Significance of human resource planning. Why Human Resources Management Is Important 2019-02-04
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The Importance of Human Resource Planning
Planning for a reduction in the workforce is also intensive and requires strategic thinking to work through temporary or permanent layoffs. The main motive in this step is to generate an effective and detailed human resource inventory report which include complete information of employees by name, education, training, prior employment, current position, performance ratings, salary level, languages spoken, capabilities and specialized skills. The executive should know the persons who will be available to him for undertaking higher responsibilities in the near future. Keeping Manpower Inventory: It includes the inventory of present manpower in the organisation. These catalogs can be assessed to deem whether or not an employee is ready to add more responsibility, or to forecast the employee's future development plans. By maintaining a balance between demand for and supply of human resources, human resource planning makes optimum use of human resources, on the one hand, and reduces labour cost substantially, on the other.
It also limits legal liability for the company which does far more than protect just the company. It involves gathering information that ensures managers are able to make sound decisions. Measuring productivity before and after the implementation of each program can demonstrate increases in output. His daily duties include finding, hiring, and training employees. Journal of World Business, 51 1 , 142—152. The plans are, then, implemented taking into confidence the mangers so as to make the process of execution smooth and efficient. This sets a legal precedent within the company with the intentions of making it a safe and comfortable place to work.
These programs will include benefit programs to satisfy employee needs and impact the ability to retain staff, as well as training programs to ensure that staff are prepared to meet current and future demands. Human resource planning is also essential in the face of marked rise in workforce turnover which is unavoidable and even beneficial. Technological changes and globalisation usher in change in the method of products and distribution of production and services and in management techniques. This step begins with developing a profile of current employees in the organization. They protect the company from legal ramifications when the company follows protocol and reprimands violators and they also protect the employee from harassment and mistreatment at work. Careful consideration of likely future events, through human resource planning might lead to the discovery of better means for managing human resources.
Human Resource Planning (HRP): Definition, Importance & Process
Planning for Changes Meet Kip. Communicating this difficult message effectively requires an excellent human resources team that really understands the process. Is the status quo acceptable, or should the company reorganize its staff so it can make more money? In this lesson, we will learn why a company such as TechWorld would prepare for the changing needs of the company by utilizing human resources planning. Kip works for TechWorld in the human resources department. She is a passionate writer and a blogger. Human resource planning is a process that identifies current and future needs for an organization to achieve its goals. 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.
Keep in mind you will need to also accommodate for external challenges that can affect your organization. Strategic Human Resource Management In Health Care. Does the company need more managers? Ageing workers population in most western countries and growing demands for qualified workers in developing economies have underscored the importance of effective human resource planning. Forecasting retirements is also one major facet that needs consideration when businesses assess future staffing levels. Rather the latter is a part of the former i.
Legal planning and process building are used to shield the company from legal ramifications for discrimination of workplace misconduct. Companies often need employees with expansive skill sets. This is precisely the reason for seeking employment by most jobseekers. 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. Numerous certification programs are also available to qualify individuals coming from other fields.
Human Resource Planning : Objectives, Need, Importance and Levels
It takes a great deal of time to set up an effective recruitment process involving deciding on what the jobs that are to be recruited for will entail, advertising, shifting through applications, checking which applications best meet the criteria set down for the post, interviewing candidates and, finally, selecting the best candidate for the post. These policies are targeted not only for selecting and training employees but also how they should conduct themselves in and outside the workplace and various other aspects of being employed at a workplace. The planning aspect applies to the additions of permanent employees, temporary employees and contract workers. Effective planning in the human resources department leaves the managers in position to focus on meeting goals that are responsible for driving revenue rather than spending time dealing with administrative issues and employee paperwork. Does the firm need to hire more staff to compete in a future marketplace, or are more automated tools necessary to capture more from competitors? Additionally, they can introduce incentive programs, health programs, gym membership discounts and general wellness programs to create a healthy and productive workplace. This theory also involves looking at the value of human capital as well as social capital both in and outside of organizations and how this affects human resource practices.
Last but no means the least, with increase in skill, knowledge, potentialities, productivity and job satisfaction, organisation becomes the main beneficiary. Strategic Human Capital Management in Municipal Government: An Assessment of Implementation Practices. These changes lead to an overall change in the number of employees required and with entirely different skill set. It is here that the Human Resource Planning helps the organization deal with the necessary changes. Workplace safety specialists also engage employees in promoting awareness and safe handling of dangerous equipment and hazardous chemicals. All of these impacts have an effect on the type and numbers of employees that are needed for the business to remain successful.
