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Human Resource Planning and Development Leads to Success Essay examples

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Human Resource Planning and Development: Human resource development is a concept that has existed even before the 1980s and has played an important role in the success, growth, and development of organizations. The emergence of this concept can be attributed to the establishment of apprenticeship programs in the 18th Century (Werner & DeSimone, 2011, p.5). The significance of human resource development in today’s business environment is attributed to its role in organizational profitability. Human resource planning involves the use of business activities to forecast how management strategy changes will impact human resource needs in the future. On the contrary, human resource development activities help an organization to ensure its…show more content…
Factors or Issues Influencing Labor Demand at McDonalds: Generally, human resource management is the responsibility of professionals in the human resource department. The primary role of this department is to ensure that McDonalds hires and retains competent employees who help in the realization of business objectives. One of the major ways that such kind of employees are recruited and maintained in the corporation is through constant analysis of the labor market. Actually, McDonalds has market analysts who keep informed with events in the labor market and labor demands in different restaurants. These analysts keep up-to-date records of labor supply and demand to ensure the company’s operations are not affected by shortages of labor from outlets. The process of forecasting labor demands in an organization is usually more of an art than a science because of the need to provide informed estimates instead of absolute results (Nankervis, Compton & Baird, 2008, p.132). This is always a complicated process because of the ever-changing nature of the business environment where organizations operate. There are two approaches used to forecast labor demand in an organization i.e. quantitative and qualitative method. While quantitative or top-down approach involves the use of mathematical or statistical measures, qualitative
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