HRP exists as a part of the planning process of business. It is the activity that aims to coordinate the availability of the right type of manpower for different types of employers. Major activities that HR planners perform include forecasting, (future requirements), inventorying (present strength), anticipating (comparison of present and future requirements) and planning (necessary program to meet the requirements).
The objectives of human resource planning are:
- Assessing manpower needs for the future and making plans for recruitment and selection
- Assessing skill requirements in future for the organization
- Determining optimum training and the development levels based on the needs of the organization
- Anticipating surplus or shortage of staff and avoiding unnecessary detentions or dismissals
- Providing the right personnel for the right work
- Controlling wage and salary costs
- Ensuring optimum use of human resources in the organization
- Helping the organization to cope with technological development and modernization
- Ensuring career planning of every employee of the organization and making succession programmes
- Ensuring higher labour productivity
- Providing control measures to ensure that necessary resources are available as and when required
- Linking manpower planning with organizational planning training levels
- Assisting productivity bargaining
- Study the cost of overheads and the value of service functions
- Deciding the nature of recruitment in accordance with the needs of an organization
- Adequate planning to cope with changes in the different possible aspects of an organization
- Preparing to meet organizational goals like expansion
- Providing data to support the decision-making process for employee promotions
In a nutshell, human resource planning is needed for maintaining the supply of human resources in an organization effectively, foreseeing its human resource requirements and planning to meet these needs.
