HUMAN RESOURCE PLANNING

Human Resource Planning

Name of the Writer

Name of the Institution

Human Resource Planning

Executive Summary

TRUenergy HRP involves the recognition of both current and future needs of human resource and possible challenges to constantly attain objectives of an organization. Baby boomers are at present the prevalent generation of active personnel. Baby boomers recognize their strengths as organizational willingness, optimism and memory for long working hours. Generation Y is able to perform multi-task, very self-confident, skilled in technology, well educated, and have energy plenty.

The results of this study are based on HR managers' perspective of TRUenergy regarding HRP policies and practices. Both generations results signify that there is a difference between actual practices and policies of HRP. This is mainly because both generations differ in their responses towards HRP policies. Therefore, HR managers are required to formulate policies carefully after considering characteristics of these generations within organization.

This study underlines TRUenergy policies of recruitment, training and retention for baby boomers and Generation Y. HR managers design these policies after taken account of characteristics of these generations. They attempt to recruit talented employees by offering innovative and aggressive strategies. Training is essential to gain employee engagement, as well as provide career progression, so that these generations are able to keep them align with organizational objectives. Moreover, retention strategies offer flexible times of work and other intrinsic benefits to retain their employees. Such HRP policies and practices are important, as they assist organization in gaining profitability and sustainability.

Table of Contents

Executive Summary2

Table of Contents3

Introduction4

Discussion5

Human Resource Planning5

Why Human Resource Planning6

Baby Boomers7

Recruiting Strategies10

Training Strategies12

Retention Strategies13

Conclusion14

Recommendations15

Baby Boomers15

Generation Y16

Introduction

Human Resource Planning (HRP) can be termed as a dynamic and inclusive, which engages the recognition of both current and future needs of human resource and possible challenges in order for the unit to constantly attain objectives of an organization. It is also the mutual operational link between action-orientated implementation and high level strategy, which can be frequently evaluated and monitored. Consequently, Human Resource Planning intends to make sure that a corporation has the right employees at the right place of work at the right time.

TRUenergy is a large retailer, generator and investor in the energy sector of Australia, and focused on the needs of electricity and gas of business and home. They offer energy efficiency services, green energy options and solar power.

HR department of TRUenergy strive to plan the right employee on the right job and grooming him/ her as an effective team member and this is a significant function of very manager. This is mainly because HR is a vital asset of a TRUenergy and the performance is highly dependent on the way it brings into play. At TRUenergy, HRP refers to a planned strategy for attainment, development and preservation of human resources for the enterprise. HRP at TRUenergy is a managerial function aspired at harmonizing the requirements, for and availability of various types of workers. This involves making sure that the right people at right time on right place in an organization while making adjustment to fulfills the requirements ...