Final answer:
The two major sources to fill projected openings in human resources planning are internal and external sources. Understanding labor market dynamics, such as the shift in the labor supply curve because of demographic changes and the impact of outsourcing, is crucial for strategic HR planning. Diversifying recruitment to include multiple channels can be beneficial in identifying and hiring qualified candidates.
Step-by-step explanation:
The two major sources of supply that projected openings can be filled with are internal and external sources. When considering these sources, HR managers like Roslyn must understand the dynamics that affect the labor market. For instance, an increased number of workers due to factors such as immigration, population growth, and changing demographics can shift the supply curve to the right, indicating a larger available workforce. This might result in more options for recruitment internally, as well as a broader selection of external candidates. The example of a company that determined an open position and began the recruitment process illustrates how HR managers collect resumes and facilitate the process of finding suitable candidates, like Imani, for open positions. Meanwhile, trends like outsourcing show that some jobs are moved to external providers, which can affect the internal labor market of a company and possibly reduce the available internal sources for certain positions.
Moreover, understanding the supply and demand of labor helps to strategize effectively for future hiring, critical for the growth of rapidly expanding companies like Roslyn's app development company. Diversifying job search activities and tapping into hidden job markets are strategies often employed by job seekers and can also be mirrored by employers looking to hire top talent.