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Invincibility System
Prepared for
Assoc. Prof. Dr. Chen Chew Shen
By
Natticha
Worathanawong
5743240426
Nutnaree
Silamahakul
5743241026
Nattavadee
Krongphanich
5743242726
Nattavadee
Suchato
5743243326
2602313 Management/Organization
Bachelor of Business Administration
Chulalongkorn University
Fall, Semester 2015
Team Members
Nutnaree Silamahakul
5743241026
Nattavadee Suchato
Nattavadee Krongphanich
5743243326
5743242726
Natticha Worathanawong
5743240426
Preface
Preface
Table of Contents
Content
Content
Page
Company Background
Question 1
10
Question 2
16
Question 3
22
Reference
27
Invincibility System
Company Background
Background
Invincibility Systems
Company Background
They collected data on the various sources of
candidates that the company was using and the candidates
actually selected. Then they used a statistical method called
regression analysis to identify which sources of candidates
generated the most hired--as well as the sources that generated
hires who went on to perform well. Using the results of the
analysis, Invincibility made its recruiting effort more efficient.
By focusing on the most productive sources of top employees,
it save time and money that formerly had gone toward
recruiting through channels that were less fruitful.
Company Background
categories, years with the company, and labor force
projections. It runs regression analysis to predict the likelihood
that employees will leave the company in the coming year. The
results, coupled with sales forecasts, enable the company to
predict how many new employees will need to be hired in each
department.
is
important
to
Invincibility
because
unlike
Company Background
work and can step in when someone leaves, employees at
Invincibility typically fill highly specialized, highly skilled
roles. If an engineer with years of experience in developing
high-caliber ammunition suddenly departs, there may be no
one else on the team with that persons knowledge and skill
set.
Another unusual quality of Invincibilitys HR planning
is the variety of factors that the planners consider when they
run their regression analyses. For example, the company has
run regression to determine whether turnover is related to
changes in employee benefits and even the mouth of the year.
If the analysis shows that a factor has been significant in the
past the planners take it into account in their forecasts. In one
situation, the planners found that retirements in a department
rose after the company announced that it would be phasing out
health insurance benefits for retirees. More experienced
workers left before the phase-out took effect. When the
company prepared to phase out similar benefits in another
division, the planners knew they would need to step up
recruiting efforts there in preparation for an uptick retirements.
4
Company Background
Some of the data Invincibility uses for planning are
unsuitable for other kinds of HR decisions. For example, the
company has found that employees ages and marital status are
relevant for predicting whether they are likely to leave the
company. Turnover rates are higher among unmarried
employees and recently hired employees (who tend to be
younger). Thus, the company should plans greater recruiting
efforts in departments where it has higher levels of young and
unmarried employees. It also may consider stepping up its
efforts to mentor and train employees in these departments.
However, it does not make employment decisions such as
hiring and promotion based on these factors.
HR Planning
HR Planning
It is an ongoing process of systematic planning to
achieve optimum use of an organization's most valuable asset its human resources. The objective of human resource (HR)
planning is to ensure the best fit between employees and jobs,
while avoiding manpower shortages or surpluses. The three
key elements of the HR planning process are forecasting labor
demand, analyzing present labor supply, and balancing
projected labor demand and supply.
HR planning is an important component of HR
management. It links HR management directly to the strategic
plan of your organization. Most mid- to large sized
organizations have a strategic plan that guides them in
successfully meeting their missions. Organizations routinely
complete financial plans to ensure they achieve organizational
goals and while workforce plans are not as common, they are
just as important. Even a small organization with as few as 10
staff can develop a strategic plan to guide decisions about the
future.
6
HR Planning
Based on the strategic plan, your organization can
develop a HR plan that will allow you to make HR
management decisions now to support the future direction of
the organization. HR planning is also important from a
budgetary point of view so that you can factor the costs of
recruitment, training, etc. into your organization's operating
budget.
The overall purpose of strategic HR planning is to:
- Ensure adequate human resources to meet the strategic goals
and operational plans of your organization - the right people
with the right skills at the right time
- Keep up with social, economic, legislative and technological
trends that impact on human resources in your area and in the
sector
- Remain flexible so that your organization can manage change
if the future is different than anticipated
HR Planning
HR planning predicts the future HR management needs
of the organization after analyzing the organization's current
human resources, the external labor market and the future HR
environment that the organization will be operating in. The
analysis of HR management issues external to the organization
and developing scenarios about the future are what
distinguishes strategic planning from operational planning.
HR Planning
The basic questions to be answered for strategic planning are:
-
Forecasting HR requirements
Gap analysis
Question 1
Besides the factors
identified, what other
factors should
Invincibility Systems
take into account in its
HR planning?
12
14
15
Question 2
What legal concern
does the data analysis
at Invincibility raise?
How should the
company address
those issues?
18
19
20
21
Question 3
Besides its use for HR
planning and
recruiting, how might
Invincibilitys data
analysis be applied to
improve the companys
training?
24
26
References
Human Resource Planning - HRP. (2008, July 14). Retrieved
October 17, 2015, from http://www.investopedia.com
/terms/h/human-resource-planning.asp
Strategic Human Resource Planning. (n.d.). Retrieved October
19, 2015, from https://en.wikipedia.org/wiki/
Strategic_human_resource_planning
Understanding Management. (n.d.). Retrieved October 27,
2015, from https://books.google.co.th
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