Preview

Business and Finance

Best Essays
Open Document
Open Document
3219 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Business and Finance
______________________________________________________________________________

Abstract
Human resource planning begins with a forecast of the number and types of employees needed to achieve the organization’s objectives. Planning also involves job analysis, which consists of the preparation of job descriptions and job specifications. Of particular concern for today’s executives is the growing body of laws regulating the human resource management process.
______________________________________________________________________________

Human Resource Management Process
The overall human resource management process comprises the following programs: human resource planning, recruitment, selection, professional development, performance appraisal, and compensation. In this article, I examine one of the human resource management processes (human resource planning), because it is such an important function that is often neglected.
The planning function, in general, involves defining an organization’s goals, establishing a strategy for achieving those goals, and developing a comprehensive set of plans to integrate and coordinate activities (Robbins & Judge, 2013). The necessity of this function follows from the nature of organizations as purposive (goal-seeking) entities
(Gibson, Ivancevich, Donnelly, & Konopaske, 2012). Planning activities can be complex or simple, implicit or explicit, impersonal or personal. For example, a human resource manager forecasting demand for the firm’s human resources may rely on complex econometric models or casual conversation with human resource personnel in the field.
Good human resource planning involves meeting current and future personnel needs. The manager ensures that personnel needs are met through ongoing analysis of performance objectives, job requirements, and available personnel, coupled with knowledge of employment laws.

1

INTERNATIONAL JOURNAL OF MANAGEMENT, BUSINESS, AND ADMINISTRATION



References: Ball, M. K. (2012). Supply and demand. New York, NY: Rosen Publishing Group. Christal, R. E., & Weissmuller, J. J. (1977). New comprehensive data analysis programs (CODAP) for analyzing task factor information Cushway, B. (2011). The employer’s handbook: An essential guide to employment law: Personnel policies and procedures Gibson, J. L., Ivancevich, J. M., Donnelly, J. H., & Konopaske, R. (2012). Henderson, H. D. (2010). Supply and demand. Kila, MT: Kessinger Publishing. Kranz, R. (2012). Affirmative action (rev. ed.). New York, NY: Facts on File. McCormick, E. J., Mecham, R. C., & Jeanneret (1972). Technical manual for the position analysis questionnaire (PAQ) Mintzberg, H. (1998). The nature of managerial work. Reading, MA: Addison-Wesley. Mitchell, J. L., & McCormick, E. J. (1979). Development of PMPQ: A structured job analysis questionnaire for the study of professional and managerial positions. Moran, J. J. (2011). Employment law. Upper Saddle River, NJ: Prentice Hall. Noe, R. A. (2012). Human resource management: Gaining a competitive advantage. Robbins, S. P., & Judge, T. A. (2011). Organizational behavior (14th ed.). Upper Saddle River, NJ: Prentice Hall. Tornow, W. W., & Pinto, P. R. (1976). The development of a managerial job taxonomy: A system for describing, classifying, and evaluating executive positions U.S. Department of Labor. (2012). Handbook for job analysis. Washington, DC: U.S.

You May Also Find These Documents Helpful

  • Good Essays

    Finance

    • 1032 Words
    • 5 Pages

    SunShine Systems (trends, ratios stock performance) (LO3) SunShine Systems is a leading supplier of computer related products, including servers, workstations, storage devices, and network switches.…

    • 1032 Words
    • 5 Pages
    Good Essays
  • Powerful Essays

    Robert L. Mathis, John H. Jackson. (2011). Human Resource Management (13th ed.). Mason, OH: Cengage.…

    • 2866 Words
    • 12 Pages
    Powerful Essays
  • Good Essays

    FINANCE

    • 7623 Words
    • 35 Pages

    1.1 You have been asked to identify a range of sources of finance available to Fort Sport Ltd. These can include raising funds through a combination of finance areas. Please identify at least three sources.…

    • 7623 Words
    • 35 Pages
    Good Essays
  • Good Essays

    Finance

    • 578 Words
    • 3 Pages

    Dan Ervin was recently hired by East Coast Yachts to assist the company with its short-term financial planning and also to evaluate the company’s finished performance. Dan graduated from college five years ago with a Finance degree, and he has been employed in the treasury department of Fortune 500 company since then.…

