Unit 3 Session 6.pptx

Online MBA Semester I ORGANIZATIONAL BEHAVIOUR & HUMAN RESOURCE MANAGEMENT Course Code - (OMBA-103) Unit 3: Human Resource Management Lesson 6 : Human Resource Planning (Part II) Human Resource Management Human Resource Planning Learning objectives: • Revisiting HRP process • Transition from Reac...

Online MBA Semester I ORGANIZATIONAL BEHAVIOUR & HUMAN RESOURCE MANAGEMENT Course Code - (OMBA-103) Unit 3: Human Resource Management Lesson 6 : Human Resource Planning (Part II) Human Resource Management Human Resource Planning Learning objectives: • Revisiting HRP process • Transition from Reactive to Proactive approach • HRP Steps • Factors that have enhanced the need for HRP Human Resource Management Human Resource Planning Human Resource Management Human Resource Planning The Transition from Reactive HRP to Proactive HRP Traditional HRP Reactive Strategic business decisions taken in isolation without considering their HR implications Contemporary HRP Proactive Integration of business planning & HRP. All strategic decisions consider HR issues Changes in business, economic , social, legal, & technological environments Human Resource Management Human Resource Planning Factors that have enhanced the significance of HRP • Competitive business environment • Manufacturing economy to service economy • Technological advancements • Knowledge economy and knowledge workers • Productivity Increases (Surplus, Increase in production) • Labour market changes (Declining birth rate, Shortage of skilled labour) • Government legislations and rules (Regarding unemployment, reservation) Human Resource Management Human Resource Planning Human Resource Management Human Resource Planning How does HR Planning occur? Human Resource Management Human Resource Planning 1. What does the environment look like? 2. What are our future personnel needs? (demand forecast) 3. Are resources available – internally or externally – to fill those needs? 4. What should we do? 5. How did we do? (Evaluation) Human Resource Management Human Resource Planning 1.What does the environment look like? Market research SWOT Human Resource Management Human Resource Planning 2 . What are our future (demand Methods of forecasting demand: a. Qualitative b. Quantitative personnel needs? forecast) Human Resource Management Human Resource Planning Qualitative Methods Judgmental: (subjectivity) i. ii. iii. iv. v. Estimates Rules of Thumb Delphi Technique NGT Brainstorming Human Resource Management Human Resource Planning Human Resource Management Human Resource Planning Human Resource Management Human Resource Planning Quantitative Methods Statistical: (objectivity) i. Regression ii. Ratio Analysis Human Resource Management Human Resource Planning Human Resource Management Human Resource Planning Human Resource Management Human Resource Planning Factors Influencing Human Management and HRP • Political Climate • Economic Climate • Company Strategies • Technological Developments: • Globalization • Mergers & Acquisitions • Downsizing Resource Human Resource Management Human Resource Planning • Impact of Technology • TQM • Benchmarking • Reengineering • Outsourcing and Off shoring • Workforce Diversity • Work Life Balance Online MBA Semester 1 Managerial Economics (OMBA102) All The Best