Is Human Resource Planning worthwhile for a business?

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An uninterrupted process of proper systematic planning, to optimize the precious asset in an organization, who are the quality employees makes the reason why, human resource planning is necessary. Human Resource Planning (HRP) ensures that there is no lack of manpower in a business. Moreover, HRP enables companies to prepare ahead to keep a constant supply of skilled employees (Hayes, A. (2023)).

Below shows the four key steps for HRP: -


The use of human resource planning should be capable enough to meet challenges in staffing people and at the same time getting used to changing conditions in the business environment in the long run. Another purpose of human resource planning would be that this planning would help to recognize companies’ skills and targets to strategically get to business goals and to be ready for future challenges. Furthermore, HRP focuses on employee motivation, organizational design, success in planning and overall increase in return on investment. (Hayes, A. (2023)).

HRP will enable us to help enhance salary and get better benefits. It also helps the organization to check its corporate plan. In addition, it helps to a greater scope through training for the development of employees.

What are the challenges faced in HRP?

Challenges that may arise to HRP are always changing forces that include employees falling ill, getting a promotion, going on vacation, or resigning for another job. Therefore, HRP enables the planning to be a best fit between jobs and workers neglecting the shortages for the employees. (Hayes, A. (2023)).

The importance of HRP lead businesses to maintain and target talented employees with having the proper technical and soft skills to develop better functions in the company. This will help managers to train their employees and develop the required skills.

The recent demand for sophisticated HR planning models is due to organizations growing at large scale and becoming more complex, which is in need of a sophisticated approach. (P Dalvi, (2013)).

      How do you think HRP would benefit the people in the organization?

The benefits of using HR planning in an organization are that workers would be able to work sufficiently without the need to hire independent contractors. Also, it will help to enhance retention for employees and at the same time, gives a certainty of staffing, scheduling, and planning into supplying employees with what they need to carry out a good job and settle in the firm for a long time. (Wallstreetmojo Team, (2023))

Ways to overcome problems in Human Resource Planning 

  1. Identify the preliminary needs and run a requirement analysis.
  2. Evolve the approach and gain support.
  3. Examine and analyze for potential barriers.
  4. Plan for actions.
  5. Implement under project management.
  6. Assess development and follow up to give corrective action when needed.

In my opinion, I think that HR planning is crucial process that helps to ensure that organizations must have the right people with the right skills at the right time to achieve business goals. 

For more information about HR Planning, click on the video below.

(HR BASICS: Human resource planning (2018))

 

References

Hayes, A. (2023) Human Resource Planning (HRP) meaning, process, and examples, Investopedia. Investopedia. Available at: https://www.investopedia.com/terms/h/human-resourceplanning.asp#:~:text=Human%20resource%20planning%20(HRP)%20is,avoiding%20manpower%20shortages%20or%20surpluses. 

HR BASICS: Human resource planning (2018) YouTube. YouTube. Available at: https://www.youtube.com/watch?v=2fhXWlHubpA.

P Dalvi (2013) Human Resource Planning: Definition, Importance, Objectives, Process & Prerequisites. Available at: https://www.economicsdiscussion.net/human-resource-management/human-resource-planning-definition-importance-objectives-process-prerequisites/31575.

Wallstreetmojo Team (2023) Human Resource Planning. Available at: https://www.wallstreetmojo.com/human-resource-planning/.

Comments

  1. M.Kamal PriyashanthaMarch 6, 2023 at 8:49 PM

    Hi Iresha.
    Wonderful start for Human Resource Planning . Everyone can get the better idea easily from this article.
    Agreed your ways about the suggested solutions given for HRP issues.Pls check in-text citation.

    ReplyDelete
    Replies
    1. Iresha UdariApril 17, 2023 at 3:19 AM

      Thank you for your comment and i will check the citation.

      Delete
  2. Amila IndikaMarch 6, 2023 at 10:25 PM

    Very good article and this will help everyone to get more clarity. Job well done Iresha.

    ReplyDelete
  3. PiumaliMarch 6, 2023 at 10:45 PM

    👍 good one...we can get ideas abt HRP..welldone

    ReplyDelete
  4. Anushka DarshanaMarch 7, 2023 at 12:32 AM

    This article covers the basic and the process of Human Resource Planning (HRP). This gives the process of forecasting the current and future workforce needs of an organisation, and developing strategies and plans to meet those needs. Moreover, this article shows analyzing the current workforce, identifying the skills and competencies required for future success, and determining how to attract, retain, and develop the necessary talent.

    ReplyDelete
    Replies
    1. Iresha UdariApril 17, 2023 at 3:21 AM

      Thank you for the valuable comment and supporting your thoughts to the articles.

