HR- planning
What is human Resource management
Its about poeple, employees. HRM views people as assets rather than costs. A key element of organisational performance.
Why seek to build trust
Team success, Maximising team potential, strong team unity, enhances a managers abilty to develop their employees
HR planning
process that identifies the number of employees a company needs in terms of quality and quantity.
Process of aligning HR with its strategic goals and objectives.
Forecasting an org. future workforce needs.
Aim is to ensure org has the right poeple with the right skills.
How is HR planning approached
2 ways: -Analysis of existing HR skills
-Analysis of current Business Environtment
Demand analysis
1. Management estimates - Individual managers estimate for HR
2. Ratio analysis - 1 supervisor for 10 employees, therefore 10 new employees = 1 supervisor
Supply
A. what quantity will be available
B. what quality
we have to analyze labour market: unemployment trends, skills, etc
But we cannot be certian e.g. Covid19
What affects supply
Labour wastage, demographics, education and skill, economic conditions, tech advancements.
Potential supply
Unemployment data, Competitor analysis, Data analytics, HR info systems
Employee turnover
total number of workers who leave a company over a certain time period
Absenteeism
reducing supply of employees.
Its regurarly staying away from work without good reason.
Reasons: personal issues, stress, workload, poor work-life balance...
HR planning stages
1. Analyse current situation
2. Forecast future demand/supply of staff
3. Develop plans aligning current state with future needs
4. Implement plans
5. Control and review
Advantages of HR planning
reduces of costs, reduces risks of staff and skill shortage, improves overall business planning, having back-up plans