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Objectives and BENEFITS OF HRP
Objectives and BENEFITS OF HRP
RESOURCE
PLANNING
HRP
Objectives of HRP
• To recruit and maintain the HR of
requisite quantity and quality
• To predict the employee turnover and
make the arrangements for
minimizing turnover and filing up of
consequent vacancies.
• To meet the requirements of the
programmes of expansion,
diversification etc.
• To anticipate the impact of technology
on work, existing employees and
future human resource requirements.
Objectives of HRP
• To appraise the surplus or shortage of human
resources and take actions accordingly.
• To maintain pleasant industrial relations by
maintaining optimum level and structure of
human resource.
• To minimize imbalances caused due to non-
availability of human resources of right kind,
right number in right time and right place.
• To make the best use of its human resources;
• To estimate the cost of human resources
Objectives of HRP
• Bridge the gap from where the
organization is and to where it wants to
reach: The HR personnel must endeavor to
study the HR gap and tries to bridge it
through various HR initiatives like
recruitment and selection, training and
development, retrenchment, lay-off,
outsourcing the HR activities
• Ensure optimum use of manpower and
capitalizes on the strength of HR: The
organization can have a reservoir of talent at
any point of time. People skills are readily
available to carry out the assigned tasks, if the
information is collected and arranged
beforehand
Objectives of HRP
• Forecast future requirements and provides
control measures about availability of HR
inventory: The HR personnel must develop
HRIS to keep track of the manpower
inventory and employee turnover. If, for
example, the organization wants to expand its
scale of operations, it can go ahead easily by
looking into the Human Resource Information
System (HRIS). Advance planning ensures a
continuous supply of people with requisite
skills who can handle challenging jobs easily
Objectives of HRP
• Forecast future requirements and provides
control measures about availability of HR
inventory: The HR personnel must develop
HRIS to keep track of the manpower
inventory and employee turnover. If, for
example, the organization wants to expand its
scale of operations, it can go ahead easily by
looking into the Human Resource Information
System (HRIS). Advance planning ensures a
continuous supply of people with requisite
skills who can handle challenging jobs easily
HRP
• Help determining and designing
recruitment and induction
program: HRP helps HR managers to
determine what kind of induction the
organization will require at such a
date. If he has a ready HR plan, he
will have fairly good idea what kind
of people are being recruited and at
what position. Thus he can
successfully plan the induction level.
HRP
• Anticipate
redundancies/surpluses/obsolescence
by looking into the issues relating to
right sizing: HRP means rightsizing the
people by anticipating the manpower
redundancies, surplus and obsolesces
• Determines training needs and works
as a foundation for management
development programs: If manpower
falls short, external recruitment is not
always the issue. Through training and
development programs, skill level of the
existing workforce can be enhanced to
accomplish organizational objectives.
HRP
• Help in making out the cost of
manpower if there is a new project
being taken up: In cases of expansions
or opening of a new factory, fro
example, the organization would
naturally require more human resources;
hence a budgetary allocation can be
made in advance for this upcoming
corporate strategic move. Planning
facilitates preparation of an appropriate
manpower budget for each department or
division. This, in turn, helps in
controlling manpower costs by avoiding
shortages/excesses in manpower supply.
HRP
• Help in making out the cost of
manpower if there is a new project
being taken up: In cases of expansions
or opening of a new factory, fro
example, the organization would
naturally require more human resources;
hence a budgetary allocation can be
made in advance for this upcoming
corporate strategic move. Planning
facilitates preparation of an appropriate
manpower budget for each department or
division. This, in turn, helps in
controlling manpower costs by avoiding
shortages/excesses in manpower supply.
HRP
• Assist in productivity
bargaining: For example, if a
firm is going fully automated, it
can negotiate for lesser workers
as required for the same amount
of the job by using the
manpower predictions regarding
the same. It can offer higher
incentives (VRS) to smoothen
the process of voluntary layoffs.
HRP
• Help in assessing accommodation
requirements: A good HRP can assist in
solving many problems of the firm. For
example, suppose the question is to
outsource an activity or not? The
organization has HRIS and HR manager
knows the distribution of workflow and
the present available staff who can
accomplish these activities. If it is
realized there is no one available for the
job in the organization, and training cost
is coming out to be more or in some cases
the skill is not going to be of much use,
then such activities may be subcontracted
or outsourced.
HRP
• Prepare people to meet future challenge:
The competent personnel of the organization
can be picked up, mentored and kept ready to
bear the responsibility of leading positions in
future. All MNCs have such policies and
programs where a “hot list” of promising
candidates is assessed and assisted
continuously for future management
positions. Wipro Infotech, for example, is
continuously conducting Leadership
Development Programs as part of the
Management Development Programs to
prepare the forerunners of the organization to
take future responsibilities. This selection is
possible only through a thorough HR plan.
• .
HRP
• Training development
There will constant changes in the
training and development need of the
employees depending on the
organizational changes
• To check joblessness.