HRM2604 EXAM-PREP.

Chapter 4 HRP – the process of anticipating and providing for the movement of the people into, within and outside the organisation. SHRP- The process through which the company goals are put forth in mission statements and company plans to ensure that the organisation in not over or understaffed. STRATEGIC HR PLANNING AND RESEARCH STEPS IN THE SHRP PROCESS Situation analysis - Monitor and assess the company mission & core business.Conduct environment scanning to gather info on trends in external & internal environments HR Demand analysis - The determination of total manpower requirements of company types, skills & location of employees must be determined.Analyse past trends & productivity then linking company plans to productivity levels and projecting future needs STRATEGIC HR PLANNING AND RESEARCH HR Supply analysis - Entails evaluation of future supply of labour (internal & external) Strategy Development – HR strategy formulation and the design of action programmes. Such as recruitment, selection, placement, compensation, reduction in workforce and PA. Succession Planning – The process of identifying a longer term plan for the orderly replacement of key employees