Human Resource Planning - 3781 Words

Human Resource Planning (3rd Class) Definition: The ongoing process of systematic planning to achieve optimum use of an organizations most valuable asset - its human resources. The objective of human resource (HR) planning is to ensure the best fit between employees and jobs, while avoiding manpower shortages or surpluses. The three key elements of the HR planning process are forecasting labor demand, analyzing present labor supply, and balancing projected labor demand and supply. Rigorous HR planning links people management to the organizations mission, vision, goals and objectives, as well as its strategic plan and budgetary resources. A key goal of HR planning is to get the right number of people with the right skills,†¦show more content†¦But what is not widely known is the absence of succession planning in most public sector units. Absence of succession planning has resulted in a situation where many organizations function without chief executives. The anomaly of surpasses labor, juxtaposed with the lack of top executive stems from the absence of or a defective HRP. 2. Part of Strategic Planning As pointed out earlier HR management must become an integral part of strategic management process. All activities of HRM-planning, hiring, training remunerating and maintaining-must be merged with strategic management. HR planning can become part of strategic planning at two ends. At the beginning of strategic planning. HRP provides as set of inputs into the strategic formulation process in terms of deciding whether the types and numbers of people are available to pursue a given strategy. At the end of strategic planning process, HRP is relevant in terms of implementation concerns. Once the strategy is set, executives need to make resource allocation decisions, including those pertaining to structure, processes and human resources. In most successful companies there is virtually no distinction between strategic planning and HRP; the planning cycles are the same and HR issues are seen as inherent in the business management. HR managers are important facilitators of the strategic planning process and are viewed as important contributors to carve theShow MoreRelatedHuman Resources Planning And Human Resource Planning1603 Words   |  7 PagesHuman resource handle administrative functions in an organisation and Human resource planning expand strategies for relating the skills and size of manpower to enterprise needs. In simple words the planning system makes recruitment, gives training and restructures the staff requirement to meet the organisational goals and changes within the environment. Human resource planning is a paramount component of Human resource management. B.J Smith (1992) describes that Human resource planning is the legalRead MoreHuman Resources Planning : Human Resource Planning Essay1436 Words   |  6 Pages Human Resource planning Name: Institution: Human Resource planning I am Juanita Espinosa, a young professional practising the human resource profession in an administrative capacity for the first time. The organisation that I am working with now is a non- profit one whose mission is to ‘stamp out hunger among the young and elderly in our lifetime.’ I am faced with several challenges at my new posting with the organization at the point of closure. I have the responsibility of identifyingRead MoreHuman Resource Planning : Strategic Human Resources Planning1487 Words   |  6 PagesQuestion #1: Define and explain the significance of the term ‘derived demand’ as it applies to Strategic Human Resources Planning. (5 marks) The term ‘derived demand’ is used to describes how the changes in demand for one product could either increase or decrease the demand for another product. An example of this occurring could be within the automotive industry. If the demand of vehicles increase so does the raw materials to make them and vice versa. This happens because the demand of vehiclesRead MoreHuman Resource Planning And Human Resources2006 Words   |  9 Pagesdevelopment of human resource planning firm employees to find is very important. Aim to achieve the organization in this way it should be internal or external supply to assess whether labor supply. With the needs of the firm s main specialty AD-workers describe the job analysis, there should be. Today s executives of particular concern for the effective and acurate in human resource planning for the needs of internal and external supply of labor. Human Resource planning is the planning which canRead MoreHuman Resource Planning595 Words   |  3 PagesHuman Resource Planning The function that I will explore in depth is Marks and Spencer human resource planning primarily concerned with the organisation possessing sufficient numbers of employees and of the right standard. The four main purposes of the human resource planning function are:  · Marks and Spencer establish clear links between organisational objectives and human resource plans so that successful co-ordination of the two can be set out.  · To giveRead MoreHuman Resource Planning1429 Words   |  6 Pages1. What is Human resource planning? Human resource planning links people management to the organization, mission, vision, goals, and objectives as well as its strategies plan and budgetary resources. A key goals of HRP is to get the right number of people with the right skills, experiences and competencies in the right jobs at the right time at the right cost. 2. What is strategic planning? Strategic planning is the process of taking inputs (information), organizing and making sense of thatRead MoreHuman Resource Management And Human Resources Planning930 Words   |  4 PagesThe career path I chose was that of human resources the reason I chose this is because I really enjoy helping with their problems while also being able to help the big picture. This is meaningful to me besides the fact with being able to help people with their problems. Depending on the place that you work for you can also make a nice bit of money and be able to travel throughout the country. I personally do not have any experiences in working in this career field but I have helped my mother withRead MoreHuman Resource Planning Process For Human Resources804 Words   |  4 Pagesfor this assignment covered human resource management. Items discussed in this chapter were the importance of human resource management in an organization, the planning process for human resources, how a manager needs to be familiar with U.S. federal laws and regulations, the steps in the employment process, and current issues faced by human resources. According to Dunlap Garvin (2010), good employees can be the key to success in an organization. A human resources department has several importantRead MoreHuman Resource Planning2071 Words   |  9 PagesPrevious decades have seen considerable changes within implementation of human resource planning. The following report has been devised in order to analyse occurrence and reasoning of these changes. The following points shall be reviewed: • Identification of the different drivers which affect organisational management. • Analysis of the changes in human resource management implementation consequential of the above stated changes. • Explanation of adaptations of the recruitment and selectionRead MoreThe Term Human Resources Planning1128 Words   |  5 PagesDefine and explain the significance of the term ‘derived demand’ as it applies to Strategic Human Resources Planning. (5 marks) Derived demand is defined as a requirement for one product that is created due to the purchase of another product. It occurs for consumers who purchase goods for further production, because their purchases are based on the demand for their final product.[1] For example, when the demand for automobiles is high, the derived demand for steel, and all other products used to