What effects has Human Resources Management practices on turnover, productivity and financial performance?
Answer STRATEGIC HUMAN RESOURACE PLANNING AND MANAGEMENT There are several ways the Human Resource Planning process has been described. Some are: It is concerned with ensuring that the enterprise’s future needs for labour and skills are met [HRP] translates the organisations objectives into terms of the workers needed to meet these objectives [HRP] systematically forecasts an organisation future demand for, supply of employees The principal responsibility of Human Resource Management is to ensure that organisation have the right numbers, types and skill mixes of employees at an appropriate time and cost to meet present and future requirements. STRATEGIC MANAGEMENT PLANING Strategic management planning is the process of setting major organisational objectives and developing comprehensive plans to achieve them. It involves deciding on the major directions of the organisation, including its structure, strategies, policies and the contributions of its various resources. An important part o
Related Questions
- How can the implementation of an effective document management solution drive productivity and business effectiveness for financial organisations?
- Why is Performance Management so important now for accountants, solicitors and other professional practices?
- What is the difference between financial performance management (FPM) and social performance management (SPM)?
