HUMAN RESOURCE PLANNING NOTES FOR HRM NOTES

HUMAN RESOURCE PLANNING NOTES FOR HRM NOTES

1. HUMAN RESOURCE PLANNING

2. LEARNING OBJECTIVE T o understand the concept of HRP The nature and importance of HRP The prerequisites for successful planning Barriers to HRP

3. HRP-INTRODUCTION Human resources planning is one of the important part of overall human resources system of the organization The process involves planning and forecasting of human resources on the basis of organizational needs and how to arrange the human resources.

4. DEFINITION According to Geisler , “Manpower planning is the process – including forecasting, developing and controlling by which a firm ensures that it has- The right number of people, The right kind of people, At the right places, At the right time, doing work for which they are economically most useful”

5. FACTORS EFFECTING HRP

6. THREE KYE ELEMENTS OF THE PROCESS Forecasting the demand of the labor Performing a supply analysis, & Balancing supply and demand consideration

7. Succession planning Succession planning  is a process for identifying and developing internal people with the potential to fill key business leadership positions in the company.  Succession planning  increases the availability of experienced and capable employees that are prepared to assume these roles as they become available .

8. REQUISITES FOR SUCCESSFUL HRP It should be an integral part of corporate planning Responsibilities should be centralized Support from the top management Personnel records should be up to date Formation of Time horizon plan The use of proper techniques Data collection, analysis etc should be correct

9. Barriers to HRP Why to waste time when people are in abundance Demand Supply forecasting not sure. Various types of uncertainties like : labor turnover, absenteeism , seasonal employment,  market fluctuations and changes in technology

10. Barriers to HRP Suffers conflict between quantitative and qualitative approaches used for it . Generally, human resource personnel are perceived as experts in handling personnel matters.  Data not maintained properly.

11. Challenges with Human Resource Planning  Budgeting for human resources Strategic Management And Executive Leadership Changes from personnel to HRM Employees changing attitude Changes in the perception towards HR Human resource staffing Competition in external environment

12. Importance of HR planning Producing efficiency and effectiveness Bridging staff and board of directors Building strong teams in the board and staff Providing the glue that keeps the board together

13. Importance of HR planning Ensuring a great satisfaction among planners Identifying the quality and quantity of HR, the supply and demand, eliminate the gap between the last two. Increasing productivity and solving major problems Implementing the company's policies