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Human Resource planning
It is the process by which the management
determines how the organization should move from its current manpower position to its desired manpower position. Through planning, management strives to
have the right number and the right kinds of
people, at the right places, at the right time, doing things which result in both organization and the individual receiving maximum long-run Objectives of HRP To forecast future skill requirements. (Speaks about demand side-Quantitative aspect) To ensure optimum utilization of human
resources currently employed. (Speaks about
supply side-Qualitative aspect) Cope with changes Promote employees in a systematic manner Importance of HRP Future personnel needs Part of strategic planning Reservoir of talent Prepare people for future Expand/Contract/Cut costs Succession planning Foundation for personnel functions Factors Affecting HRP Type & Strategy of Organisation Organisational Growth Cycles & Planning Environmental Uncertainties Outsoursing Labour Market Type & Quality of Forecasting Information Time Horizons The HRP Process Techniques of HR Demand Forecasting Managerial Judgement Ratio Trend Analysis Delphi Techinique Work Study Techniques Regression analysis