HRP is a component of overall organisational planning. Managerial actions that define the company's future goals and decide the best ways to achieve those goals are referred to as organisational planning. The significance of HRP is explained in terms of the important functions it plays in the workplace organisation.
1. Future Personnel Requires
Human resource planning is important since it aids in determining the organization's future personnel requirements. If a company is experiencing either a surplus or a shortfall in staff strength, it is due to a lack of effective HR planning.
2. Component of Strategic Planning
HRP has become an important component of strategic planning. HRP contributes to the strategy creation process by determining if the organisation has the necessary human resources to carry out the plan.
3. Recruiting Highly Talented Personnel
While India has a large pool of educated unemployed, it is the HR manager's judgement that will allow the firm to choose the right individual with the correct talents. Even current employees wish for the job so regularly that the company is usually short on labour. To assist the organisation in coping with the problem of skilled personnel shortages, manpower planning in the form of skill development is necessary.
4. Worldwide Strategies
HR planning aids an organization's international expansion strategy to a large extent. International business has a big problem in its HR department's capacity to fill critical positions with foreign nationals and transfer personnel inside or across national borders.
5. Personnel Functions Foundation
HRP offers critical information for developing and implementing personnel activities such as recruiting, selection, training, and development, as well as people mobility such as transfers, promotions, and layoffs.
6. Expanding Human Resource Investments
Organizations are increasing their investments in human resource development, necessitating a greater need for HRP. Human assets may rise in value faster than physical ones, according to organisations. An employee who improves his or her skills and talents through time becomes a significant addition to the company.
7. Employee Reluctance to Change
When it comes to change, including job rotation, employees are always hesitant. Employees cannot be transferred from one department to another without prior preparation. Even when doing work rotations, it is necessary to plan ahead of time and match the skills required with the employees' existing abilities.
8. Bringing Line and Staff Managers Together
HRP aids in bringing line and staff managers together. Despite the fact that HRP is launched and implemented by corporate personnel, it need the involvement and collaboration of all management within a company. Each department manager has a better understanding of the challenges that his department faces than anybody else. As a result, effective communication between HR personnel and line managers is critical to HR planning and development success.
9. Succession Planning
Human Resource Planning is the process of preparing people for future problems. The ‘stars' are continually selected, trained, appraised, and helped so that, when the time comes, such trained personnel may rapidly assume the duties and positions of their bosses or superiors.
10. Other Advantages:
(b) It raises awareness of the need of utilising human resources effectively for the organization's overall growth.
(c) It makes it easier to find and train people with the necessary skills, experience, and aptitudes to carry out and fulfil the organization's goals.
(d) HRP encourages the firm to analyse and adjust its human resource policies and procedures, as well as assess how human resources are used to improve efficiency.
