Explain if these three statements are correct, incorrect, or partially correct.

 

Statement 1: HR planning is a vital strategic process for organisations in assessing current and future workforce needs and developing strategies to meet those needs. However, in today's fast-paced business world we no longer need to engage in long-term workforce planning as it is impossible to predict future needs accurately. Instead, we should focus only on short-term hiring based on immediate requirements. This approach ensures that we can quickly adapt to changing market conditions. Additionally, long-term planning often involves extensive financial investments that may not yield immediate returns. Statement 2: While effective HR planning helps to anticipate skill gaps, recruit and train employees, these functions should be separate from the organisation's strategic goals and objectives as they are not directly involved in shaping the overall business strategy, and aligning HR with strategic goals may create conflicts of interest and hinder HR's ability to provide impartial support to other areas. Statement 3: As part of our HR planning, we conduct a skills gap analysis to identify areas where our workforce lacks essential skills. This analysis guides our training and development programs, ensuring that employees have the skills required to excel in their roles. Lexi Co uses a robust historical data analysis to project future workforce needs accurately, as this is more important than considering external factors like industry trends and economic conditions. We also rely on intuition to make decisions about hiring and staffing. This intuitive approach helps us stay flexible and adaptive to changing business conditions without expensive and complicated data analysis processes.