The Importance Of Workforce Planning

1178 Words3 Pages
bulb-icon

Recommended: Human resource management

Introduction:
Human resource management refers to the management of people inside the organization. The basic role of the HRM is to design the benefits of the employee, recruiting and retaining employees, providing training and development and rewarding. And as a part from the human resource management activities, there is the workforce planning. Workforce planning gives the framework for shaping the staffing decisions based on the company’s mission, strategic plan and the economic resources.

Question 1:
Workforce planning is a function of HR management and it’s a process of identifying and analyzing the needs of an organization in the terms of the type, size, efficiency and quality of workforce to achieve its specific objectives. This type of planning specifies what knowledge, experience and skills are required and it leads the company to get the right number of suitable people at the right time (Tony Miller, 2014).
Workforce planning is made to inform the company about all current transition and the future effect of the internal and external environment of the organization. This process should be done in every workplace to smooth …show more content…

The outcomes of the appraisal views will support the organization to assess the areas of weakness to be improved, areas of strengths to further strengthen, and future requirements and weak performances would also spotted and corrected. For example, Emery Air Freight, the company was losing $1 million annually because employees on the airport loading docks were shipping small packages separately rather than placing those with the same destination in one container that would be carried at lower rates by air carriers. By establishing a program of a positive consequences and feedback, the nearly $1 million annual loss was

Show More
Related

  • BT's Resource Management

    1461 Words  | 3 Pages

    Before exploring the various answers to the question, I will start by briefly describing the role and purpose of HRM (Human Resources Management) within a firm. HRM is primarily concerned with the human side of management and sees the management team and subordinates as having the same goals. It combines elements of; work psychology, personnel management, employment law, business organisation, training and industrial relations. The HRM team are therefore involved in every aspect of an employees period of employment within the organisation.

    Read More

  • Widgetmaker Case Summary

    622 Words  | 2 Pages

    The HR manager might provide a document that indicted skills that will become outdated, needed training, new hire expectation and new positions that need to be added. Prepare a report of current employee qualified for promotion. Develop a succession plan, so employees will be trained and prepared to move into new roles. Make available p a recruitment plan; in addition to a flexible staffing program that includes contract or freelance workers as well as temporary

    Read More

  • Explain giving examples how Woolworths should go about HR Planning?

    955 Words  | 2 Pages

    Explain giving examples how Woolworths should go about HR Planning? Human Resource Planning (HR) is the identification of the future labour requirements needed by a company and how these are going to be met. It is the process by which a company ensures that it has the right number and kind of people, in the right places at the right time, doing the things for which they are economically most useful. It is a method for determining future human resource requirements and developing action plans to meet them. It is defined as a strategy for the requisition, utilization, improvement and retention of an enterprise’s human resources and it encompasses the subject concerned with the developing range of manpower policies, including those for recruitment, deployment, development and retention.

    Read More

  • Human Resources at Proctor and Gamble

    1821 Words  | 4 Pages

    Human resource management (HRM) encompasses the activities of acquiring, maintaining, and developing the organization's employees (human resources). "The traditional view of these activities focuses on planning for staffing needs, recruiting and selecting of employees, orienting and training staff, appraising their performance, providing compensations and benefits, and making their career movement and development." HRM involves two aspects:...

    Read More

  • Workforce Assessment Paper

    1307 Words  | 3 Pages

    Introduction In the present global environment of business, strategic workforce planning is a must for an organization to grow since it takes care of two critical needs which are: (1) putting into the same plane the organization’s human capital agenda and activities with its existing and evolving mission and goals and (2) evolving long-term strategies for obtaining, improving and keeping staff to attain set goals. Every organization differs in their strategic workforce planning. However, there are five important principles that this activity should address at any context (United States General Accounting Office, 2003): 1.

    Read More

  • The Importance Of HRM

    1484 Words  | 3 Pages

    According to this definition, we can see that human resource management should not merely handle recruitment, pay, and discharging, but also should maximize the use of an organization's human resources in a more strategic level. To describe what the HRM does in the organization, Ulrich, D. & Brocklebank, W. (2005) have outlined some of the HRM roles such as employee advocate, human capital developer, functional expert, strategic partner and HR leader etc.

