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Benefits of Human Resource Planning

The objective of Human Resource Planning is to make the organization reach the desired manpower position from the current manpower position, by forecasting the demand for and supply of human resources in the near future.

There are several benefits of Human resource planning that led its scope to expand across the different business organizations.

benefits of HRP

 Benefits of Human Resource Planning

  1. The human resource planning helps in forecasting the future needs of the manpower and not only this, but it also helps in anticipating the vacancies arising in the near future.
  2. It is cost effective, i.e. the enterprise can anticipate the shortage and surplus of manpower and can control the imbalance, that may become unmanageable or expensive.
  3. Better planning for the employee development. Through human resource planning, the skills of the existing employees can be improved by giving them timely training and development opportunities.
  4. Training programs become more effective since the manpower gaps, arising out of shortage or surplus, can be determined through the manpower planning and the training can be imparted accordingly.
  5. It helps to make the strategic decisions related to the hiring and training of the manpower, in the case of shortage and layoff, termination or replacement of the manpower, in a case of surplus.
  6. Through Human Resource planning, the idle arising out of vacancy can be reduced and thus the overall performance of the business remains unaffected.

Thus, through human resource planning the firms can effectively manage the manpower requirements (both current and future) and also helps in reducing the lead time spent on searching the prospective candidate for the vacant position.

Related terms:

  1. Human Resource Planning
  2. Limitations of Human Resource Planning
  3. Human Resource Planning Process
  4. Strategic Human Resource Management
  5. Strategic Human Resource Management Process

Reader Interactions

Comments

  1. max says

    August 16, 2016 at 8:09 pm

    enjoying, matter fact loving this stuff…

    Reply
  2. Alex Dean says

    May 26, 2017 at 11:09 pm

    Thanks for sharing.

    Reply
  3. Harper Campbell says

    June 29, 2017 at 8:13 pm

    Good job

    Reply
  4. Brian kimathi says

    January 14, 2018 at 9:40 pm

    Nicely done… Thank you

    Reply
  5. Tillyhipsy says

    September 12, 2018 at 5:36 pm

    Very helpful. Thanks

    Reply
  6. Krishna Pal says

    March 4, 2019 at 3:08 pm

    thank you for help

    Reply
  7. florcey says

    April 3, 2019 at 12:52 pm

    helpful

    Reply

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