EXPLAIN STRATEGIC HUMAN RESOURCE PLANNING Human resource planning determines the HR required by the organization to achieve its strategic goals.HRP is a decision making process which includes 3 important activities such as; • Identifying and acquiring right number of people with proper skills • Motivating them for high performance • Creating interactive links between business objectives and people planning activities SHRP addresses qualitative and quantitative HR requirements and focuses on
Premium Strategic management Human resources Labour economics
1. 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. In respect to Strategic Human Resource Planning‚ derived demand applies specifically to labor. The demand for labor is derived from the demand for the goods and services that labor is used to produce. The demand for labor is also influenced by the level of economic activity
Premium Economics Employment Human resources
Overtime B. New external hires C. Temporary workers D. Outsourcing Answer: B. New external Hires HRM Overview Three methods to assess whether HRM matters The “resource-based view” of the firm What are some kinds of “resources”? What is a competitive advantage? What factors contribute to making resources valuable and that‚ in turn‚ give companies a competitive advantage? Study of 968 firms regarding their HRM practices conducted by Huselid (1995)‚ Know the results - specific
Premium Human resource management Employment Supply and demand
Case: Yahoo Manages Its Human Resources I. Problem: How to Yahoo could select the right person for the right job? What kind of employees does Yahoo want to hire? II. Point of View: Consultant III. Objectives: 1. To be able to help Yahoo in managing its human resources in selecting the right person for the appropriate position. 2. To be able to assist and eliminate human resource problems at Yahoo especially in job descriptions/hiring and job discrepancies. IV. Areas of Consideration "h Internal
Premium Human resources Employment
24-01-2008 Letter of Transmittal GIFT University Gujranwala‚ Pakistan January‚ 09‚ 2008 Mr. Sohail Islam GIFT University Gujranwala‚ Pakistan Dear Sir‚ The report is focused on evaluating the effectiveness of Human Resource Department of any multinational Company. We chose Haier for this purpose. We are very thankful to you that you gave us the opportunity to work on such topic‚ which really made us aware of a lot of hidden facts about the practical HR
Premium Haier Human resources
paper examines the talent and reward management aspect of human resource management in KFC and discusses whether the existing policies are helpful in achieving organisational goals. This report draws an extensive research about the various human resources policies that are practiced and implemented at KFC‚ Australia. It highlights the competitive advantage that KFC garners over its competition because of the existence of these human resource policies. Further‚ there has been an attempt to make recommendations
Premium Human resource management
Assignment On Managing Human Resources Task | Table of contents | Page | Introduction | 04 | Task 01 | 1.1 Explain Guest’s model of HRM as applicable to the above company. | 05 | | 1.2 Compare the differences between Storey’s definitions of HRM‚ personnel and IR practices in the above context. | 05 | | 1.3 Assess the implications for line managers and employees of developing a strategic approach to HRM in a company like Unilever. | 06 | Task 02 | 2.1 Explain
Premium Human resource management Employment Discrimination
ancient Greece‚ India or china. The philosophy of managing human being‚ as a concept was found developed in ancient literatures in general and in Indian philosophy in particular. Personnel functions: Till 1930s‚ it was not felt necessary to have a separate discipline of management called “Personnel management”. In fact‚ this job was assigned as part of the factory manager. Adam Smith’s concept of factory was that it consists of three resources‚ land‚ labour and capital. This factory manager is expected
Premium Human resource management
000 days. The decline in strike activity over recent years sparks a heated argument that conflict between employers and workers is no longer a significant feature of current human resource management. This article will also discuss this topic and find out if the conflict is still the significant feature of current human resource management. Stroh‚ Northcraft & Neale (2003) defined that conflict is the opposition interaction within or between interdependent individuals or entities when the goals
Premium Trade union Human resource management Conflict
Managing Human Resources Contents Introduction 1 Task 1 1 1.1 The Guest’s model of Human Resource Management 1 1.2 The differences between Story’s definitions of HRM‚ personnel and Industrial Relations (IR) practices: 3 1.3 The implications of developing a strategic approach to HRM for line managers and employees in organizations 5 Task2 6 2.1 A model of flexibility is applied in my organization 6 2.2 The types of flexibility developed in my organization 7 2.3 The use of flexible
Premium Human resource management