Therefore, it is important for the human resource department to use the best tool and technique for the planning of human resources Using every tool available in the market isn't a wise method In this chapter, I will discuss some most important resource planning tools like a capacity planner It helps in the process of recruitment, training, and retention of the employee Contemporary Planning Techniques (cont'd) • Scenario – A consistent view of what the future is likely to be • Scenario Planning – An attempt not to try to predict the future but to reduce uncertainty by playing out potential situations under different specified conditions • Contingency Planning – Developing scenarios that allow managers to determine in advanceOther strategic analysis tools In addition to SWOT, other useful techniques include PESTLE analysis a technique for understanding the various external influences on a business See our PESTLE analysis example Scenario planning a technique that builds various plausible views of possible futures for a business
Technology Lavanya Madras Purushothaman
