Lecture 5: Human Resource Forecasting and Planning

Forecasting Involves 2 Activities:

1) Monitoring current HR programs and personnel staffing levels

2) Investigating future HR needs and concerns

The Goal of HR Planning

The goal of forecasting and planning is to keep a stable workforce that meets the needs of the organization.

Things to consider when Planning and Forecasting Human Resource Needs

Workforce Composition and Capabilities

Employee Inventory and the HRIS

Employee Succession ChartAn Organizational Chart with Names

Things to consider when Planning and forecasting Human Resource Needs...

Information from Top Executives--mission statement, strategy, etc.

Financial, Sales and Production goals and objectives

Anticipated organizational changes

Things to consider when Planning and forecasting Human Resource Needs...

Unit-employee ForecastThe number of employees

required in various positions over the next two years.

Estimated yearly attrition in various positions.

Total employees needed.

External Influences

a) Local supply of labor

b) Unemployment trends

c) Economic conditions

d) Activities of competition and clients

e) Educational and Skill trends

f) Changes in labor force

End Result....

The end result of the HR planning effort is a 1 to 3 year plan. This plan addresses staffing levels, training and development needs and resources required.

This plan provides the critical information needed for the Recruiting effort.

Any Questions???

CASE: Professional Leasing Services, Inc.

Identify the advantages and disadvantages of leasing arrangements to clients, the leasing company and those employed.

or

CASE: Professional Leasing Services, Inc. (A)

Advantages and Disadvantages for Clients?

CASE: Professional Leasing Services, Inc. (A)

Advantages and Disadvantages for the leasing company?