Human Resource Planning

Human Resource Planning can be defined as the process by which an organisation ensures that it has the right number and kinds of people, at the right place, at the right time, capable of effectively completing those tasks that will aid the organisation in achieving its overall objectives.

Importance of Human Resource Planning

Human Resource Planning is important as it’s used to determine the demand and supply of human resources in an organisation, helping to avoid either surpluses or deficiencies in staff.
The process allows an organisation to adapt to changes in the market - this can relate to new technologies, changes in demand, or governmental regulations.
By planning in advance, an organisation can have the right employees with the right skills ready for when they are needed. This can increase efficiency and reduce costs.

Elements of Human Resource Planning

Forecasting Labor Demand: A prediction of future staff needs, usually based on the strategic plan of the company, past labour trends and statistical analysis.
Analyzing present labour supply: Assessment of how many employees are currently working, what roles they are in and any future changes that might happen, such as retirements or promotions.
Balance of supply and demand: If demand is greater than supply, there may be a shortage of staff. If supply is greater than demand, there may be a surplus.
Developing and implementing HR Plans: This could involve recruitment, job redesign, changes to work hours and training or development to fill any gaps.

Remember that Human Resource Planning is strategic in nature. It’s not just about hiring and firing but planning for the future needs of the organisation. It’s about putting the right people, in the right place, at the right time.