Is your human resource strategy more of a fingers-crossed, hope-for-the-best type of plan than a concrete, actionable map to success? Are you sick of rushing to replace employees while your staff works overtime? The Center for American Progress estimates that turnover costs an organization 213% the cost of salary and benefits for the position. Isn’t there some way a company can cut down on that? Show
It turns out, there is. Human resource planning is something that just about every organization can benefit from. So, what exactly is it, and how can your company put it to work? What is Human Resource PlanningWhen a company has more than one position, it becomes necessary to find and maintain an adequate amount of quality employees. Human resource planning is one way to do that. HR planning refers to the process of matching the right employee for a given job, without staffing too few or too many people. This takes a great deal of planning and foresight to successfully achieve. Need for Human Resource PlanningAny organization with multiple employees has a need for human resource planning. An organization that shies away from HR planning runs the risk of either over or understaffing, not to mention hiring incompetent employees and wasting money on training. Importance of Human Resource PlanningA holistic approach to HR planning is important for a number of reasons.
( Also Read: HR Planning Tools and Techniques ) Steps in Human Resource Planning ProcessAs with any process, there are several steps you should follow if your organization decides to begin human resource planning.
Features of Human Resource PlanningA successful human resource planning strategy may look different from organization to organization. It should, however, have some common features.
Benefits of Human Resource Planning
Final ThoughtsHuman resource planning is an important part of a holistic approach to HRM. A good plan allows your organization to anticipate turnover and future staffing needs, adapt to change, and to grow, among other things. Winging your approach to HR can work in the short term, but a solid human resource plan is necessary for true and manageable growth. If your organization does not have a plan yet, consider putting one together today. What are the important elements in strategic human resource planning?The three key elements of the HR planning process are forecasting labour demand, analysing present labour supply, and balancing projected labour demand and supply.
What are the different kinds of human resource planning?There are two types of Human Resource Planning (HRP). Hard Human Resource Planning. Soft Human Resource Planning.
What are the important of human resources planning?Human resource planning identifies the skills required for the different job levels. It then organises various training and development campaigns to equip employees with the skills and abilities required to perform the job effectively and efficiently.
What are the core steps elements in the HR strategic planning process?4 steps to strategic human resources planning. Assess current HR capacity.. Forecast HR requirements.. Develop talent strategies.. Review and evaluate.. |