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LO - O2OR303 - LO W2 - Human Resource Plannin
Utel/bachelors
Created on May 30, 2023
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Transcript
Human Resource Planning
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Human Resource Planning
This is a process that forecasts the company’s future manpower demand by analyzing the current supply and the gaps if any. Its main goals are to:
- align the future human resources to future organizational strategies and needs.
- ensure that an organization is always equipped with the right number and kind of people, at the right place and time.
FACTORS THAT INFLUENCE HUMAN RESOURCE PLANNING
vs
Internal factors
External factors
- Objectives and policies of an organisation
- Employee-related policies
- Job analysis
- Management decision and strategies
- Competencies and skills of the HR department
- Information about budget and human resource inventory
- Change in employment-related legislations or acts
- Change in the policies of the government
- Change in labour market conditions and business trends
- Change in economic conditions
- Changes in technology
Human Resource Planning Features
Making an Inventory of Present Manpower Resources
Forecasting Future Manpower Requirements
Anticipating Manpower Problems by Projecting Present Resources
Well Defined Objectives
Planning the Necessary Programmes
Formed by organisational objectives and goals in its strategic planning and operating planning.
Use mathematical projections to project trends in the economic environment.
Proper planning inlcudes selection, training, development, utilization, transfer, promotion, motivation and compensation.
After making the inventory; assessment has to be done to optimally employ resources.
Comparing projections with the forecast of requirements.
Assessing Current Human Resources
Process of Human Resource Planning
Job Analysis
Analyzing the Organizational Plans
Forecasting HR Demand
Supply Forecasting
Matching Demand and Supply of HR
References
What is Human Resource Planning? Process, Importance, Factor (n/d). Geek Tonight https://www.geektonight.com/human-resource-planning/ Human Resource Planning Process (n/d). Geek Tonight https://www.geektonight.com/human-resource-planning-process/