Human Resource Planning

 

Human Resource Planning

What is Human resource planning?

Human resource planning helps organizations identify current and future workforce needs as they relate to the overall strategic priorities for the company. It is the steps and processes that organizations take to properly plan their HR requirements and programs to ensure they are in alignment with the company’s strategic plan (visier.com, n.d.).

Human resource planning, also known as workforce planning, helps organizations recruit, retain, and optimize the deployment of people needed to meet strategic business objectives and to respond to changes in the external environment. In order to proactively avoid talent shortages or surpluses and achieve a balance of talent based on need, effective human resource planning is an ongoing, systematic process (Simon, 2017).

 

Importance of HR Planning.

  • Increases the value of current employees - Human resource planning emphasizes reviewing current employees, their job titles and additional skills that make them vital to company operations along with training needs. By doing this, HR professionals help their employer save money otherwise spent on hiring new employees and achieve a return on their investment by advancing the professional capabilities of their employees (indeed.com, 2023).
  • Helps companies adapt to industry changes - By making use of human resource planning, companies can anticipate changing needs in talent or the way their industry operates to adapt and continue prospering. This is especially important if a company discovers one or more niche areas to market themselves, as HR professionals have a plan set in place to transition roles and budget for new positions (indeed.com, 2023).

  • Enables companies to maintain a competitive advantage - Human resource planning helps companies make strategic hiring and training decisions when planning for the future. Because of their knowledge, HR professionals understand that prospective employees want specific benefits, work-life balance and other attractive job factors (indeed.com, 2023).
  • Promotes the growth and longevity of the company. - Human resource planning causes HR professionals to think about these possible changes and anticipate their hiring needs for future years. This further allows them to plan and budget for additional hiring needs, department expansions and potential retirements (indeed.com, 2023).

 

Process of HR Planning.

There are many HR processes when planning and below are some of them.  

  • Organizational Anlysis - Organizational analysis is a method of investigating an organization’s state of affairs. The purpose of the analysis is to understand and improve an organization’s structure, processes and operations. In HR planning, organizational analysis is done to help managers identify the most effective ways of using current assets and employees (harappa.education, 2021).
  • Need Assessment - The human resource planning definition includes needs assessment. This is analyzing how an organization can benefit from its workforce both currently and in the future. Any hiring needs, training requirements or downsizing issues will be addressed here (harappa.education, 2021).
  • Recruitment Planning - Recruitment is finding, selecting, training and integrating the employees so that the organization can achieve its business goals. HR planning includes a plan for how best to recruit new employees, how many new hires are needed in which functions and at what levels of experience. This will also include employee onboarding (harappa.education, 2021).
  • Training and Development - Employee training and development are processes used to upskill and enhance the existing talent. They can help improve employee performance, increase efficiency and promote job satisfaction. HR planning aims to train all employees, at both junior level and top management, to become more productive (harappa.education, 2021).
  • Performance Review - Performance review is an assessment of performance conducted by the supervisor, employer or even a peer of the individual, along with human resources. It’s conducted for all employees at regular intervals, most often annually, but it might also be at the end of a project. These reviews evaluate employee performance against targets and standards for quality, quantity and costs. Compensation planning for employees is also a part of this. It’s important to reward individuals according to their contribution and level, which will make employees feel valued and reward desired behavior (harappa.education, 2021).

 

Conclusion.

Human resources planning is an important element of every organization’s strategic plan. Well-executed HR planning helps to drive better recruitment and retention, a skilled workforce, and more. Crafting and executing effective HR planning. Moreover a right tool is required for a proper HR planning.

 

References

harappa.education, 2021. Human Resource Planning: Definition, Process And Examples. [Online]
Available at: https://harappa.education/harappa-diaries/human-resource-planning-meaning/
[Accessed 19 08 2023].

indeed.com, 2023. Human Resource Planning: Definition, Steps and Tools. [Online]
Available at: https://www.indeed.com/career-advice/career-development/human-resource-planning
[Accessed 19 08 2023].

Simon, B., 2017. Use Human Resources Planning to Forecast for (Less) Risky Business. [Online]
Available at: https://www.smartsheet.com/human-resources-planning-process
[Accessed 19 08 2023].

visier.com, n.d. What is Human Resource Planning?. [Online]
Available at: https://www.visier.com/hr-strategy/human-resource-planning/
[Accessed 19 08 2023].

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