Final answer:
The one step in human resources planning that you will not typically suggest for Fuller Company is acquiring funds for implementation, which is generally beyond HR planning scope. HR planning should focus on aligning workforce strategy with business objectives, including forecasting labor demand and supply, and strategically matching them.
Step-by-step explanation:
When assisting the Fuller Company in its human resources planning, you will suggest it take several steps, with one exception; it is not typically the role of an HR plan to acquire funds for implementation. The steps that should be included in the HR planning process are:
- Developing the overall strategic plan,
- Forecasting future demand for the company's products or services,
- Forecasting future supply of labor within the firm,
- Matching supply with demand through appropriate hiring and training strategies.
During a recession, companies may face a decrease in demand, tempting them to lay off workers. However, this risks losing skilled labor if the demand pickup is temporary. Instead, firms might choose to hold onto their employees, or utilize overtime work, until they are confident that the market is improving. A well-planned human resources strategy takes into consideration these market fluctuations and aims to foster a stable, educated workforce capable of adapting to changing business conditions.