Human Resource Planning

 

Human Resource is the most precious commodity of any successful business organization. in  which,  Knowledge, skills have been encapsulated, that driving factors of productivity. If company do not have skillful and experience employees, company can not meets it’s objectives. In light of that,  Human resource market have been formed  as same as for other resources. basically, Human resource market function adhering the supply and demand  correlation. 

Owing to  dramatic development and competition of human capitol incentive business world , there is a growing demand for skillful and talented personalities. Every business organization is competing  to induct best  talented personalities and they have plane to train & develop skillful individuals in line with it’s long term strategic business plane.

Definition of Human resource planning

Human resource planning is a managerial function which is done by HR manger or department in order to ensure the availability of appropriate Human resources in line with company long and short term objectives and business activity, and  it is a process that consist of  identifying and forecasting of current and  future human resource requirement  so that company can meet it ‘s objectives as earmarked. Hence,  Human resource Planning should serve as a link between human resource management and the overall strategic plane of organization.

Why human resource planning is important

Similar to financial planning or production planning , Human resources planning is crucial. perhaps it is more critical than the other resources planning depending on the type of company and relevant domain’ s availability of appropriate Human resource. It is similarly contributes to preserve organisation objectives as same as Financial planning or supply chain planning.

Every organisation have many objectives,  such as diversification  of production, expanding, surviving etc. It depending on the organisation. Then,  organisation have a strategic plane to achieve those objectives. Next, Company needs apt  human resources at right time in required Quantity in order to drive it’s business in accordance with it’s strategic plane.

However, owing to competition between business organisation to acquire talent individuals, There is a human resource scarcity in market as same as other resources. On the other hand, human resources are diverse and inducting process is rather complex and longer. And also it take a extent of time duration to develop Human resource at required standard and skilled level.

Hence , without a plane, company can not supply right employee at right time by Required  Quantity. Then, it cause to under mine  it's strategic plane and on going business activity owing to shortage of appropriate human resource.

This can be limn through a example

Assume company, Leys name it as ‘ X', The X company do super market as their business activity  they have a network of Supermarkets that have spread around county.

Now organization have a objectives to double it’s number of Supermarkets with in four years. In light of that, Company X have a strategic plan to achieve it’s objectives. Then, company HR department have to act accordingly in order to Augment its work force so that strategic plane work according to plane.

If HR department don’t have a plane, they can not supply employees accordingly. Which in turn lead to fail strategic plane causing to worthless other resources such as finance etc, that have incurred for it’s objective. Hence, Human Resources Plane is critical to achieve desired objectives.

 

Process of Human Resource Planning

The process of Human resource planning is rather resemble to other planning processes such as financial planning, production planning or supply chain planning etc. Then, it is technically rather difficult activity demanding higher level of analytical, critical thinking skills, creativity and comprehensive knowledge about working procedures and standards of each Job role, and more importantly it have to be understood the scope and scale of business activity or intended strategic plane.

Basically HR planning process can be broken in to three phases

 Understanding company objectives and screening Business activities and  strategic plane

In very first stage of HR planning, it have to be understood the company main objectives, thence  Related business activity or business plan have to be screened in order to Comprehend the scope of company ‘s current and future business activity, under that It have to understand what type of productions the company do, required quality level, scale of production and other related ongoing operations etc, and thereby identifying the Required Workmanship and Qualifications of each employees so that employees can perform their job role effectively and efficiently

Forecasting of future and current Human resource requirement

Then, it have to figure out number of required relevant employees in order to perform each activity, and also have to Predict When each type and each number of employees are required. Then it have to be prepared a employees requirement in chronological order, further it have to be predicted required skills and Knowledge level in order to perform particular work activity. Generally, Mathematical, analytical tools and graphs are used to calculate relevant number of employees at related time of future.

 Preparing a Action plane

Based on forecasting, Action plane have to be formulated in order to supply appropriate Human resource in accordance with company ongoing operation and strategic business plane. Basically action plane shows the way how to supply Human resources in an ordered manner  according to the HR demand of organization, further it shows the pipeline of Human resource in  conductive to organization objectives. Basically, It comprised the way How talented and skilful candidate are inducted, how they are trained and thence deployed to right position at right time, plus  how they are rewarded and promoted etc,  Also this action plane should be included  how to procure resources and finance to  inducting, training and development activities.

Conclusion

Human Resource Planning is a very important managerial function of HR management, owing to Higher demand for talented individuals in business world, company must  have a plane to attract, trained, deploy and rewarded Human resources in order to meet organization objectives. The HR plane have to be prepared in line with organization current and future HR demand, Then, Human resource planning process consist screening and forecasting, moreover HR plane have to be accompanied by a action plane that shows the pipeline of Human resource supply.  

Reference

Adam Hayes, 2021, Investopedia(Online), Human Resource Planning (HRP), Available at- https://www.investopedia.com/terms/h/human-resource-planning.asp , [ Accessed on 14^th December 2021]

William Goddard, 2020, IT Chronicles (Online), Why is human resource planning important, Available at- https://itchronicles.com/human-resources/why-is-human-resource-planning-important/ , [ Accessed on 13^th December 2021]

Becky Simon, 2017, Smartsheet(Online), Use Human Resource Planning to Forecast for (Less) Risky Business, Available at- https://www.smartsheet.com/human-resources-planning-process , [ Accessed on 15^th December 2021]  

Brenden Mcconnell, 2021, Recruiteeblog(Online), How to do human resource planning in 2022, Available at- https://recruitee.com/articles/human-resource-planning-process , [ Accessed on 15^th December 2021]