A key to a successful company is to have the right people, in the right positions at the right time to ensure that the business production requirements are met in an efficient and effective manner. Having too many employees is problematic due to the risk of high labour expenses, downsizing or layoffs. Having too few employees is also problematic due to high overtime costs, the risk of unmet production requirements and the challenge of finding the instant manpower needed to get the job done.
Beyond providing assurance of business and production continuity, HR planning also has a number of benefits that highlight the need for HR planning in any organization.
At ACCOUNTABLE HR, we can provide assistance with one or more steps of the HR planning process to ensure that your organization can reap the maximum benefits from effective HR planning. We can help you balance immediate and future staffing concerns, as well as aid you in navigating through your internal and external labour markets. We rely on a variety of methods to forecast future HR supply including trend analysis, skills/competency inventories, replacement charts, succession planning, staffing tables, Markov analysis and management forecasts. To forecast future HR demand, quantitative techniques include trend analysis, ratio analysis, utilization based approach, regression analysis, budget analysis and computer models, while qualitative models include the Delphi technique or a nominal group technique. Ultimately, the decision of which method to use will be dependant on the size of the organization, the resources available, and the expertise of the HR planning team.
Call us at 1.888.995.5874
ACCOUNTABLE HR
accountable hr
Call us at 1.888.995.5874
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