myz-vgb.ru A Business Encyclopedia

Human Resource Planning

Definition: The Human Resource Planning is the process of finding the right number of people for the right kind of a job, at a right time and the right place, by forecasting the organization’s demand for and supply of human resources in the near future.

In other words, Human Resource Planning is responsible for arranging the right people for the right job from all the available sources. And not only this, it also anticipates the vacancy arising due to the promotion, transfer, retirement, termination, of an employee and thus, plans for the manpower accordingly.

Immediate filling of vacancies reduces the idle time caused due to an employee turnover, and hence the functioning of the business process remains unaffected.

HR Planning
This planning is generally done to enable an organization to move from the current manpower position to the desired manpower position. The human resource planning begins with the enterprise’s estimation for the manpower requirement and then sources are found from where this need can be fulfilled.

The Human Resource Planning should not focus only on filling the vacant positions, but should emphasize on hiring the right person for the right job. It also focuses on developing the skills of an existing employee through an interactive training program, with the intention to make them well equipped with the skills required in the future, for the attainment of the organization’s objectives.

Leave a Reply

Your email address will not be published. Required fields are marked *

Shares

Related pages


revitalize definitionproprietorship definitionwhat is recruitment process in hrmdual branding definitionwhat is likert scale questionnaireeconomist mapsunion bank neft timingsdefinition of turnaround strategyitemized meaningdefine ansoff matrixwhat is aging scheduledebenture financingsnowball sampling examplescharacteristics of imperfect marketsignificance of elasticity of demandneoclassical theories of managementexplain expectancy theorywhat is the definition of autocraticordinal scale statisticsmeaning flankjudgmental sampleproduct line breadthwhat is whistltrend projection method of demand forecastinghow do you calculate inventory turnoverpure competition marketbudgeting processesfixed proportions production functionpure oligopoly definitionexample of ethnocentrickanban stock controlwhat is the meaning of kiosksmeaning of retailingrepo rate and reverse repo rate definitiondefinition inventory turnovercalculating asset turnover ratioacceleration principle in economicsacquired needs theory of motivationethnocentric definereturn on capital employed analysiswhats inductionmeaning of polycentricdefine retained earninghindrance of communicationwhat are the determinants of price elasticitydefinition of costing systemmonopolistic competitive marketleadership grid theoryethnocentric communicationclassical vs neoclassicalquick ratio acid test ratioemployees epfcarriage inward meaningfund transfer meaningdefine maulinghrm system definitionproduction isoquantregression coefficient symbolhuman resource management meaning in hindidefine monopolisticfactors considered in wage determinationdefine jitwhat does retrenchment meanstability defassumptions of capm explainedmarket morphology in economicsdefinition of providentfeatures of an oligopolyhenry fayol principles of managementmcclelland theoryrensis likert managementmeaning of training and development in hrmdiversified mutual fund definitionmeaning of gangplankdefine liquidity ratiodefine administrative management theorymonetarist inflationforecasting human resource demandvroom vie theory