It involves determination of future needs of manpowerin the light of organizational planning and structure.Determination of manpower needs in advance,facilitates managements to take up necessary actions.3.
It does take into account the manpower availability ata future point in the organization. Therefore, itindicates what actions can be taken to make existingmanpower suitable for future managerial positions andthe how gap between needed and available manpower canbe fulfilled.
Thus, we can summarize that: “HRP is a kind of riskmanagement. It involves realistically appraising the presentand anticipating the future (as far as possible) in order toget the right people into right jobs at the right time”.
The basic purpose of having a human resource plan is to havean accurate estimate of the number of employees required, withmatching skill requirements to meet organisational objectives.It provides the information about the manner in which theexisting personnel are employed, the kind of skills requiredfor different categories of jobs and human resourcerequirements over a period of time in relation toorganisational objectives.Human Resource Planning is required to meet the followingobjectives.1.
Forecast personnel requirements
: HR planning is essentialto determine the future manpower needs in anorganisation. In the absence of such plan, it would bedifficult to have the services of right kind of people atthe right time.2.
Cope with Changes
: HR Planning is required to cope withchanges in market conditions, technology, products andgovernment regulations in an effective way. These changesmay often require the services of people with therequisite technical knowledge and training. In theabsence of an HR plan, we may not be in a position toenlist their services in time.3.
Using existing manpower productively
: By keeping aninventory of existing personnel in an enterprise byskill, level, training, educational qualifications, workexperience it will be possible to utilize the existingresource more usefully in relation to the jobrequirements. This also helps in decreasing the wage andsalary costs in the long run.