2. Business, Financial, and Human Resource Planning1
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 connections between HR and compensation planning
• Explain the concept of talent management
This chapter deals with the strategic concept of planning. Effective compensation and benefits program design—from an accounting and finance point of view—requires ...
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