Tesco Hrpp

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Human resource planning is the development of strategies for matching the size and skills of the workforce to organizational needs. It assists organizations to recruit, retain, and optimize the deployment of the personnel needed to meet business objectives and to respond to changes in the external environment. The process involves carrying out a skills analysis of the existing workforce, devising manpower forecasting, and taking action to ensure that supply meets demand. This may include the development of training and retraining strategies. As companies reorganize to gain competitive edge, human resources play a key role in helping companies deal with a fast-changing competitive environment. To be more precise, human resource planning includes gathering data that can be used to evaluate the effectiveness of ongoing programs and inform the organization when revisions in their forecasts and programs are needed. In fact, the term human resource planning has earned greater importance in the recent year when globalization, new technologies, economic condition and a changing workforce seem particularly important. The following Diagram shows the overall snapshot of Human Resource Planning Process: FORCASTING DEMAND

FORCASTING DEMAND
Recruitment
(Shortage)

* Full time
* Part time
Recruitment
(Shortage)

* Full time
* Part time
Reduction
(Surplus)

* Layoff
* Terminatin
* demotions
Reduction
(Surplus)

* Layoff
* Terminatin
* demotions
FORCASTING SUPPLY
FORCASTING SUPPLY
External Considerations:
* Demographic Changes
* Education of the work force
* Labor mobility
* Government policies
* Unemployment rate
External Considerations:
* Demographic Changes
* Education of the work force
* Labor mobility
* Government policies
* Unemployment rate
Techniques:
* Staffing Tables
* Markov Analysis
* Skills inventory
* Management inventories
* Replacement charts
* Succession planning
Techniques:
* Staffing Tables
* Markov Analysis
* Skills inventory
* Management inventories
* Replacement charts
* Succession planning
Techniques:
* Trend Analysis
* Managerial Estimates
* Delphi Technique
Techniques:
* Trend Analysis
* Managerial Estimates
* Delphi Technique
Considerations:
* Product/Service demand
* Technology
* Financial resources
* Absenteeism/Turnover
* Organization Growth
* Management Philosophy
Considerations:
* Product/Service demand
* Technology
* Financial resources
* Absenteeism/Turnover
* Organization Growth
* Management Philosophy

Balancing Supply & Demand
Balancing Supply & Demand

Forecasting Demand:
Considerations:
* Product/Service demand
* Technology
* Financial resources
* Absenteeism/Turnover
* Organization Growth
* Management Philosophy
Considerations:
* Product/Service demand
* Technology
* Financial resources
* Absenteeism/Turnover
* Organization Growth
* Management Philosophy
Demand refers to the number and characteristics (skills, characteristics, abilities and pay level) of people needed for particular jobs at a given point in time and at particular place. In fact, demand forecasting determines how many people need to be working and in what jobs to implement organizational strategies and attain firm objective.

FORCASTING DEMAND
FORCASTING DEMAND

Considerations:
Product/Service demand:
Every human being takes the decision to buy or purchase a product/service after feeling the demand for that in his/her mind. Demand levels vary along a continuum from negative demand that leads to avoidance to excess demand that outpaces supply. According to economic expression demand can be explained in a different manner. Here, demand is the desire and ability to pay for goods and services. In a word, the essence of demand is the willingness to...
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