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Cards (9)

  • Strategic Human Resource Planning
    Predicts the future HR management needs of the organization after analyzing the organization's current human resources
  • Strategic Human Resource Planning
    1. Assessing the current HR capacity
    2. Forecasting HR requirements
    3. Gap Analysis
    4. Developing HR strategies to support organizational strategies
  • Job Analysis
    Systematic process of determining job duties and responsibilities, its relation to other jobs, skills and knowledge required and working conditions under which it is performed
  • Job Description
    Document that provides information regarding the tasks, duties and responsibilities of the job
  • Job Specification
    Statement which tells minimum acceptable human qualities which helps to perform a job
  • Human Resource Forecasting Techniques
    • Delphi Technique
    • Trend Analysis
    • Ratio Analysis
    • Scatter Plot
    • Computerized Forecast
  • Multinational Corporation (MNC)

    A corporation that has facilities and other assets in at least one country other than its home country
  • Strategic Challenges
    • Organization needs to plan for both the quantity and quality of the workforce over the planning horizon
    • Having sufficient workers with the right qualification is essential to achieve the strategic plan
    • The organization may face a surplus in some parts of the business while facing a shortage in others
  • Technology Challenge
    • The introduction of computers made redundant not only typewriters but also the job of secretary and the lengthy process of creating, editing, and producing written correspondence
    • The line between employees' personal and professional lives becomes blurred as these virtual communities are frequently accessed from the work site