Importance of Human Resource Planning

 


Human resource planning is the initial step of the human resource management practices since using human resource planning an organization can use appropriate people in the right places at the right times to do the activities that will help to achieve overall goals in the most effective and efficient manner. Human Resource Planning is the process of ensuring that an organization has enough personnel with the right abilities at the right time to accomplish its goals. Organizational goals and strategies are translated into workforce requirements through human resource planning hence the business must estimate how many employees and what types of positions they need for the foreseeable future. In that case the line manager and the staff manager are jointly responsible for human resource planning since they need to figure out how many people are needed and should make projection for the future needs. Additionally, proper planning gives a roadmap for the company's future growth by building a pool of leadership potential. The main importance of human resource planning includes,


  • Assessing and maintaining personnel needs

This will help to manage any staff shortage or surplus within the organization

  • Foundation for Other human resource functions
Human resource planning procedures provide essential information that needed for other human resource practices such as recruitments, training and development and promotions  
  •     Expansion and diversification plans

During the company's expansion and diversification efforts, additional people at all levels are required hence an organization's future needs may be accurately predicted by a well-executed human resource planning strategy.
  • Managing employee turnover 
This needs the redoing of manpower planning in order to attract and hire additional personnel.
  • Having highly talented manpower inventory
As the business landscape evolves, employee roles become more difficult to fill, necessitating the recruitment of individuals with a high level of energy and ambition. Therefore, employers who want to hire and keep top-tier personnel will require an effective human resource planning system.


Human resource planning process

1. Identifying the objectives of human resource planning
The objective of manpower planning should be clearly stated in order to pick the appropriate number of employees for the appropriate task. 

2. Analyzing existing employee inventory
It is important to examine the organization's current manpower supply using the stored information on workers in terms of their experience and competency as well as their ability to execute certain jobs.

3. Human Resource Demand and Supply Forecast 
Matching future demand for manpower with the organization's supply of available resources, which may be accomplished by maintaining an inventory of skilled employees.

4. Analyzing the Manpower Gaps
Once demand and supply have been forecasted, the personnel gaps may be simply examined to determine their size since there is a need to fill the gap by bringing additional employees.

5. Executing Action plan 
The action plan must be developed in accordance with the findings of the assessment of the company's human resource needs.

6. Training and Development
Training and development programs are implemented to provide new and existing employees with the necessary abilities to do a certain profession.

7. Reviewing Manpower Planning
Finally, the efficacy of the workforce planning process must be reviewed



References

Blogspot.com. (2014). Significance Or Importance of Human Resource Planning. [online] Available at: https://accountlearning.blogspot.com/2013/01/significance-or-importance-of-human.html.

Dwivedi, R.S. (2012). A textbook of human resource management. Vikas Publishing. New Delhi. India

Hayes, A. (n.d.). How Human Resource Planning (HRP) Works. [online] Investopedia. Availableat:https://www.investopedia.com/terms/h/human-resource- planning.asp#:~:text=Human%20resource%20planning%20(HRP)%20allows.

R, T. (2019). Importance of Human Resource Planning. [online] Essays, Research Papers and Articles on Business Management. Available at: https://www.businessmanagementideas.com/human-resource-planning/importance-of-human-resource-planning/19973.


Comments

  1. Dilini MBAApril 25, 2022 at 6:48 AM

    As explained in this article, HR planning is very important in order to analyse the best people for the job and to decide staff compositions for each unit. Planning will enable to train and develop employees for higher positions. This will have an overall impact on organisational performance and productivity. Good article. All the Best!

    ReplyDelete
  2. Sachini GamageApril 25, 2022 at 8:23 AM

    As you mentioned in this article employees will be able to be trained and developed for higher positions as a result of the planning. Nice piece of writing. Wish you all the best!

    ReplyDelete
  3. Darshana UndugodageMay 8, 2022 at 5:14 AM

    Human resource planning should serve as a link between human resource management and the overall strategic plan of an organization. Article clearly showcase the importance planning in HRM. Good luck.

    ReplyDelete

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