Human resource planning is one of the crucial aspects of human resource management because it helps to ensure the needed manpower for organizational goal. Due to the globalization movement, the competition to provide quality and low cost products has been increasing day by day. In this situation, the HR department has to plan in order to provide the quality manpower to compete in the market. The supply of manpower must be sufficient to ensure the healthy operation of the organization. Otherwise, the stated goals and objectives cannot be accomplished on time.
Human resource planning may be defined as a process of predetermining future human resources needs and course of action needed to satisfy those needs to achieve organizational goals. It ensures that organization has right number and kind of people, at right place, and at right time capable of performing well in the organization. Human resource planning is a continuous process rather than a one shot affair. It tries to keep the organization supplied with required and capable people when they are demanded.
Moreover, human resource planning is a process of knowing that what kind of people should be recruited to ensure the quality performance of the organization. It tries to ensure that the required competency is maintain in line with organizational mission, vision and strategic objectives. It also determines and organization's human resource needs.It identifies what is to be done to ensure the availability of human resources needed to achieve stated goals and objectives within the given constraints
Thus, human resource panning (HRP) is a complex and continuous process which helps determine the manpower requirement of the organization. It helps to translate the organization's objectives and plans into the number of workers needed to meet the objectives. Hence, it claims at:
* Balancing demand and supply of workers
* Controlling cost of human labor
* Formulating policies on transfer, succession, relocation of manpower
* Ensuring right kind of people at the right time and right place.
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