Relevant Theory or Concept of Human Resource Forecasting and Planning (Term Paper Sample)

STRATEGIC HUMAN RESOURCE FORECASTING AND PLANNING OF WINDROSE COFFEE ROASTERY COMPANY
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Human Resource Strategy and Professional Practice
Windrose Coffee Roastery is an Oman company founded to fill the gap in the Oman Gulf coffee market. The Company has played a crucial role in making Yemen coffee and coffee trade since its formation. Windrose Coffee Roastery Company uses indigenous coffee trees to produce a unique coffee cup recognized for its remarkable breadth and complexity, making them appear at the top of every coffee-producing Company in Oman. The Company is located in Muscat, Oman. Windrose Coffee Roasters is a limited company offering coffee products. The Company also source exceptional Arabica coffee from famous growing regions. Human resource management has managed to place the Company at the top by processing the bean in orange Diedrich IR-5 roaster producing delicious and quality coffee that satisfies consumers' needs.
Critical Description and Analyses of:
* Relevant theory or concept of Human resource forecasting and planning
Human resource forecasting is essential for determining labor requirements within a company. The human resource department should pay attention to both the short-term and long-term needs of the Company (Noe, Hollenbeck, Gerhart & Weight 2017). Attention should be given to staffing requirements based on sales, attrition, growth of the office and any factor that may slow the organization's development. A company will be aware of the type and number of employees required, managerial costs, and proper administrative roles through human resource planning. The goal of human resource forecasting is to determine the future quality and quantity of labor needed. External and internal factors should be put into account during the Human demand forecasting phase. Windrose Coffee Roastery Company uses wok-study forecasting techniques to determine the number of activities and the size of labor needed for the success of the Company. Their starting strategy is creating the budget drafted in terms of saleable volumes of the Company’s coffee products. The technique also ensures that the output sizes of individuals are calculated per department (Gratton, Hailey & Stiles 2011). The budget for manufacturing hours is combined with regular working hours for direct labor. The average working hours are then multiplied with the strategic magnitudes of output units to estimate the number of workings designed for that period. The result is then divided by the exact number of working hours for an individual team member to develop the number of employees required.
* The Company’s Strategic Human Resource Forecasting and Planning
The Company’s strategic human resource planning scheme is composed of the following four steps, as seen in the case of Windrose Coffee Roastery:
Analyzing labor supply- analysis of labor supply is the first step that the human resource department at Windrose Coffee Roastery Company uses to determine the recent human resource supply. Analyzing the labor requirement helps the Company to find out its strengths based on the available skills, positions, production levels, benefits, and the number of employees.
Forecasting Labor Demand- the Company performs checks on the future outline of its labor by forecasting labor requirements. The strategy is vital for determining emerging issues like retirements, promotions, transfers, and layoffs (Armstrong 2019). It focuses on anything that talks about the future of the Company. External conditions should also be given a priority.
Balancing supply with labor demands-balancing the two is the third step towards human resource forecasting and strategic planning. It aims at creating a gap that will address the exact future requirements on labor demand versus supply. It is through this analysis that the Company will know whether to train the employees on new skills, whether more managers are needed, or whether the Company is getting the best out of the employees.
Evolving and implementing a plan- human resources should be updated with the procedures that should be followed to integrate the plan with the entire Company workforce.
* Leaders’ roles in the Company’s Strategic human resource Forecasting and Planning
* Respect of business partner- for the Company to succeed in strategic forecasting and human resource planning, it must prove that it respects its business partners.
* The human resource must confirm that it is conversant with the organizational business. It is a requirement that strategic planning partners understand common financial signs.
* Human resource must understand current management trends to enable it to compete with other related organizations evenly.
* Human resource also plays the role of uniting the strategic plan with factual trade.
* Lastly, the human resource should lead all communications taking place within the organization professionally. Effective communication is only possible if a human resource is part of the strategic development team.