HUMAN RESOURCE PLANNING

ITM-HRM-2013

Definition of Human Resource

• The ongoing process of systematic planning to achieve optimum use of an organization's most valuable asset - its human resource.

• The objective of human resource (HR) planning is to ensure the best

fit between employees and jobs, while avoiding manpower shortages or surpluses.

• The three key elements of the HR planning process Forecasting labour demandAnalyzing present labour supply, andBalancing projected labour demand and supply.

ITM-HRM-2013

What is Human Resource?

ITM-HRM-2013

Benefits of Human Resource Planning

• To meet up requirements of the organization• Counterbalance insecurity and change• It helps in checking labor imbalance• Right-sizing the human resource requirements of the organization• To meet expansion and diversification needs of the organization• Training and Development of employees• Fulfill Individual needs of the employees• Helps formulation of budgets• To check joblessness

ITM-HRM-2013

Factors affecting Human Resource Planning

ITM-HRM-2013

Type and strategy of Organization

Environmental Uncertainties

Time Horizons

Type and quality of Information

Nature of jobs being filled

Off-loading the work

Positive factors affecting HRP

ITM-HRM-2013

Anticipating future requirement

Recruitment and selection process

Placement of personnel

Performance appraisal

Promotion opportunity

Negative factors affecting HRP

ITM-HRM-2013

The future is uncertain

Conservative attitude of top management

Problem of surplus staff

Expensive Process

HUMAN RESOURCE PLANNING

• Arti Patange, Sucheta Kalebag• Ashwini Prabhu, Neethu Parambil• Pratibha S, Deepti Mane• Alok Kewat, Arvind Singh• Sagar Sawant, Abdul Arif• Sachin S, Mahesh Karane

ITM-HRM-2013