2. Business, Financial, and Human Resource Planning1

1 Adapted wholly or partly from a paper written by Biswas, B.D., and Hestwood, T., “Human Resource Planning and Compensation: A Developing Relationship.” Conference presentation made at National Conference of the American Compensation Associates 1979.

Aims and objectives of this chapter

• Explain the connections between business planning, human resource planning, and compensation planning

• Develop the need for planning

• Examine the concept of strategic planning

• Explore the connections between strategic planning and operational planning

• Discuss the concept of HR planning

• Review an integrated HR planning process

• Discuss the concept of organizational planning and design

• Develop the ...

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