1. Human Resource Planning
Systematic process of matching internal and external supply of people with job openings anticipated in the organization over a specified period of time

2. Human Resource Planning Process External Environment Internal Environment
Strategic Planning
Human Resource Planning
Forecasting Human Resource Requirements
Comparing Requirements and Availability
Forecasting Human Resource Availability
Demand = Supply
Surplus of Workers
Shortage of Workers
Restricted Hiring, Reduced Hours, Early Retirement, Layoffs, Downsizing
Recruitment
No Action
Selection

3. Definitions
Requirements forecast - Determining number, skill, and location of employees organization will need at future dates in order to meet goals
Availability forecast - Determination of whether firm will be able to secure employees with necessary skills, and from what sources

4. Forecasting Human Resource Requirements
Zero-based forecasting - Uses current level as starting point for determining future staffing needs
Bottom-up approach - Each level of organization, starting with lowest, forecasts its requirements to provide aggregate of employment needs.

5. Forecasting Human Resource Requirements (Cont.)
Relationship between Volume of Sales and Number of Workers Required
Simulation Models - Simulation is a forecasting technique for experimenting with real-world situation through mathematical model representing that situation. A model is abstraction of the real world.