IMPORTANCE OF HUMAN RESOURCE PLANNING

 

IMPORTANCE OF HUMAN RESOURCE PLANNING

Introduction

When a company says that their workers are the essential factors in the growth and success of the business, you need to take such words seriously. Have all the financial resources to run a business, without the right employees; the company might not survive for long.

“Human resource planning is the strategy firms use to acquire, utilize, improve and preserve their workforce”. The sole aim is to fit job seekers or employees to the right position and also to use the available human resources at the company’s disposal optimally.

Significance of HR Planning

Planning is a process that has to be commenced from somewhere and completed for a particular purpose. It involves gathering information that ensures managers are able to make sound decisions. The obtained information is also utilized in order to achieve it’s the goals. If HR planning is applied properly, it can help in answering the four important questions:

• What is the strength of the organization?

• As far as skill sets are required what kind of employees does the organization have?

• How should the organization function in order to be able to utilize all its resources properly?

• How can the company retain its employees?

Effective HR planning helps the organization work smoothly and also achieves success in the present times. HR professionals working towards developing HR planning for an organization, assists the organization to manage its staff strategically. Apart from that HR planning can also ensure a proper career planning for employees and help them in achieving their goals. It will also ensure augmentation and eventually make the organization a better place to work in. The major steps involved in HR planning include the following:

• Forecasting

• Inventory

• Audit

• HR Resource Plan

• Actioning of Plan

• Monitoring and Control

From forecasting to Actioning of planning requires a lot of concentrated effort. The HR department of any organization has an enormous task – that of keeping pace with all the changes and ensure that the organization has the right kind of employees at the right time.

Conclusion 

Just as planning is important in our daily lives’, planning forms an integral part of an organization. An organization’s success lies to a great extent to the skill, creativity and dedication of its employees. Here comes the importance of Human Resource Planning. Surprisingly, many organizations tend to overlook this aspect of HR and some are even not completely aware of it. Organizations that overlook this aspect of planning, have less chances of surviving in the long run; needless to say that a proper HR planning can help in dealing with a lot many issues in an effective way.

References

Deckop , J. R., 2006. Human Resource Management Ethics. Greenwich: Information Age Publishing .