Planning for Needed Resources in HRP

Human Resource Planning is a process of forecasting and strategizing to meet the organization’s demand and supply of manpower needs in the present and future. It is a process to ensure that you have the right people with the right skillset in your team thereby building a strong workforce capability in your organization.

1. Labour Turnover:

Labour turnover takes place in all enterprises. However, the degree of labour turnover may vary from company to company but it cannot be eliminated altogether. There is always a need to recruit new employees to take up the jobs of those who have left the undertaking.

2. Technological Changes:

With research and new inventions, technological changes are coming rapidly. There may be need to give fresh training to personnel. In addition, there may also be a need to infuse fresh blood into the enterprise. Human resource planning will be helpful in coping to the new demands of the enterprise.

If the undertaking is able to foresee turnover rate properly then efforts in advance are made to recruit and train employees so that work does not suffer for want of employees.

3. Replacement of Persons:

A good number of employees are to be replaced in the undertaking because of retirement, old age, death etc. So there will be a need to prepare and train persons for taking up vacant jobs in an enterprise.

4. Expansion Plans:

Whenever there is a proposal to expand or diversify the enterprise, more employees will be needed to occupy new jobs. In such situations the human resource planning is necessary.

5. Assessing Future Requirements:

Human resource planning is also needed to assess whether there is any shortage or surplus employees in the undertaking. If there is a smaller number of employees than needed, it will badly affect the work. On the other hand, if more persons are working than needed then it will increase labour costs, etc. Human resource planning ensures the employment of right employees.