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Hrp
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Human Resource Planning
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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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Forecasting Demand for
Employees Forecasting Demand Quantitative Methods Qualitative Methods
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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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Hypothetical Markov Analysis
for a Retail Company
20.
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An Executive Replacement
Chart
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