100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Test bank For HRM Chapter 5 Human Resource Planning, Recruitment and Selection 13th Edition by Hermann Schwind $10.49   Add to cart

Exam (elaborations)

Test bank For HRM Chapter 5 Human Resource Planning, Recruitment and Selection 13th Edition by Hermann Schwind

 12 views  0 purchase
  • Course
  • Human resources management
  • Institution
  • Human Resources Management

Test bank For HRM Chapter 5 Human Resource Planning, Recruitment and Selection 13th Edition by Hermann Schwind

Preview 2 out of 10  pages

  • August 5, 2024
  • 10
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Human resources management
  • Human resources management
avatar-seller
AllLegitExams
Test bank For HRM Chapter 5 Human
Resource Planning, Recruitment and
Selection 13th Edition by Hermann
Schwind


What is HR planning?
process that the people required to run the company are being used as effectively as possible
(both where and when) ->in order to accomplish the organization's goals.

In other words: Manpower planning or employment planning




How is HR planning linked to strategic planning?
Strategic planning: done by line manager -> need to be in line with staffing resources and not
only business objectives

It's important that manager is involved in planning their staffing needs -> cuz it affects employee
recruitment, selection, training, compensation and motivation

Ex: Digitcom Canada hires the BEST people and ensures that they remain through ongoing
training and a culture of respect




Why is HR planning the key to business success in Canada now?
because of changes in the make-up of the workforce + skills required to do the work
-> 33% of workforce in canada are immigrants, 25% are 55 yo+
-> young people start working as contractor or part-time




What is the ultimate goal of HR planning?
to achieve an usable balance between the demand for and supply of employees

, What are the 4 steps of human resource planning?
1. Forecast demand for labour
2. Determine supply of labour (both external and internal)
3. Identify the gap between demand and supply
4. Develop action plans to eliminate the gap: oversupply or shortage




What do you do when you have an oversupply of workers?
- attrition
- leave of absence without pay
- job sharing
- reduced hours




What do you do when you have a shortage of workers?
- hire full time/part time
- lease employees
- use overtime
- retention strategies




What does attrition mean?
it's a natural departure of employees through people quitting, retiring, or dying -> easier and
preferable way to reduce # workers in many companies




What are the 2 processes to identify staffing needs?
Formal process
Informal process




What is informal process of HR planning?
used in small and medium-sized organizations( e.g. clinics) -> hire when workers complain
about having too much work or some tasks are left undone




What is a formal process of HR planning?
where you have to go through the 4 steps of HR planning

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller AllLegitExams. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $10.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

79373 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$10.49
  • (0)
  Add to cart