People Resourcing Essay Example | Topics and Well Written Essays - 2000 words - 1

People Resourcing - Essay Example Planning and better management of human resources is an issue that cannot be ignored in a country’s development strategies. Human resource planning is the critical evaluation as well as identification of labor requirements for planed projects to meet the social and economic targets in the society. The most efficient approach to good human resource planning starts with attaining information on a particular human resource function, the selection or recruitment of workers, training, motivations, work place diversity, and compensations when need rise. Human resource planning is indicated by sufficient man power, comprising of all categories of workers and diverse skill and talents. The workers should be available in specific locations and perform their duties when required. This discourse is about the importance of attaining labor market prevailing conditions before human resource planning. There is need to observe the labor market trends to correct the in balance between its dema nd and supply. Labor market can be categorized as either internal or external. Internal labor market refers to a pool of workers within a certain organization. It could also mean a mechanism through which employees are assigned to certain roles within the organization. The number of employees is determined by the human resource policy put in place like job security, investment levels, sophistication levels in the organization departments, and the business approach adopted. Available internal labor market information can assist the human resource planning team in greater ways (Pilbeam, 2010). Prior to annual recruitments, the company may decide to retain the existing workers and offer trainings to meet the current demands. The retained employees can be motivated further by developments, creation of better employment terms, and salary reviews. This would increase their productivity hence increase turn over to the company. This would be cheaper than hiring new employees who may require time to adjust to the company’s environment and working policies. Classical model of internal labor market is associated with sophisticated and structured pool of workers. Such employees have established experiences and complex technological skills that are ideal to the daily operations of a certain organizations’ department. Such pool of workers have limited interactions with the out side stake holders due to fears that they could be lured to join other organizations at higher salary hence they are motivated by annual incentives, job promotions, and securities so that they stick to their companies. Having full knowledge of such workers is a great deal to the human resource planning team to assist in their retention within the company. Having full knowledge of existing employees may determine who to be out sourced to external companies and generate more income to the company. A company may cut the annual expenses by reducing the existing labor. It will be wise for the human resource planning team to evaluate the existing employees before the retrenchment operations. It would be a great loss to the company to lose a vital team member due lack of internal labor market information. Internal labor market information is much easier and cheaper to be obtained than the external labor pool. External labor market represents the pool of workers available outside (externally) a certain organizations. The type of workers required by a firm is determined by