      Delete
  5. Rangana DilshanMarch 7, 2023 at 12:50 AM

    You have cleary mentioned the steps in HRM planning..Now a days HRM planing also consider as a main part in corporate planing since there is a war for talents..To face to the ccompetition successfuly every company should have employees with high skills and competencies..Intresting article..appreciated your effort..

    ReplyDelete
    Replies
    1. Iresha UdariApril 17, 2023 at 3:22 AM

      Thank you for the wonderful comment. Yes, it is true that every company is now facing competition as there is a war for talent.

      Delete
  6. Saraj KahingalaMarch 7, 2023 at 11:33 PM


    Very good article that has discussed about HR Planning process and has explained its importance. HRP is a Primary area within the organization. So, for good employee Planning HRP is essential. interesting article.

    ReplyDelete
    Replies
    1. Iresha UdariApril 17, 2023 at 3:23 AM

      Thank you for the comment Saraj. Feeing apprectiated.

      Delete
  7. W.J. Chrishan Fernando.March 8, 2023 at 11:01 AM

    Hi Iresha.
    The most valuable resource of an organization is human resource. By planning it well, the organization can easily achive the ultimate goal . you have explained HR planning in a great way in this article.

    ReplyDelete
    Replies
    1. Iresha UdariApril 17, 2023 at 3:24 AM

      Thank you, Chrishan, on your comment. I really appreciate it.

      Delete
  8. Asanka DevagiriMarch 8, 2023 at 1:29 PM

    Human resource planning is key to the recruitment, nurturing, and retention of the skills needed to achieve business objectives now. Article is clearly explaining the importance of the HRP to a business or an organization very clearly. Good effort Iresha.

    ReplyDelete
    Replies
    1. Iresha UdariApril 17, 2023 at 3:24 AM

      Thank you so much Asanka on your comment for the article.

      Delete
  9. Arjuna kangara March 9, 2023 at 6:52 PM

    Good exexplaining.Keep it up ✌️

    ReplyDelete
  10. TharangaMarch 9, 2023 at 9:06 PM

    Overall, HR planning is a valuable tool for businesses that want to plan for the future and ensure that they have the right people with the right skills in the right positions to achieve their goals. Greatly appreciate that, you're nicely saying it all in one article.

    ReplyDelete
    Replies
    1. Iresha UdariApril 17, 2023 at 3:25 AM

      Thank you, so much dear Tharanga for your valuable comment.

      Delete
  11. Nuwan SampathMarch 9, 2023 at 10:29 PM

    Great article with explanation and all the details are including....

    ReplyDelete
  12. George BertusMarch 10, 2023 at 12:01 AM

    There are companies that are overstuffed and there are companies that are understaffed. Finding the right balance is key 🔑

    ReplyDelete
  13. Suranga WijayarathnaMarch 10, 2023 at 7:29 PM

    Thank you for sharing this insightful blog post on the importance of Human Resource Planning (HRP). I couldn't agree more that HRP is essential for any organization to optimize its most precious asset - employees. Keep up the great work.

    ReplyDelete
    Replies
    1. Iresha UdariApril 17, 2023 at 3:27 AM

      You are welcome. Thank you for dropping a comment on my blog with your thoughts as well.

      Delete
  14. AnonymousMarch 11, 2023 at 7:04 AM

    This comment has been removed by a blog administrator.

    ReplyDelete
  15. Tharanga JayasundaraMarch 11, 2023 at 9:58 PM

    Human resources planning is the key to creating a win-win situation for both the employee and the business, and you utilized a highly appealing way to emphasize this point in your post. I greatly appreciate your effort, and congratulations!

    ReplyDelete
  16. Dhanushka Jayanath March 19, 2023 at 9:29 AM

    HRP is a valuable tool, Employers may plan ahead using HRP to maintain a steady flow of qualified personnel. thanks for the nice and valuable post.

    ReplyDelete
    Replies
    1. Iresha UdariApril 17, 2023 at 3:29 AM

      You are welcome. Thank you for commenting on my first blog.

      Delete
  17. Chanaka DissanayakeApril 7, 2023 at 5:30 AM

    Very descriptive article about qualifying the employees among the organization by strategically train them. by identifying the gaps and the individual growth and development plans will be the most accurate and important segment of a HR Plan. Good Luck with the writing and it is a good description.

    ReplyDelete
    Replies
    1. Iresha UdariApril 17, 2023 at 3:30 AM

      Thank you so much Chanaka for commenting on my blog.

      Delete
  18. Anton PereraApril 20, 2023 at 4:59 AM

    Great work Iresha!

    ReplyDelete

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