Human Resource Planning - How Does It Affect the Organizational Success

Abstract

A customary set of individual who make up the organization's structure, workforce or economy often refer as Human Resource. The term at times used synonymously as Human Capital also. But in a contracted manner the term Human Capital indicates the information an individual exemplify and subsidize to the organization. The stint at various time denoted as manpower, labor, and personnel or simply as talent. The professional discipline, technical as well as manual that look after these functions throughout an organization is called Human Resource Management. The following paper discusses in detail the importance of HRM for organizations.

Abstractii

Introduction1

Discussion1

The role of Human Resource Planning1

Demographics3

Diversity3

Qualifications and Skills3

Human Resource Planning Policy4

Human Resource Planning Process4

Competencies4

Planning to improve competencies5

How Does HR Planning Affect the Organizational Success?6

Conclusion9

References11

Human Resource Planning - How Does It Affect the Organizational Success

Introduction

The Human Resource Management's basic role revolves around the process of linking the needs of human capital or human resource in other words to the business strategy of the organization which is often denoted as “Human Resource Planning”. Human resource planning guarantees the adequate recruitment needs and analyzes whether the workforce is competent enough and qualified in order to achieve organization's objectives and goals. In past decades, human resource management has become one of the major unit and a business partner of almost every giant or minor venture all around the globe so as human resource planning. Human resource planning is playing a dynamic role in reducing the employee turnover and maintaining a competitive edge of the organization. The following paper discusses the role of Human Resource Management in the organizations in detail.

Discussion

The role of Human Resource Planning

Human resource planning's prime role identifies the competencies an organization needs in order to achieve its business objectives and in the subsequent phase obtains the workforce they need. The key points in human resource planning include:

A design process that defines the organization's objectives and its proficiencies employees need to attain those objectives.

A plan must be designed in such a way that develop necessary aptitudes from within the organization or an alternate to it, organization hire new employees in order to fill those gaps.

A continuous implementation and time to time effective evaluation with a feedback channel of planning and strategies in order to fulfill the human resource needs is mandatory.

In a more specialized term human resource planning is a process of identification of the current human capital along with the future human resource needs within the organization in order to achieve its objectives. An effective human resource planning serves as an active connection between the organization's human resource and the whole strategic plan of the organization (Hill, 2013). In the United States it has been observed that the aging workforce at industry have highlighted the demand and importance of human resource planning as it has raised the call of having qualified, young, energetic and skilled workers in emerging economies. Human resource planning also comprises producing an employer brand, deficiency management strategy, springiness strategy, employee retention ...