Answer to Question #201652 in Management for Deborah

Question

1. State Advantages of using a private placement in human resource .

2.Describe the steps in Manpower planning in human resource.

Answer 1

Answer.

1 . Advantages of using private placement in human resource.

It allows one to choose own investors which increases chances of having investors with similar objectives.

It is important as it allows one to remain as a private company rather than having to go to the public to raise funds.

It provides flexibility in the amount and type of funding like combination of bonds and capital equity.

It requires less investment of both money and time than public share floatation.

2. Steps in manpower planning in human resource.

The steps involved are as follows :

Step 1: Analysis of organizational plans and objectives- it looks into departmental organization ,sections and sub sections.

Step 2: Analysis of human resource planning- It is the second step that emphasizes on the future plans and requirements than the previous ones.

Step 3: Forecasting for human resource - The correct forecasting is easened with the examination and designation of jobs,skills and knowledge.

Step 4: Assessment of supply of human resources- Assessment of supply begins by use human inventories that are all current.

Step 5: Matching demand and supply- It is the last step in human resource planning. It adds up as one of the objectives of human resource planning.