Assessment Task 1 Instructions
Provide answers to all of the questions below:
9. Outline the four key steps in the human resources strategic planning process.
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Assessing current HR capacity
The first step is to assess your current staff. Before making any moves to hire new employees for your organization, it’s important to understand the talent you already have at your disposal. Develop a skills inventory for each of your current employees.
You can do this in a number of ways, such as asking employees to self-evaluate with a
questionnaire, looking over past performance reviews, or using an approach that combines the two.
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Forecasting HR requirements
This is the next step. It is important to assess both your company’s demand for qualified employees and the supply of those employees either within the organization or outside of it. You’ll need to carefully manage that supply and demand. This can depend on the demands of the future, based on
the strategic goals of the organisation. Demand forecasting is the detailed process of determining future human resources needs in terms of quantity—the number of employees needed—and quality—the calibre of talent required to meet the company's current and future needs. Supply forecasting determines the current resources available to meet the demands. With your previous skills inventory, you’ll know which employees in your organization are available to meet your current demand. You’ll also want to look outside of the organization for potential hires that can meet the needs not fulfilled by employees already present in the organization.
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Gap analysis
An HR gap analysis is a breakdown of your current workforce and the skills they possess compared to the workforce you will need to reach key business goals. Because it identifies upcoming personnel and skill deficiencies within your organization, an HR gap analysis is also sometimes called a skills gap analysis or workforce gap analysis. This analysis helps your organization plan for growth, project hiring needs for your future workforce, understand the skills and experience in your current workforce, and develop strategies for overcoming the gap between the two
