Discuss the implication and pros and cons for managing surpluses and shortages using the various human resource planning strategies.

Having a shortage at a workplace can lead to overworking of employees due to them performing extra work to cover for a vacant seat in the organization. This can lead to stress or having substandard work due to lack of specialization.

Having a surplus in a workplace can lead to replication of job titles in an organization. Replication of a job can lead to conflict due to confusion in the organization structure. It can also increase the cost of running an organization significantly hence derailing the organization from achieving its financial objectives.

Human resource planning entails three essential elements; The analysis of current labor supply, predicting labor requirements and balancing projected labor available and requirements.

• The pro of using these strategies is gaining an advantage over the competitors. If the human resource department can predict the new position then needs to be created and filled, it can lead to the fast growth of the business.
• The con is human resource strategic plans can be wrong or exaggerated. Committing to a project by a human resource can blind them to unforeseen circumstances happening. Hence any strategic move needs to malleable or can be changed.