Human Resource Planning Recruitment - 7002 Words

Human Resource Planning Recruitment Chapter Summary This chapter describes the process an organization uses to plan and recruit so that there will be adequate human resources. The steps described are linking business strategies to future needs, forecasting labor demand and supply, determining in what positions there will exist a labor shortage or surplus, setting goals regarding future human resource needs, and identifying strategies to solve the problems of shortages and/or surpluses. The ability to recruit successfully is described as depending upon personnel policies such as job posting (an internal strategy), level of pay in comparison to the market, and the extent of job security. The chapter describes sources for†¦show more content†¦2. Determining Labor Supply a. Internal labor supply is determined by a detailed analysis of how many people are currently in various job categories, modified to reflect changes in the near future caused by retirements, promotions, transfers, voluntary turnovers, or terminations. This is done by historical, statistical models such as the transitional matrix, which is a table used to project internal labor supply. The matrix shows the proportion or number, of employees in different job categories at different times and how people move from one job to another in the organization and how many people enter and leave the organization (text Table 5.1 and TM 5.2). This method is best combined with judgmental methods. 3. Determining Labor Surplus or Shortage—By comparing forecasts for labor supply and demand for specific jobs, the organization can determine what it needs to do. | | |A related reading from Dushkin’s | |Annual Editions: Human Resources 99/00: | |(â€Å"Is Anybody Out There† by Alex Markels | Example: Japan’s Matsushita Corporation has reaped benefits from HRP. The price of Japanese yen is a strong indicator forShow MoreRelatedHuman Resources Planning, Recruitment, And Selection Essay2234 Words   |  9 Pagesof senior leadership and the Human Resources Managers to take care of their employees and ensure that they are being treated with dignity and respect. HRM must take into consideration the Equal Employment Opportunity (EEO) and Affirmative Action in order to protect employees from discrimination. HRM must consider human resources planning, recruitment, and selection when matching the right candidate with the right position. HRM must find ways of providing human resources development to ensure employeesRead MoreThe Role Of Human Resource Planning : Selection And Recruitment789 Words   |  4 PagesTraditional People Resourcing (Selection and Recruitment) In today’s modern working world, companies have increasingly become more competitive in its people resourcing techniques (Delaney Huselid, 1996; Ordiz Fernà ¡ndez, 2005). Over the last decade, leadership teams have shifted its approach and therefore, invested significant time and resources on Human Resource Management (Boselie et al., 2005; Cassell et al., 2002). The role of Human Resources has now become a key integral business functionRead More: the basic functions of Human Resource Management: planning and forecasting human resource requirements, recruitment and selection, appraisal, evaluation and employee motivation. UOP: MGT 4311823 Words   |  8 Pagesanalysis of the Human Resource Management (HRM) function. 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