HUMAN RESOURCE PLANNING

Concept

Can be defined as the process of ensuring the right no. of qualified people into the right job at the right time to deliver the results in an efficient and effective manner
Process of analyzing and identifying the need for and availability of human resources so that the organization can meet its objectives.

Need/Importance

Maintain required number Forecast attrition/turnover rate

Personnel requirement

Meet HR need
Recruitment & Selection Placement

Develop HR for future

Training Performance Appraisal Career Development

Utilize HR

Process
Organizational plan & objectives Identify future HR requirements

Demand forecast

Make comparison No difference

Supply forecast

Difference

Shortage Take action

Surplus Take action

Demand forecast

Expert opinion Delphi technique Nominal group technique Regression analysis Trend analysis

Supply forecast

Skill inventory Replacement chart Markov analysis Movement analysis

Surplus manpower

Retrenchment Outplacement Lay-Offs Leave of Absence without Pay Loaning Work sharing Reduced Work Hours Early /Voluntary retirement Attrition

Shortage of manpower

Recruitment Selection Placement Promotion Transfer

Levels

Corporate level Planning Intermediate Level Planning Operations Planning Planning short term activities