341835074-hrm-unit-2(1).pdf - Unit II Human Resource Planning Concept and Meaning of Human Resource Planning HRP is the process of forecasting the

341835074-hrm-unit-2(1).pdf - Unit II Human Resource...

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Unit II: Human Resource Planning Concept and Meaning of Human Resource Planning HRP is the process of forecasting the future human resource needs and choosing the courses of actions to satisfy those needs. It involves estimating the size and composition of future workforce to ensure survival and organizational growth.It is, in fact, a part of the total organizational lanning. It is a continuous process rather than a single shot attain. It tries to keep the organization supplied with required and capable people when they are demanded. According to Decenzo and Robbins, “HRP is the process of determining an organization’s human resource needs.” According to Torrington and Hall,”HRP is fundamental in developing and implementing the organization’s humanresource strategy, which in turn, enables the organization to meet its goals”. According to C. F. Rulss, ” Human Resource Planning, also referred to as manpower planning or personnel planning, can be defined as the process of getting the right number of qualified people into the right jobs and the right time.” HRP is variously called manpower planning, personnel planning or employment planning. In a nutshell, HRP includes the estimation of how many qualified people are needed to perform the various organizational jobs, how many people will be available, and what must be done to ensure that HR supply equals HR demand at the appropriate point in future. It is an integral part of corporate planning that can be formulated at national, industry and unitlevels. Characteristic of HRP The above discussion reveals the following key characteristics of HRP. • Goal oriented Related to future HR needs Concerned with quantity and quality of human resource needed Part of total organizational planning Part of Acquisition Function It can be both short or long term Objectives of HRP
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The main objectives of HRP as follows: To ensure optimum use of human resources currently employed. To assess or forecast future skill requirements. To provide control measures to ensure that necessary human resources are available as when required. To support the company management to minimize operational costs. To gain a competitive advantage in the market. Importance of Human Resources Planning HR planning is very important to any type of organization since Human resources are those resources who monitor the other resources. HR planning also determines the success of the organization. 1) Helps to implement the business strategy: Without proper planning of human resources business strategies cannot be implemented. They are the people who have to work to implement the strategies of an organization. 2) Minimizes future risk and uncertainty : By forecasting the demand and supply of technical and other manpower for the future, human resources planning minimize future risk and uncertainty.
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