Question
What is human resource planning? Why is it important in management.
Answer :
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Human resource planning is the process of determining an organisation’s future requirements for human resources and ensuring that the right number of people, with the right skills and abilities, are available at the right time and in the right positions. It involves forecasting the organisation’s demand for employees, assessing the existing workforce, identifying shortages or surpluses, and developing appropriate measures such as recruitment, selection, training, promotion, transfer and retirement planning. Human resource planning connects the organisation’s overall objectives with its human resource requirements. The process generally begins with analysing organisational goals and future business plans. Management then forecasts the number and types of employees required. This is compared with the existing workforce in terms of numbers, qualifications, experience, skills and potential. If a shortage is anticipated, the organisation may recruit new employees or provide training and development to existing employees. If there is a surplus, measures such as redeployment, transfers, reduced recruitment or voluntary retirement may be considered. Thus, human resource planning is a continuous and systematic managerial activity. Human resource planning is important because human resources are
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