Unit 3 Session 5.pptx

Online MBA Semester I ORGANIZATIONAL BEHAVIOUR & HUMAN RESOURCE MANAGEMENT Course Code - (OMBA-103) Unit 3: Human Resource Management Lesson 5 : Human Resource Planning (Part II) Human Resource Management Human Resource Planning Learning objectives: • Human Resource Planning • Objectives of HRP •...

Online MBA Semester I ORGANIZATIONAL BEHAVIOUR & HUMAN RESOURCE MANAGEMENT Course Code - (OMBA-103) Unit 3: Human Resource Management Lesson 5 : Human Resource Planning (Part II) Human Resource Management Human Resource Planning Learning objectives: • Human Resource Planning • Objectives of HRP • Perspectives of HRP • Types of MPP/HRP • Importance of HRP Human Resource Management Human Resource Planning Human Resource Planning is a process that identifies current and future human resources needs for an organization to achieve its goals. Human resource planning should serve as a link between human resource management and the overall strategic plan of an organization. Human Resource Management Human Resource Planning As defined by Bulla and Scott, human resource planning is 'the process for ensuring that the human resource requirements of an organization are identified, and plans are made for satisfying those requirements'. Human Resource Management Human Resource Planning Stainer has defined human resource or manpower planning as, "Strategy for the acquisition, utilization, improvement and preservation of an enterprise's human resources. It relates to establishing job specification or the quantitative requirements of job determining the number of personnel required and developing sources of manpower". Coleman has defined human resource or manpower planning as, "the process of determination of manpower requirements and means of meeting those requirements in order to carry out the integrated plan of the organization". Human Resource Management Human Resource Planning According to Wickstrom, human resource planning consists of the following activities: • Forecasting future manpower requirements, either in terms of mathematical projections of trends in the economic environment and development in industry, based upon the specific future plans of a company; • Making an inventory of the present manpower resources and assessing the extent to which these resources are employed optimally; Human Resource Management Human Resource Planning • Anticipating manpower problems of projecting present resources into future and comparing them with forecast of requirements to determine their adequacy, both quantitatively and qualitatively; • Planning the necessary programmes of requirement, selection, training, development, utilization, transfer, promotion, motivation and compensation to ensure future manpower requirements are properly met. Human Resource Management Human Resource Planning A process by which an organization ensures that it has the right number and kind of people, at the right place, at the right time, capable of effectively and efficiently completing those tasks that will help the organization achieve its overall objectives. (Not carried out in a vacuum. organizational goals and objectives provide the context for HRP) Human Resource Management Human Resource Planning Human Resource Management Human Resource Planning Objectives of Human Resource Planning: • Ensure optimum use of human resources • Avoid imbalances in distribution and allocation of human resources • To assess or forecast future skill requirement and plan Training and Development program accordingly • To control the cost aspect of HR • To formulate transfer & promotion policies Human Resource Management Human Resource Planning Objectives of Human Resource Planning contd…. • To prevent overstaffing and understaffing • To ensure employee availability • To ensure that the organization is responsive to the environment • To provide direction to all HR activities • To build line and staff partnership • To enable formulation of managerial succession plan Human Resource Management Human Resource Planning Human Resource Planning Process involves: • Environmental scanning • Forecasting and analysing demand for human resources through a range of techniques • Forecasting and analysing supply of human resources • Developing action plans to manage human resource surplus & shortage Human Resource Management Human Resource Planning HRP can be viewed from two perspectives: Macro perspective and Micro perspective HRP The process of analysing and identifying the need for and availability of human resources within a firm, an industry, a country, or at a global level Macro HRP Assessing n forecasting the availability of and demand for skills at national or global level Micro HRP Process of forecasting demand for and supply of human resources for a specific organization Human Resource Management Human Resource Planning Human Resource Management Human Resource Planning Importance of Human Resource Planning • Helps to reduce labor costs • Helps in planning employee skill development • Enables identification of gaps • Leads to improvement in overall business • Helps in formulating managerial succession plan HRP is essentially a means to the end of building more competitive organizations Human Resource Management Human Resource Planning Manpower planning/HRP helps determine the HR requirements of firms and develop strategies for meeting those requirements. Seeks answers to the following questions: • What are the implications of proposed strategic plans with respect to human resources? Human Resource Management Human Resource Planning • What are the implications of proposed strategic plans for staffing, training n development, & management succession? • How will a projected shortfall in the supply of skilled employees impact various HR practices of the firm? • What are the implications for attracting, retaining, motivating, and rewarding workers with skills that are in short supply? Human Resource Management Human Resource Planning Online MBA Semester 1 Managerial Economics (OMBA102) All The Best