    Read More

  • Strategic Analysis Of Nordstrom's Strategic Human Resource Management

    967 Words  | 2 Pages

    Strategic workforce planning is the first component of human resources management (HRM) from which all other HR activities are derived from and flow out of. It is based on anticipated HR requirements from the perspective of the present HR environment. This requires a proactive posture, analyzing internal and external factors, to determine the most appropriate responses to future needs. Additionally, when formulating long-term proactive plans, an element of flexibility must be

    Read More

  • Strategic Integration Of Human Resource Management

    976 Words  | 2 Pages

    Human resource management is a strategic and reasonable approach of an organization’s management of its assets and the people working towards the achievement of its objectives.

    Read More

  • Human Resource Management In The Workplace

    796 Words  | 2 Pages

    Human Resource Management (HRM) can be defined as “the set of programs, functions, and activities designed and performed in order to capitalize on both employee as well as organizational effectiveness. It is a management function that helps organization in recruiting, selecting, and training, developing and managing

    Read More

  • Importance Of Strategic Hr Planning

    1108 Words  | 3 Pages

    Strategic HR planning is an important component of strategic HR management. It links HR management directly to the strategic plan of your organization. Most mid- to large sized organizations have a strategic plan that guides them in successfully meeting their missions. Organizations routinely complete financial plans to ensure they achieve organizational goals and while workforce plans are not as common, they are just as important.

    Read More

  • History Of Human Resource Management

    1796 Words  | 4 Pages

    Human Resource Management (HRM) is fundamentally another name for personnel management. It is the process of making sure the employees are as creative as they can be. HRM is a way of grouping the range of activities associated with managing people that are variously categorised under employee relations, industrial/labour relations, personnel management and organisational behaviour. Many academic departments where research and teaching in all these areas take place have adopted the title department of human resources management. HRM is a coordinated approach to managing people that seeks to integrate the various personnel activates so that they are compatible with each other. Therefore the key areas of employee resourcing, employee development, employee reward and employee involvement are considered to be interrelated. Policy-making and procedures in one of these areas will have an impact on other areas, therefore human resources management is an approach that takes a holistic view and considers how various areas can be integrated.

    Read More

  • Difference Between Job Design And Job Planning

    1189 Words  | 3 Pages

    Work Design and Workforce Planning are two critically important components to manage the employees of any organization. The manager should have to allocate the jobs which will ensures that employees perform tasks with responsibilities that have the most potential to add a special value to the company. Managers must also engage in workforce planning to make sure that the right people are with right job and in the right place in the company. This factor will help to achieve the goal of any organization.

    Read More

  • Human Resources Planning

    1760 Words  | 4 Pages

    Based on above discussion we may conclude that objective of HR planning is to guarantee availability of the HR needs of the organisation at specified times in the future. Or, Right people in right place at right time. It is a systematic HR process to help the organisation meet its business objectives.

    Read More

  • The Importance of the Human Resource Function

    5236 Words  | 11 Pages

    He also needs to be aware of competition for employees’ i.e. if the company’s employees are increasing the demand for labour or whether labour is available due to redundancies. HR planning is all about getting the right people and developing. to meet the company’s objectives. RECRUITMENT & SELECTION The HR manager needs to know when, why, and how to recruit staff.

    Read More

  • Human Resource Management, Questions and Answers

    1663 Words  | 4 Pages

    Human Resource Management is the title given to define formal systems arranged for the management of people within a company. There are many responsibilities of a human resource manager. These responsibilities usually fall into three major areas: employee compensation, staffing and defining and/or designing work. The purpose of Human Resource Management is to maximize the capacity of a company by bettering its employees. This is unlikely to change in the future even though the pace of business is always changing . Edward L. Gubman said in the Journal of Business Strategy, "the basic mission of human resources will always be to acquire, develop, and retain talent; align the workforce with the business; and be an excellent contributor to the business. Those three challenges will never change."

    Read More

More about The Importance Of Workforce Planning

Open Document