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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