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HR Planning Ensures Strategic Fit

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Human Resource Planning
Business Strategy INTERNAL FIT HR Philosophy HR Policy HR System HR Practices Company Values Competitive Challenges Environ- ment EXTERNAL FIT Achieving Strategic Fit
Ensuring the Fit between HR and Organisation Strategy ,[object Object],[object Object],[object Object],[object Object]
Strategic Flexibility ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Human Resource Planning (HRP) ,[object Object],[object Object],[object Object],[object Object],[object Object]
HRP and Strategic Planning ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Human Resource Planning Strategic Planning
HR Planning Issues ,[object Object],[object Object],[object Object],[object Object],[object Object]
Major Objectives of HRP ,[object Object],[object Object],[object Object],[object Object]
Types of Planning ,[object Object],[object Object],[object Object],[object Object]
HRP and Environmental Scanning ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Scanning the Internal Environment ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Human Resource Planning Model FORECASTING DEMAND ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],FORECASTING SUPPLY BALANCING SUPPLY AND DEMAND (Shortage) Recruitment Full-time / Part-time ,[object Object],[object Object],[object Object],[object Object],[object Object]
Forecasting Demand for Employees Forecasting Demand Quantitative Methods Qualitative Methods
Quantitative Approach: Trend Analysis ,[object Object],[object Object],[object Object],[object Object],[object Object]
Example of Trend Analysis of HR Demand 1999 Rs. 2,935 8.34 352 2000 Rs. 3,306 10.02 330 2001 Rs. 3,613 11.12 325 2002 Rs. 3,748 11.12 337 2003 Rs. 3,880 12.52 310 2004 Rs. 4,095 12.52 327 2005* Rs. 4,283 12.52 342 2006* Rs. 4,446 12.52 355 BUSINESS LABOR HR FACTOR PROD TY DEMAND YEAR (SALES IN ‘000) (SALES/EMPLOYEE) (NO. OF EMPLOYEES ) *Projected figures ÷ =
Qualitative Approaches to Demand Forecasting ,[object Object],[object Object],[object Object],[object Object],[object Object]
Forecasting Supply of Employees: Internal Labor Supply ,[object Object],[object Object],[object Object],[object Object],[object Object]
Forecasting Internal Labor Supply ,[object Object],[object Object],[object Object],[object Object]
Hypothetical Markov Analysis for a Retail Company
Internal Supply Forecasting Tools ,[object Object],[object Object],[object Object],[object Object]
An Executive Replacement Chart
Forecasting Supply of Employees: External Labor Supply ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Sources of Information About External Labor Markets ,[object Object],[object Object],[object Object],[object Object],[object Object]
HRP Considerations ,[object Object]
Elements of The HR Plan ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Requisites for Successful HRP ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

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HR Planning Ensures Strategic Fit

  • 2. Business Strategy INTERNAL FIT HR Philosophy HR Policy HR System HR Practices Company Values Competitive Challenges Environ- ment EXTERNAL FIT Achieving Strategic Fit
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  • 13. Forecasting Demand for Employees Forecasting Demand Quantitative Methods Qualitative Methods
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  • 15. Example of Trend Analysis of HR Demand 1999 Rs. 2,935 8.34 352 2000 Rs. 3,306 10.02 330 2001 Rs. 3,613 11.12 325 2002 Rs. 3,748 11.12 337 2003 Rs. 3,880 12.52 310 2004 Rs. 4,095 12.52 327 2005* Rs. 4,283 12.52 342 2006* Rs. 4,446 12.52 355 BUSINESS LABOR HR FACTOR PROD TY DEMAND YEAR (SALES IN ‘000) (SALES/EMPLOYEE) (NO. OF EMPLOYEES ) *Projected figures ÷ =
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  • 19. Hypothetical Markov Analysis for a Retail Company
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