Human Resource Planning - Business Management

1. Prestige Institute of Management and
Research
Presentation By –
Isha Joshi
[BFT-III Semester]

2. Meaning and Definition

3.  In simple words, HRP is understood as the
process of forecasting an organization's future
demand for, and supply of, the right type of
people in the right number.
 It includes the estimation of how many
qualified people are necessary to carry out the
assigned activities, how many people will be
available, and what, if anything, must be done
to ensure that personal supply equals
personnel demand at the appropriate point in
the future.

4. Objectives of HRP

5.  To recruit and maintain the HR of requisite
quantity and quality.
 To meet the requirements of the programmes
of expansion, diversification etc.
 To progress the knowledge, skill, standards,
ability and discipline etc.
 To maintain pleasant industrial relations by
maintaining optimum level and structure of
human resource.

6.  To minimize imbalances caused due to non-
availability of human resources of right kind,
right number in right time and right place.
 To make the best use of its human resources;
and
 To estimate the cost of human resources.
 To recruit and retain the human resource of
required quantity and quality.

7. Importance of HRP

8.  Forecasting Future Personnel Needs
 Coping with Change
 Protection of Weaker Sections
 International Strategies
 Creating Highly Talented Personnel

9.  Foundation for Personnel Functions
 Increasing Investment in Human Resources
 Resistance to Change or Move

10.  Other Benefits –
 HR cost can be lessen if human resource needs
are known before time
 Enough time available to locate talent from
market
 Better opportunities exist to include women &
minority groups in future growth plans
 Training and Development plans can be made
well before time

11. Thank You