its fully helpful to understand HRM (human resource management ) planning and its importance with important key points

1. Human Resource Planning & its
Importance
Miss Arooj Fatima

4. Factors Affecting HRP

5. What is HRP?
• Human resource planning (HRP) is the continuous process of systematic
planning ahead to achieve optimum use of an organization’s most valuable
asset.
• Human resources planning ensures the best fit between employees and jobs
while avoiding manpower shortages or surpluses.

6. HRP
• Labor Markets.
• Type and Quality of information.
• Time Horizons.
• Environment Uncertainties.
• Organizational Growth Cycles and Planning.
• Strategy of the organization.

7. Type and Strategy of the Organization
• The type of organization determines the process involved number and types
pf staffed needed, and the supervisory and managerial required.
• Example_ A small organization like a start up look for few employees but
the MNC plan for the bigger number of employees at different positions.
• The strategic plan of the organization defines the organization’s HR needs.

8. Organizational Growth cycles and Planning
• Organization in the embryonic stage may not have personal planning.
• Need for planning is felt when the organization enters the growth stages.
• HR forecasting become essential.
• Internal Development of people also begins to receive attention in order to
keep up with the growth.

9. Organizational Growth cycles and Planning
• In maturity growth slows down.
• Planning becomes less flexible and innovative.
• Less number of people is required.
• Finally in the declining stage.
• Planning is done for layoff retrenchment and retirement.

10. Environmental Uncertainties
• HR mangers rarely have the privilege of operating in a stable and predictable
environment.
• Political, social and economic changes affect all organization.
• Personnel planners deal with environment uncertainties by carefully
formulating recruitment, selection and training and development policies and
programmers.

11. Time Horizons
• Time plays a critical role in Human Resource Planning.
• On one hand, there are short term plan spanning six months to one year.
• On the other hand, there are long terms plans which spread ovwer three to
five years.
• The exact time span, however depends on the degree of uncertainty
prevailing in an organization’s environment.

12. Type and Quality of Information
• A major issue in personnel planning is the type of information which should
be used in making forecast.
• The quality and accuracy of information depends upon the transparency
with which it has been collected.
• In addition, the HR department must maintain well developmed jon analysis
information and HR information systemsthat provide accurate and timely
data.

13. Labor Market
• Labor markets composes people with skills and abilities that can be tapped as
and when the need arises.
• Thanks to the mushrooming of educational, professional and technical
institutions adequately trained human resources is always available on the
markets.
• However, there are always chances of surplus and shortage of skilled
workforce required in the particular field.