HRM

Outline the main principles of human resource planning. Human Resource Planning also called Manpower planning deals with the identifying the needs of the company for skills, knowledge and labour, and initiating programs and actions to satisfy those needs. It is the process of planning and implementing the movement of employees into, within or out of the company in order to achieve the correct number of workers with relevant skills needed for the company to achieve its objectives. In other words, the human resources planning has to ensure that the required amount of employees with required skills are available whenever needed by the company. The objectives of Human Resource Planning are the following: • Deciding Goals: Human Resource Planning helps to achieve individual and organizational goals • Evaluating future organizational structure and human resource requirements • Auditing Human Resources on a constant basis in order to prevent overstaffing and understaffing • Undertaking Job Analysis through analysing the descriptions and responsibilities of specific jobs in order to hire the most suitable candidate for the position The Human Resource Planning is essential for a company for following reasons: •           To use the human resources of the company in a most efficient manner to gain maximum benefits. This task would be easier if information regarding the various aspects of human resources are collected and arranged in an organised manner by HR •           To forecast future requirements for human resources numbers and skills. This is especially important for companies that are planning expansion of operations. •           To help the companies to better adjust to changes in political, economic, social, and technological environment, where HR plays an important part in mergers, relocation of plants, downsizing, closing of some operations, etc. •           To determine the levels and standards of recruitment and induction. •           To devise training and…