HUMAN RESOURCE PLANNING(HRP)

HUMAN   RESOURCE   PLANNING

HUMAN RESOURCE IS A VERY IMPORTANT ASSET FOR COMPANIES. HUMAN RESOURCE PLAN PLAYS VERY IMPORTANT ROLE TO REALISE OBJECTIVES OF COMPANY. IT IS ALSO CALLED EMPLOYMENT OR PERSONNEL PLANNING. IT IS THE PROCESS OF GETTING THE RIGHT NUMBER OF QUALIFIED PEOPLE INTO THE RIGHT JOB AT THE RIGHT TIME SO THAT ORGANISATION CAN MEET ITS OBJECTIVES. IT IS AN INTEGRAL PART OF THE OVERALL CORPORATE PLAN AND BROAD THINKING OF MANAGEMENT ABOUT MANPOWER WITHIN THE ORGANISATION.

WITHOUT HUMAN RESOURCE PLANNING, IT IS DIFFICULT TO FIND THE RIGHT PEOPLE AT THE RIGHT TIME. IT IS REQUIRE CHANGES IN MARKET CONDITIONS, TECHNOLOGY, PRODUCTS AND GOVERNMENT REGULATIONS IN AN EFFECTIVE WAY. IT ALSO HELPS IN DECREASING WAGE AND SALARY COST IN THE LONG RUN. IT PROVIDES USEFUL INFORMATION WHICH HELPS IN PROMOTION. IT OFFERS A NUMBER OF BENEFITS. IT SUPPLIES PEOPLE WITH REQUISITE SKILLS CONTINUOUSLY WHO CAN HANDLE CHALLENGING JOBS EASILY. TOP EXECUTIVES ARE RESPONSIBLE FOR HUMAN RESOURCE PLANNING BECAUSE IT IS ONE OF THE IMPORTANT FACTORS INFLUENCING THE SUCCESS OF AN ORGANISATION.  THE HR PLAN MUST FIT IN THE OVERALL OBJECTIVES OF THE ORGANISATION. IMPORTANT ASPECTS SUCH AS PEOPLE WORKING IN THE ORGANISATION, WORKING CONDITION, HUMAN RELATIONSHIP, ETC., MUST BE KEPT IN MIND WHILE DEVELOPING THE PLAN.