Unit 2 (P 12) :Meeting HR Requirement: HR Planning concept and importance

"Somebody once said that in looking for people to hire, you look for three qualities: integrity, intelligence, and energy. And if they don't have the first, the other two will kill you".   Warren Buffet

Human Resource planning concepts 

• It is the process of forecasting an organizations future demand for, and supply of, the right type of people in the right number and what must be done to ensure HR with the necessary skills when they are required in future. It is a sub-system in the total organizational planning. HRP facilitates the realization of the company’s objectives by providing the right type and the right number of personnel.
• HRP is the process of assessing an organization’s human resource needs in relation to organizational goals and making plans to ensure that a competent, stable workforce is employed.
• HRP ensures that the organization knows and gets what it wants in the way of the people needed to run the business now and in the future.
• HRP ensures that organization has the right number and kinds of people, at right place, at the runtime, capable of effectively and efficiently completing those tasks that will help the organization to achieve its overall strategic objective.
• Thus, HRP is the process of forecasting an organization future demand for and supply of , the righty type of people in the right number and to ensure , what must be done to have necessary system in the total organization planning.

Importance of Human Resource planning 

1. Future HR needs: It helps to determine the future HR needs; surplus or deficiency in staff strength is the result of the absence of or defective planning.
2. Coping with change: HRP helps to cope with changes like, competitive forces, markets, technology, products, and government regulations. These changes generate changes in job content, skills demands, and number and type of personnel. 
3. Creating highly talented personnel: It helps to create pool of talented personnel by establishing different training programs according to the changing environment. HR succession planning ensures what type and when the talented personnel are required.
4. Ensure employment opportunities: The government equal employment opportunity and affirmative action’s regulations to protect the weaker sections of society is given due priority while recruiting and selecting.
5. Base for the HRM functions: HRP provide essential information’s for designing and implementing HRM functions. It is blue print that how HR will be selected and nurtured in the organization.
6. Trend of increasing investment in HR: Investment in HR is valued as one of the important aspects of employee development. HRP in this contest help to define the amount of investment to be made in order to achieve adequate return as organization has expected. 
7. Creating flexibility to change: HRP helps to define the criteria’s under which individual employees are nurtured to make them adjust to the changes coming in future.
8. Support decision making: HRP helps organization to make long term decision in the light of information of future situation of HR. It will guide organization to make more realistic and attainable goals.
9. IHRM: HRP will grow increasingly important as the process of meeting staffing needs form foreign countries and the attendant cultural, language and development considerations grow complexities while filling key jobs with foreign nationals and the re-assignment of employees from within and across national borders.

Long Question:

"Proper Human Resource planning is foundation for all  functions of HRM". Explain.

Short Question:

State any two importance of HRP, which is not mentioned above.