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Human Resource Planning - How to Go About It!
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Human Resource Planning - How to Go About It!

by Shyamala Sankaranarayanan

The rule of supply and demand is applicable universally. Careful methodical planning, little ahead of time can provide a breather to think about the pros and cons of human resource management.

Planning leads to perfection. Any action before execution has to be planned in such a way that the process is completed within the stipulated time and saves time and energy. Corporate companies have an exclusive corporate planning department that offers expertise and guidance for planning the future needs of the organization. Human resource planning is a process that forecasts the future manpower needs of an organization. It ensures the supply of right person for the right job and at the right place and cost.

Modern business environment is full of competition that makes the availability of skilled labor a big problem and even if you find the right person, retaining him will be the next challenge, such is the situation. Employees are very smart and they are highly informative and aware of the legalities that favor their existence and empowerment. Organisations have to employ suitable strategies to recruit, select, train and retain their work force and perfect planning is the critical success factor of any action plan.

Analysis of existing manpower inventory has to be done through a mix and match strategy, wherein to gauge if the pay off matrix in terms of productivity and cost favors you or if there is a need to hire more capable human resource personnel to fill the gap. For jobs of high caliber, less the number of people more the contribution. In labor intensive industries managers have the constant headache of recruiting and maintaining work force to satisfy the production target. Analysis of future manpower needs is a continuous process as you never know when a qualified personnel will jump over the fence.

Demand versus supply is the criterion that decides the fate of human resource recruitment. Most of the companies in the developed countries outsource their jobs to developing countries where the labor is cheap and available in plenty. The job of the outsourcing company is to monitor their performance and to extract desired quality of work that has to be completed on time.

The HR planning life cycle starts with acquisition of employees through recruitment and selection, traverses through training and development, maintains the status quo by motivation, incentives and rewards and comes to the end of a full circle by empowering its employees. Manpower planning involves cost which is a very important criterion while planning. Growing cost of living, technology upgradations, legal formalities and competition for the availability of labor has led to increase in cost for the process of recruiting and selecting lest to talk about pay and promotions.

Hr programmes have to be implemented stage by stage and the objectives of the firm are to be reached in a methodical way as policies, strategies and programmes are derived only out of objectives. Hired employees have to be suitably and effectively utilized in an organization that gives them satisfaction and offers stability. Human resource manager has to take care of the following two most important aspects while planning, the planning must be realistic and objective and has to be faithfully worked upon.

"Plan to work" and "Work to plan"should be the mantra. HR policies and programmes form a framework or reference point from where the managers could develop strategies and initiate them. Planning gives a purpose and direction to the managers and broad limits within which action is to be taken. Human resource is considered to be the most important and indispensable resource and quick action is the order of the day to grab the most coveted work force into your company.

Article Source: http://EzineArticles.com/5577535

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