Since it is important to have the right people in the right jobs at the right time, human resource planning is the process to achieve that. What the organization will do is make an assessment of the current capabilities of its employees, determine what it will need in the future, and design a program to meet those needs. Depending on the organization’s objectives and strategies, demand for human resources is contingent upon demand for the organization’s products or services and on the levels of productivity. After estimating total revenue, management can estimate the number and kinds of human resources needed to obtain those revenues. After it has assessed current capabilities and future needs, management can estimate future human resources shortages and over-staffing. Then, it can develop a program to match these estimates with forecasts of future labor supply.
Human Resource Planning Assessing Current Human Resources
Assessing Future Human Resource Needs
Developing a Program to Meet Needs
HR Planning • We have found the gap, how do we fill this void? • How much time should we spend on identifying the right person? • Lets follow the trail of what it takes to hire a new team member in an organization.
FOM 9.3