human resource planning
HUMAN RESOURCE PLANNING (HRP): - Meaning & Definition: HRP is a crucial step in the overall HRM process. ... MANPOWER PLANNING & HRP are synonymous. In the part the phrase “Manpower Planning” was widely used but now the emphasis is more on HRP which is broader based. ... Thus HRP, is a sub-system in the total organisational planning. ... d) Planning the necessary programs of Recruitment, Selection, Training, Development, Transfer, Promotion, Motivation & Compensation to ensure that future manpower requirement are properly met. ... If used properly, it leads to the maximum utilisation of human resources, reduces excessive labour turnover & high absenteeism, improves productivity and aids in achieving the objectives of an organisation. ... IMPORTANCE OF HUMAN RESOURCE PLANNING “Manpower” or “ Human Resource” may be thought as total knowledge, skills, Creative abilities, talents and aptitudes of an organisation work force, as well as the values, attitudes and benefits of an individual involved. ... However in order to highlight the importance of HRP we outline its role the following: Ø Future personal needs:- Planning is significant as it helps to determine future personnel needs. Surplus or deficiency in staff strength is the result of absence of or defective planning. All public sector enterprises find themselves overstepped now, as they never had any planning of their personnel requirements. ... In government undertaking there are too many employees, this fact known to everyone but the absence of Succession Planning in public sector organisation is not known to many. ... Another fact of high – talent personnel is management succession planning. ... Ø Increasing investment in Human resources:- Another compelling reason for HRP is the investment an organisation makes in its human resources. Human assets as opposed to physical assets, an increase in value. An employees who gradually developes his/her skills and abilities becomes a more valuable resource. ... All these changes are making it more difficult for the organisation to assume that it can move its employees around anywhere and anytime it wants, thus increasing the importance and necessities of planning ahead. OBJECTIVES OF HUMAN RESOURCE PLANNING: Ø To fulfill the organisations personal needs with the necessary qualification, skills, knowledge, work experience and aptitude for work.