Human Resource Planning

Human Resources Planning is a process of identifying the current and the future needs of human resources in an organization. Through human resource planning, organization strives to do the right things within the right time to ensure maximum long run benefits. The three key elements of the HR planning process are forecasting labor demand, determining present labor supply and balancing between demand and supply. Human resource is the important managerial function. Human resource planning is an art of managing people by enhancing their skills, creativity. HR planning is pervasive as it is required in all kinds of organizations, profit or non profit to cover all levels of people.

Objectives of Human Resource Planning
Human resource planning is essential to determine the future needs of prospective employees in an organization. Human resource planning is placing the right person on the right job in the right time. HR planning is required to cope up with the changes taking place in the business environment which affect the organization. These need to be allocated timely in the enterprise. Human resource planning objective is to assess the skill requirements. HR planning provides control measures to ensure that the necessary resources are available as and when required. The objective of human resource planning is to improve the organizational capacity by developing appropriate strategies required to reach the goals. It is necessary to anticipate redundancies, to assist productivity bargaining. Human resource planning helps in determining the optimum training levels. Human resource planning is needed to value the service functions. hr planning finds out the cost of overheads. In HR planning, focus needs to be made between quality and quantity of human resources.

Need of Human Resource Planning
1. Human Resource Planning emphasizes the need for effective recruitment and employee retention as there i acute shortage for a variety of skills.
2. With the changing world, there are changes in the production technologies, management techniques, which have tremendous effect on the job. So, this arise the need to plan manpower resources.
3. Government control regarding working conditions, labor laws, restrictions on women and child employment have stimulated the organization to become more conscious in human resource planning. The changing conditions of the work force in terms of age, sex, literacy, social background creates implications in the human resource planning. So,  human resource planning needs to be done effectively keeping all points in mind.

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