Human resource planning is the act of assessing and determining human resource availability and demand so that the company may achieve its goals. HR planning is concerned with ensuring that the company has the appropriate amount of human resources, with the appropriate competencies, at the appropriate times, and in the appropriate locations.
The followings are the objectives of human resource planning:
1. To assure that the organization's human resources are used to their full potential.
2. To analyse or anticipate the organization's future skill requirements.
3. Implement control mechanisms to guarantee that essential resources are available when and where they are needed.
4. There are a number of specific reasons why personnel planning and forecasting activities are important. They are described in further detail below:
- Creating a connection between personnel and organisational planning
- To figure out how many people are interested in working for you.
- To foresee the need for redundancy.
- To figure out what the best training levels are.
- To serve as a foundation for management development initiatives.
- To put a price on labour.
- To make productivity negotiating easier.
- To determine future accomodation needs.
- To investigate the value of service functions and the cost of overheads.
- To determine if a specific activity should be subcontracted, and so on.
HR needs are calculated by subtracting available HR supply, or the number of employees, from projected HR demands, or the number of people needed to achieve a given level of output. HR's goal is to match the appropriate people to the right jobs and make the most use of current human resources.
Human resource planning's objectives may be stated as follows:
1. Predicting Human Resource Requirements
HRP is critical for determining an organization's future HR demands. It is quite tough to offer the correct sort of personnel at the right time without this strategy.
2. Effective Change Management
To deal with changes in the various areas that influence the business, proper planning is necessary. These developments need the organization's continued allocation and reallocation of resources, as well as the effective use of human resources.
3. Achieving Organizational Goals
Organizational HR planning is critical in order to meet growth and other organisational activities.
4. Employee Promotion
HRP provides feedback in the form of employee data that may be utilised to make decisions about promotional possibilities accessible to the business.
5. HR Effectiveness
The data base will give helpful information for identifying human resource surpluses and deficits. HRP's purpose is to preserve and increase the organization's capacity to achieve its objectives by devising suitable strategies that maximise HR's contribution.
