Professional Documents
Culture Documents
Success
How organizations assess the future supply of, and demand for, human resources Provides mechanisms to eliminate gaps that may exist between supply and demand Requires readjustment as labor market conditions change
Organisational Growth Cycle and Planning Type and Strategy of Organisation Environmental Uncertainties
HRP
Time Horizons Outsourcing
Situation analysis or environmental scanning Forecasting demand Analysis of the supply Development of action plans
This
How many employees will be needed What kinds of employees will be needed
Techniques
Key
One
or more experts provide the organization with demand estimates based on:
Experience Guesses Intuition Subjective assessments of available economic and labor force indicators
The Delphi technique elicits expert estimates from a number of individuals in an iterative manner
Developed by the Rand Corporation Estimates are revised by each individual based on knowledge of the other individuals estimates
With the nominal group technique (NGT), individual estimates are followed by group brainstorming
The goal is to generate a group decision that is preferred over any individual decision
This
top-down technique:
Develops a forecast based on a past relationship between a factor related to employment and employment itself Example: Sales levels are related to employment needs
This
top-down approach uses the most sophisticated forecasting and modeling techniques
Trend projections relate a single factor, such as sales, to employment Environmental factors could be gross national product or discretionary income Or, the organization may be mathematically modeled so that simulations can be run
Markov
Developing a matrix to show the probability of an employees moving from one position to another or leaving the organization The process begins with an analysis of staffing levels from one period to another
Regression
analysis is a mathematical
procedure:
With
simple linear regression, one dependent and one independent variable are studied
This
is a bottom-up approach
Unit managers analyze current and future needs person-by-person and job-by-job Headquarters totals the unit forecasts The sum is the corporate employment forecast
Skills
Some are as simple as a file drawer of index cards Others involve expensive and complex computer databases
The
only data available to the organization for later use is what was designed into the system
Name Present location Date of employment Professional qualifications Licenses and patents Supervisory evaluations Employee number Date of birth Job classification Publications Hobbies Salary range
Should
or on a computer?
How much does the computer system cost? How frequently the data will be used? A computer allows comparative analysis over time
Skills
inventories are useful only if management uses the data to make significant decisions
Before accessing the data, managers must be trained to avoid abuse of the system
After
the supply of and demand for workers has been analyzed, the two forecasts must be compared
Whenever there is a gap between the two estimates, a course of action must be chosen
If
If
Train and/or promote present employees Recruit less-skilled employees Recall employees who were previously laid off
Organizations
Possible
Attrition Early retirements- VRS Demotions Layoffs Terminations. Hiring freeze retraining
Employees
who are considered surplus are seldom responsible for the conditions leading to the surplus
Adventure Stores Ltd is a Specialty store that imports, manufactures and retails adventure equipment and sports wear in Mumbai. The market is expected to dip sharply in winter, as compared to summer when the holiday season is in full swing. This will result in an excess of about 15 salespersons between October and February. If laid off, these employees would be costly to replace. Each employee receives a month of training (including 1 week in Singapore) regarding the sports equipment and specialized high performance garments. Adventure Stores Ltd has a competitor, Better Buys, who will snap up anyone they lay off and hence the laidoff employees will not be available in March when the demand picks up. Adventure Stores has put together a task force of managers from all areas of the company to suggest solutions to this anticipated staffing dilemma. What ideas can you think of to ensure that the services of skilled employees are available when they are needed year after year. Be creative!