Human Resource Planning -- Outline

I. What is it?

II. Why is it important? III. How is it done? IV. Is it really done?

I. What is it?

I. What is it?
Human resource planning involves getting the right number of qualified people into the right jobs at the right time.

II. Why is it important?

II. Why is it important?

A. Avoid long lag times to fill positions: reservoir of talent B. Prepare people for future thru training C. Expand or contract D. Control manpower costs thru HR budget E. Succession Planning

III. How do you do it?

III. How do you do it?

A. General Comments:
1. It is a process of comparing human resource supply with human resource demand.

III. How do you do it?

A. General Comments:
1. It is a process of comparing human resource supply with human resource demand. It works best when it is tied to:
a. the organizations strategic planning process

2.

III. How do you do it?

A. General Comments:
1. It is a process of comparing human resource supply with human resource demand. It works best when it is tied to:
a. the organizations strategic planning process b. all available forecasts (technological, economic, market, etc.)

2.

III. How do you do it?

A. General Comments:
3. When there are variances, action plans must be formulated, e.g.,
a. for surpluses, will organization use layoffs, retirement incentives, reduced hours, or something else?

III. How do you do it?

A. General Comments:
3. When there are variances, action plans must be formulated, e.g.,
a. for surpluses, will organization use layoffs, retirement incentives, reduced hours, or something else? b. for shortages, will organization use overtime, temporary workers, or recruit new permanent workers?

III. How do you do it?

B. Methods Used for Human Resource Planning:
1. Approaches to forecasting:
a. Qualitative: i. Expert opinions ii. Delphi technique iii. Bottom-up approach

III. How do you do it?

B. Methods Used for Human Resource Planning:
1. Approaches to forecasting:
a. Qualitative: i. Expert opinions ii. Delphi technique iii. Bottom-up approach b. Quantitative (mathematical modeling): i. Regression analysis / Trend analysis ii. Markov analysis

III. How do you do it?

B. Methods Used for Human Resource Planning:
2. Supply Analysis
a. Skills inventories i. Card systems ii. Human Resource Information Systems (HRIS)

III. How do you do it?

B. Methods Used for Human Resource Planning:
2. Supply Analysis
a. Skills inventories i. Card systems ii. Human Resource Information Systems (HRIS) b. Replacement charts / Succession plans

IV. Does anybody really do this stuff?

Implementation of Human Resource Planning HRP techniques actually used:
Replacement charts Skills inventories Computer simulation Time series analysis Markov analysis Delphi technique 84% 51% 10% 5% 4% 3.5%

The Delphi method is a systematic, interactive forecasting method which relies on a panel of experts. The experts answer questionnaires in two or more rounds. After each round, a facilitator provides an anonymous summary of the experts forecasts from the previous round as well as the reasons they provided for their judgments. Thus, experts are encouraged to revise their earlier answers in light of the replies of other members of their panel. It is believed that during this process the range of the answers will decrease and the group will converge towards the "correct" answer. Finally, the process is stopped after a predefined stop criterion (e.g. number of rounds, achievement of consensus, stability of results) and the mean or median scores of the final rounds determine the results.[1]

Regression analysis includes any techniques for modeling and analyzing several variables, when the focus is on the relationship between a dependent variable and one or more independent variables. More specifically, regression analysis helps us understand how the typical value of the dependent variable changes when any one of the independent variables is varied, while the other independent variables are held fixed. Most commonly, regression analysis estimates the conditional expectation of the dependent variable given the independent variables that is, the average value of the dependent variable when the independent variables are held fixed. Less commonly, the focus is on a quantile, or other location parameter of the conditional distribution of the dependent variable given the independent variables. In all cases, the estimation target is a function of the independent variables called the regression function. In regression analysis, it is also of interest to characterize the variation of the dependent variable around the regression function, which can be described by a probability distribution.