Ans. Human Resource planning (HRP) may be defined as a strategy for the acquisition, utilization, improvement and preservation of an enterprise’s human resources.It is a process of forecasting developing and controlling human resources to ensure that the firm has the right number and right kind o people, which is required to work at the right time, adjusting to the requirements and the available supply. It assess manpower requirement in advance keeping the production schedules,market fluctuations, demand forecasts, etc in the background.It is the integral part of the overall corporate plan and reflects the broad thinking of management about manpower needs in the organizations. Manpower plans are prepared for varying time periods i.e. short term plans covering a time frameof 2 years and a long term plan encompassing a period of 5 or more years.Purpose of Human Resource planning:The basic purpose of having a manpower plan is to have an accurate estimate of the number of employees requires, with matching skills requirement to meet organization objectives. More specifically, manpower planning in requires to meet thefollowing objectives:A. Forecast personnel requirements: Manpower planning is essential to determine the future manpower needs in an organization. In the absence of such a plan, it would be difficult to have the services of right kind of people at the right time.B. Cope with changes: Manpower planning is required to cope with changes inmarket conditions, technology, products and government regulations in an effective way. These changes may, often require the services of people having requisite technical knowledge and training. In the absence of manpower plan, we may notbe in a position to enlist their services in time.C. Use existing manpower productively: By keeping an inventory of existingpersonnel by skill, level, training, educations qualification, work experience,it will be possible to utilize the existing resources more usefully in relationto the job requirements. This will help in decreasing wage and salary cost in the long run.D. HRP spells out the qualifications, skills, expertise, knowledge, experience, physical abilities, occupation groups, etc of personnel required in an organization.E. It gives adequate lead-time for recruitment, selection, training and development of personnel.F. Promote employees in a systematic manner: Manpower planning provides useful information on the basis of which management decides on the promotion of eligible personnel in the organization. In the absence of manpower plan, it may bedifficult to ensure regular promotions to competent people on a justifiable basis.Processes of Human Resource Planning:HRP is a multi-step process. Various steps are discussed below:a. Objectives of HRP:Most Common Objectives of a HRP are as follows:• Making correct estimates of manpower requirements.• Making a sound recruitment and selection policy.• Making a sound training and development policy.• Managing the manpower according to the requirement of the organization.