How will the external environment impact our hr needs

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Reference no: EM133819437

Assignment: Term Project

Strategic Planning: This component requires that you find the existing strategic plan for the company you have selected (e.g., vision, mission statement, strategy). Generally, a good place to find a company's strategic plan is its home page on the Web or in the company's annual report. Read the strategic plan and describe how you will link it to HR policies. How will your HR system be designed so that the company's strategies are met?

I. Assessing the current HR capacity

Based on the organization's strategic plan, the first step in the strategic HR planning process is to assess the current HR capacity of the organization (For this project, assume that the current HR capacity is not enough ). The knowledge, skills and abilities of your current staff need to be identified. List all skills each employee has demonstrated. For example, recreational or volunteer activities may involve special skills that could be relevant to the organization. Education levels and certificates or additional training should also be included.

II. Forecasting HR requirements

The next step is to forecast HR needs for the future based on the strategic goals of the organization. Realistic forecasting of human resources involves estimating both demand and supply.

Questions to be answered include:

A. How many staff will be required to achieve the strategic goals of the organization?

B. What jobs will need to be filled?

C. What skill sets will people need?

D. When forecasting demands for HR, you must also assess the challenges that you will have in meeting your staffing need based on the external environment.

E. How will the external environment impact our HR needs?

III. Gap analysis

The next step is to determine the gap between where your organization wants to be in the future and where you are now. The gap analysis includes identifying the number of staff and the skills and abilities required in the future in comparison to the current situation.

Questions to be answered include:

A. What new jobs will we need?

B. What new skills will be required?

C. Do our present employees have the required skills?

D. Are employees currently in positions that use their strengths?

E. Do we have enough managers/supervisors?

F. Are current HR management practices adequate for future needs?

Reference no: EM133819437

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