Human Resource Flow

• Human resource flow

  1. HR life cycle of employees from recruitment to leading the organization

  2. Effective management of the human resource flow enables the business to meet its HR objectives

  3. Phase zero: Human resource plan is a strategic document outlining the management of the organization's workforce including recruitment, training, redeployment, and redundancy to ensure having the right people with the right skills in the right place at the right time at the right cost
• Recruitment

  1. Cost of finding, attracting, and employing staff

  2. Includes job analysis, interviewing, shortlisting, and using appropriate types of contracts

  3. Most likely to happen in the growth stage of the product lifecycle
• Training

  1. Upskilling employees with knowledge and skills to perform their job effectively

  2. Can be on-the-job or off-the-job training, induction training, or industry regulation awareness

  3. Likely to happen in the introduction and growth stages of the product life cycle
• Redeployment

  1. Transfer of employees from one role or department to another to retain talent and improve workforce efficiency

  2. Likely to happen during times of change, restructuring, more in the maturity or decline phase of the product life cycle
• Redundancy

  1. Process of terminating an employee's contract to reduce the workforce size and organization's capacity

  2. Most likely to happen in the decline phase of the product life cycle