HRM Specialisation - Human Resource Planning and Development 4.pdf - HUMAN RESOURCE PLANNING AND DEVELOPMENT STUDY MATERIAL vi semester BBA HRM

HRM Specialisation - Human Resource Planning and Development 4.pdf

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HUMAN RESOURCE PLANNING AND DEVELOPMENT STUDY MATERIAL vi semester BBA HRM SPECIALISATION (2011 aDMISSION) UNIVERSITY OF CALICUT SCHOOL OF DISTANCE EDUCATION CALICUT UNIVERSITY.P.O., MALAPPURAM, KERALA, INDIA – 673 635
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School of Distance Education Human Resource Planning and Development Page 2 UNIVERSITY OF CALICUT SCHOOL OF DISTANCE EDUCATION STUDY MATERIAL VI SEMESTER BBA HRM Specialisation HUMAN RESOURCE PLANNING & DEVELOPMENT Prepared by: Pradeesh.N.M. Assistant Professor Departement of Commerce Govt.College ,Perambra Scrutinised by: Dr.K.Venugopalan, Associate Professor, Department of Commerce, Govt. College Madappally. Layout & Settings Computer Section, SDE © Reserved
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School of Distance Education Human Resource Planning and Development Page 3 UNIT-1 Human Resource Planning Introduction The success of an organization largely depends upon the quantity and quality of Human Resources that it is able to attract & retain. Human resources are one of the most vital assets of an organization. It is the people who make other resources moving. The placement of right kind of people in right numbers, at the right place and right time is the basic function of Human Resources management. Human Resource Planning (H RP) is a step in Human Resource Management. The process of identifying how many people to select, at what job and at what time is called Human Resource planning. Human Resource Planning is to get the right number of employees with the right skills, experience, and competencies in the right jobs at the right time and at the minimum cost. This Human Resource part of an organization ensures that the business production requirements are met in an efficient and effective manner. Having too many employees is challenging due to the risk of high labour expenses, downsizing, or layoffs. Having too few employees is also difficult due to high overtime costs, the risk of unmet production requirements. Human Resource Planning is also called as Manpower planning. It consists of a series of activities, listed as following ways. 1. Forecasting future manpower requirements: Forecasting future manpower requirement is the first function of Manpower planning. Future forecasting is based on future requirement of people in the organization . 2. Preparing an inventory of present manpower: The next important task in Human Resource Management is to prepare an inventory of present Human Resources. Such inventory contains data about each employee’s skills, abilities, work preferences and other items of information. 3. Anticipating manpower resources: This can done by projecting present resources into the future and comparing the same with the forecast of manpower requirements. This helps to determine the quantitative and qualitative adequacy of manpower in future.
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