    • 578 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Finance

    • 1884 Words
    • 8 Pages

    Team C is responsible for working capital management for the company and has come up with an alternate working capital solution and a plan to manage Lawrence 's cash position in the forthcoming weeks. This paper will discuss the risk and contingencies associated with the alternate working capital solution. Performance measures will be discussed to show it will be used to evaluate and implement Team C recommendations for Lawrence Sports.…

    • 1884 Words
    • 8 Pages
    Powerful Essays
  • Satisfactory Essays

    Accounting and finance

    • 313 Words
    • 2 Pages

    Rio Tinto PLC's payables turnover declined from 2010 to 2011 and from 2011 to 2012.…

    • 313 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Business Finance

    • 17755 Words
    • 72 Pages

    For a typical firm with a given capital structure, which of the following is correct? (Note: All rates are after taxes.)…

    • 17755 Words
    • 72 Pages
    Good Essays
  • Satisfactory Essays

    Finance

    • 643 Words
    • 3 Pages

    The goal of maximizing the value per share of existing stock is relevant to all organizations.…

    • 643 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Finance

    • 968 Words
    • 4 Pages

    1. (TCO 1) What is the goal of financial management for a sole proprietorship? (Points : 3)…

    • 968 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Finance

    • 5399 Words
    • 22 Pages

    Damodaran, A. (2005) The value of control: implications for control premia, minority discounts and voting share differentials, Stern School of Business, New York.…

    • 5399 Words
    • 22 Pages
    Powerful Essays
  • Good Essays

    Finance

    • 1116 Words
    • 5 Pages

    During the Christmas break of his final year at Ohio State, Bill Bledsoe plans to put together his résumé in order to seek full-time employment as a medical technician during the spring semester. To help Bill prepare for the job interview process, his older brother has arranged for him to meet with a friend, Cathy Smith, who has worked as a medical technician since her graduation from Ohio State 2 years earlier. Cathy gives him numerous pointers on résumé preparation, the interview process, and possible job opportunities.…

    • 1116 Words
    • 5 Pages
    Good Essays
  • Satisfactory Essays

    finance

    • 412 Words
    • 2 Pages

    1.Drugstore.com is , one of the 50 largest online retailers in the U.S offers a variety of products and information on heath, beauty, wellness, personal care and pharmacy products. The mjor different between drugstore.com and the brick and mortar retail drug business is that drugstore.com do not have any ties to a physical location.…

    • 412 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Marketing and Finance

    • 10065 Words
    • 38 Pages

    1. Weak-form EMH postulates that prices reflect all information contained in the past history of prices.…

    • 10065 Words
    • 38 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Finance

    • 432 Words
    • 2 Pages

    I’m a junior at BSU. I have a passion for playing sports and eventually working with the sport industry. My strengths is that I work hard in anything I want to do. I take pride in achieving my goals toward school. My weakness is that I love to procrastinate on my work and study time. I have skills of being fast and productive with my time. I have abilities to stay focused and get the job done in a timely manner. I’m very knowledgeable with sports and the different teams out there. I know just about everything about basketball and the different aspects of the game. I played basketball for 16 years until an injury ended my career. My goal is to educate other people with my knowledge for the game. My plans are to graduate BSU in May 2014 with a degree in Sports Administration. I want to move to Indy and get a job a in the sports industry.…

    • 432 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Finance

    • 990 Words
    • 4 Pages

    Warf Computers, Inc., was founded 15 years ago by Nick Warf, a computer programmer. The small initial investment to start the company was made by Nick and his friends. Over the years, this same group has supplied the limited additional investment needed by the company in the form of both equity and short-and long-term debt. Recently the company has developed a virtual keyboard (VK). The VK uses sophisticated artificial intelligence algorithms that allow the user to speak naturally and have the computer input the text, correct spelling and grammatical errors, and format the document according to preset user guidelines. The VK even suggests alternative phrasing and sentence structure, and it provides detailed stylistic diagnostics. Based on a proprietary, very advanced software/ hardware hybrid technology, the system is a full generation beyond what is currently on the market. To introduce the VK, the company will require significant outside investment.…

    • 990 Words
    • 4 Pages
    Good Essays