated changes. • Explanation of adaptations of the recruitment and selectionRead MoreThe Term Human Resources Planning1128 Words   |  5 PagesDefine and explain the significance of the term ‘derived demand’ as it applies to Strategic Human Resources Planning. (5 marks) Derived demand is defined as a requirement for one product that is created due to the purchase of another product. It occurs for consumers who purchase goods for further production, because their purchases are based on the demand for their final product.[1] For example, when the demand for automobiles is high, the derived demand for steel, and all other products used to