The Procedure Of Hr Planning

2309 Words Dec 19th, 2014 10 Pages
Executive Summary: The procedure of HR planning starts with strategies and objectives of the organization and the two important assessments of HR needs and supply are internal and external sources which must be done and forecasts developed. The three important factors for the process of HR planning are supply analysis, supply and demand balancing & demand for labour. When a company strategy and objectives are perfect, then they can expect the demand and supply with some of their methods. . Internal supply of labour exactly means the empty post or the job filled by the employee who already gained the entry and it may be as promotion or transfer. Many terms of the employee are considered here like age, sex, salary, skills, promotions and transfers which plays a crucial role in the internal supply. Most of the organisations are willing to train the internal employee’s for different positions, some of the companies prefer young employees for an energetic work and they train them. The main advantages of internal resourcing of labour are, the employee already knows about the organisation and the organization exactly knows the skills of the employee.When a company or organization extends their branches to other newer areas to increase their operations and if it is not able to find the internal employees to fill the new posts they the organization goes for the external sources. The workers who haven’t worked for the organization before and may work for now or in the future…

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