Please enable JavaScript.
Coggle requires JavaScript to display documents.
Human Resource Planning - Coggle Diagram
Human Resource Planning
Definition
Continuous systematic process
4 key functions
Forecasting labour demand
Balancing projected labour demand with supply
Analysing present labour supply
Supporting Organisational goals
Planning ahead to meet company's HR requirements
To meet organisational goals as well
Individuals Responsible
Human Resource Department
Summarise manpower data
Plan and set objectives
Provide proper research base of manpower and planning
Top Level Executives
Ensure plan align with organisational goals
Review plan by HR department
Manager
Provide data on staff situation
To aid HR Department
Recruiter
Carry out recruitment
Follow recruitment strategies
Importance/Benefits
Expansion and diversification plans
Helps cope with Employee Turnover
Foundation of other HRM functions
Having highly talented manpower
Assessing future personnel needs
Reduce Spending on Human Resource
Ensuring the right people are being hired
Recruitment Strategies
Big 5 Personality Test Model
Test to measure one personality/characteristics
Help evaluate most suitable candidates
Done through measure 5 factors
Agreeableness
Natural Reactions (Emotional Stability)
Extraversion
Conscientiousness
Openness
Employee Referrals
Referred hires have better performance
Most efficient and successful strategy
Challenges
Uncertainties
Rapidly changing working landscape
Technological changes and market fluctuations
Lack of Support
Employees may feel their workload may increase
No support from management as well
Planning may cause retrenchment
The results comes in slowly and maybe hard at first
Inaccuracy
Predictions cannot be made accurately
The longer the time period the greater inaccuracy
Procedure
2) Forecast HR requirements
3) Develop Talent Strategies
1) Assess current HR Capacity Available
4) Review and Evaluate