1. Lecture 5: Human Resource Forecasting and Planning

2. Forecasting Involves 2 Activities: 1) Monitoring current HR programs and personnel staffing levels 2) Investigating future HR needs and concerns

3. The Goal of HR Planning n The goal of forecasting and planning is to keep a stable workforce that meets the needs of the organization.

4. Things to consider when Planning and Forecasting Human Resource Needs n Workforce Composition and Capabilities n Employee Inventory and the HRIS n Employee Succession Chart uAn Organizational Chart with Names

5. Things to consider when Planning and forecasting Human Resource Needs... n Information from Top Executives-- mission statement, strategy, etc. n Financial, Sales and Production goals and objectives n Anticipated organizational changes

6. Things to consider when Planning and forecasting Human Resource Needs... n Unit-employee Forecast uThe number of employees required in various positions over the next two years. uEstimated yearly attrition in various positions. uTotal employees needed.

7. External Influences a) Local supply of labor b) Unemployment trends c) Economic conditions d) Activities of competition and clients e) Educational and Skill trends f) Changes in labor force

8. End Result.... n The end result of the HR planning effort is a 1 to 3 year plan. This plan addresses staffing levels, training and development needs and resources required. n This plan provides the critical information needed for the Recruiting effort.

9. Any Questions???

10. CASE: Professional Leasing Services, Inc. n Identify the advantages and disadvantages of leasing arrangements to clients, the leasing company and those employed. or

11. CASE: Professional Leasing Services, Inc. (A) n Advantages and Disadvantages for Clients?

12. CASE: Professional Leasing Services, Inc. (A) n Advantages and Disadvantages for the leasing company?