Importance of Human Resource Planning for Organization

 

 

 

Introduction

HRM is now often seen as the major factor differentiating between successful and unsuccessful organizations, more important than technology or finance in achieving competitive advantage.

Human Resource Planning process that consists of developing and implementing plans and programs to ensure that the right number and type of individuals are available at the right time and place to fulfill organizational needs (Randal, 2000).

 

Source: Ahaduzzaman (2020)

According to the George (2019) has explained the types of the HR planning steps. These are as follows.

• ·   Short-term or long-term
• ·    Formal or informal
• ·    Comprehensive or specific
• ·    Single choice or multiple choice

 Objectives of the HR Planning

•      To ensure the optimum use of the existing  HR
•      To provide the direction to all HR activities & system
•      To reduce the labor cost
•       Determine Manpower Gap
•       Effective Management of Change
•       Forecast future requirements of human resources with different levels of skills

 

HR planing process 

 

    Source: Study Text CCHRM (2013)

Important factors need to be consider when HR demands

•       Demand for the good and service
•       Objective and strategic plan of the organization
•       Technological changes
•       Demographic changes including age, composition and literacy,
•       Political and legislative issues, including laws and administrative
•       Social change
  

Global context with Walmart

Walmart is an American multinational retail company having two million employees.HR department forecasts its workforce needs to ensure capacity to address changes in consumer demand. While other forecasting methods and techniques are also used, these three are the most notable at Walmart:  Bottom-up approach, Trend analysis and Delphi method.

Local context with Sri Lanka Telecom

SLT is a leading company  is practicing the HR planning in systematic method and its high impact available for the organization performance. Because telco industry is based on the services sector hence need skill based employees to perform well . Currently following the short term and long term HR plan types to maintain the human resource requirement. I would like to recommend to decentralized HR department based on the regional wise to identify the actual gaps in regional setup .It will be great for the company performance.

Conclusion

Any organization should have an organization plan to achieve the set goals. Human resource is the work force bring in to the action plan. It is an integral part of the business and is directly related to the formulation and implementation of business strategy

 

 Source :You tube

References

Ahaduzzaman, 2020. bbalectures. [Online]
Available at: https://www.bbalectures.com/what-is-human-resource-planning/

Anon., 2013. STUDY TEXT CCHRM. COLOMBO: CIPM.

George, V., 2019. THE ROLE OF HUMAN RESOURCE PLANNING IN THE HUMA Randall, S.(2000), Human Resource Planning, Vikas Publishers, New Delhi India.N RESOURCE NETWORK, p. 6.

Thompson, A., 2017. Walmart’s HRM: HR Planning, Job Analysis & Design. [Online]
Available at: http://panmore.com/walmart-human-resource-management-planning-job-analysis-design
[Accessed 20 04 2021].

Randall, S.(2000), Human Resource Planning, Vikas Publishers, New Delhi India.

https://www.youtube.com/watch?v=LdNm8-euIjA