Answered: Plannin

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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What are three Human Resource Planning options that are available to businesses that ensure that a business has the people resources to meet their strategic goals?

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Human resource planning is a continuous, methodical planning process that aims to make the best possible use of an organization's most important resource: qualified personnel. Planning for human resources helps prevent shortages or surpluses of labor while ensuring the optimal match between employees and positions. The Human resource planning process consists of four essential components. Any firm should consider investing in Human resource planning since it enables businesses to continue to operate profitably and productively.

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