Human resources planning is a strategy for the utilization, improvement and retention of the human resource required by the enterprise in pursuit of its objectives. By Human resources planning an organization ensures that it has the right number and kinds of people, at the right place, at the right time, capable of effectively and efficiently completing those tasks that will help the organization achieve its overall objectives. HR planning is also called manpower planning, personnel planning or employment planning. The basic purpose of having a HR plan is to have an accurate estimate of the number of employees required, with matching skill requirements to meet organizational objectives.
The HR plan needs to be flexible enough to meet short-term staffing challenges, while adapting to changing conditions in the business and environment over the longer term.The objective of human resource (HR) planning is to ensure the best fit between employees and jobs, while avoiding manpower shortages or surpluses. The three key elements of the HR planning process are forecasting labor demand, analyzing present labor supply, and balancing projected labor demand and supply. Continue reading