Page 48 - DMGT406_HUMAN_RESOURCE_MANAGEMENT

Unit 2: Human Resource Planning

Rightsizing: Rightsizing is about reordering the important and changing priorities of complex Notes
business.
SWOT Analysis: It examines the Strengths and Weaknesses of the organization internally and
opportunities and threats externally.
Technology: Refers to how an organization transforms its inputs into outputs.
TQM: A way of creating an organizational culture committed to the continuous improvement of
skills, teamwork, processes, product and service quality and customer satisfaction.

Number of separations during one year
Turnover Rate =
Average number of employees during the year
Turnover Rate: Turnover is defined as the number of people leaving the organization in a given
period of time, usually one year. The turnover rate can be expressed by a number of different
formulas.
Utilization: In this final stage of HRP process, success is measured in terms of achievement
trend, both quantitatively and qualitatively.

2.9 Review Questions

1. What is Human resource planning?
2. What is the need of having HRP?

3. Write down the HRP process stages.
4. Explain the reasons for the growing interest in HRP in recent years.
5. Outline the steps involved in the Human Resource Planning process, if you have to do
HRP.
6. Define Strategic HRP.
7. What are the factors which effects HRM?
8. What is meant by diversity, and what are the major reasons that have made it a challenge
for today's organizations?
9. Define HRIS. Explain its objectives and functions.
10. How will you design and develop a human resource information system in an industrial
organization?
11. Take an example of an IT firm and show the importance of HRP there.
12. Suppose you are going to HR plan, what objectives would you consider?
13. How can you say that the role of the human resource function is two-fold?

14. How will you make differences between planning and forecasting?
15. What is the significance of rightsizing the enterprise?

Answers: Self Assessment

1. (iii) 2. (ii)
3. (v) 4. (i)

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