2. [1] Introduction
Human Resource Planning is one of the
important functions of Human Resource
Management. Human Resource Planning tries
to strike a balance between the requirements
of Human Resource and its supply in an
organization so that required number of
human resources may be available to achieve
objectives of organization effectively.
3. [2] Meaning of HRP
According to Geisler “Human Resource Planning
is a process of forecasting, developing and contro-
lling by which a firm ensure that it has the right number
of people and right kind of people at the
right place, at the right time doing work, for which
they are economically most useful”.
“HRP is a strategy for the acquisition, utilisation,
improvement and preservation of an enterprise‘s
human resources”. - Stainer
4. [3] The Process of HRP
1. Clarification of objectives.
2. Estimating future requirements of human resource
3. Collection of information of present HR
4. Determination of job requirements
5. Estimating the supply of human resources
6. Evaluation of HR plans for necessary actions
5. [4] Factors Affecting HRP
1.Internal Factors
- occurs within the
organisation
- can be controlled
by the organisation
2.External Factors
- occurs outside the
organisation
- cannot controlled
by the organisation
6. (A) Internal Factors
1. Estimating sales and production
2. Retirement
3. Job requirements
4. Promotion, transfer and training
5. Budget
6. Financial position
7. Managerial attitude towards staff stability
7. (B) External Factors
1. Supply of manpower
2. Legal provisions
3. Contract with labour unions
4. Technological changes
5. Reduction in government expenses
6. Social factors
8. [5] Importance of HRP
1. Provides estimate of human resource requirements
2. Provides guidelines for promotion and transfer
3. Helpful in training programme
4. Compliance with budgetary provision
5. Solution of retrenchment issue
6. Saving of time, energy and cost
7. Improve employees morale and satisfaction
8. Control rapid expansion or reduction in workforce
9. [6] Limitations of HRP
1. Uncertain estimate.
2. Lack of response or co-operation from higher
executive
3. Lack of essential information
4. Expensive
5. Budgetary limitations