“A Process for determining and assuring that the organization willhave an adequate numbering qualified persons, available at the propertime, performing jobs which meet the needs of the enterprise andprovides satisfaction for individual for individuals involved.”(Dales S. Beach)
HR System: The principal elements of HRP are human resources forecast.Human resource forecast:It is a process of determining the demand and supply of people.Demand is a process of assessing future requirement to meet theobjectives. Demand of people with specific knowledge and skills forshort period (1 year), intermediate period (2-4 years) or long period (5years or more) is derived from step 1 of HR planning. The first step of HR Planning process-Goals and plans of organizationprovides information with data on such factors as:
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Projected dollar vol. of sale
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Units to be product
No. of clients to be services.
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New facilities to be constructed.
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New functional dept to be created. Judgment & Experience:It includes:1.Estimates made by individual hire managers, supervisors andsenior managers (corporate estimates) regarding various units of business, judgmentally converting information on short-termactivates like units to be produces client to be served and projectsto be completed, are converted into numbers and types of peopleneeded,2.Rules of thumbs and decision rules are also subsets of thiscategory.3.Developing techniques is a systematic way of obtaining andrefining judgment by a group of export.
SWOT:
Strengths:
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Tetra Pak Limited is a public limited company listed in the stockexchanges of Lahore, Karachi and Islamabad.
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Tetra Pak has backward linkages. It has its own paper & Board Mill,which is producing all types of package material.
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The company has the capacity to produce the complete range of packaging and have operation on a vary large scale. None of itscompetitors has so wider operations and so deep range of tetraPak.
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It is having the