Thursday, December 26, 2019

Human Resource Planning Assignment - 1359 Words

Business Management and Psychology [pic] Module: Human Resources Assignment: Discuss how Human Resource Planning contributes to effective Human Resource Management Date: 21st December 2011 Student: Laura Doyle Lecturer: Michelle Flannery Introduction In the following text, the process of Human Resource Planning will be defined and described in detail. We will see the importance of Human Resource Planning and the essential role it plays in ensuring successful Human Resource Management. Human Resource Management (HRM) Human Resource Management (HRM) has become an important management technique within many organisations around the world. However, there is yet to be a†¦show more content†¦Either a qualitative or quantitative approach may be used. Qualitative Vs Quantitative Methods. Qualitative analysis strives to gain an understanding of underlying reasons and motivations of employees. (Employee surveys, encouraging employee feedback and documenting it.) Data produced tends to be stated in prose or textual forms. Quantitative analysis involves the collection of numerical / statistical data and risk analysis. Results are then generalised allowing an organisation to assess their demand for labour and it’s availability for the future. â€Å"However, quantitative methods would not take into account reasons for employees leaving and therefore proving its limitation’s in its application to HR Planning† (Michelle Flannery 2011:5 HR Planning). There is a third approach to define Human Resource Planning whereby we predict the organisations future requirements that takes both the qualitative methods of human resource planning and the quantitative methods of manpower planning into consideration. This is known as the â€Å"Soft† and â€Å"Hard† Soft and Hard Approach These elements are defined as both the Soft and Hard methods of Human Resource planning as summarised by Tansley (1999:41). Soft HR Planning is defined by the following characteristics: âž ¢ Major emphasis on indirectShow MoreRelatedHuman Resources Planning Assignment 1 Essay2632 Words   |  11 PagesIndividual Assignment 1 1. Define and explain the significance of the term ‘derived demand’ as it applies to Strategic Human Resources Planning. (5 marks) Derived demand is the demand for a product/services occurs as a result of a demand for another immediate good or service. When apply this concept on labour demand, the more a companys product or service the market wants, the higher the demand for labour to involve in the production process. The essence of strategic human resources planningRead MoreEssay about Human Resource Planning Assignment1091 Words   |  5 Pages1. Define and explain the significance of the term ‘derived demand’ as it applies to Strategic Human Resources Planning. (5 marks) A demand for a commodity, service, etc. which is a consequence of the demand for something else. 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