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mention the advantage of resource planning.?
...In at least 5points
Answers
Human resource planning is important to an organization because it develops the strategies for matching the size and skills of the workforce organizational needs. ... HR planning involves gathering of information, making objectives and making decisions to enable the organizations achieve its objectives.
This planning is important to the success of the company; and factors like growth, change, and technology need to be considered in the process. Advantages of HR planning include that it helps in skills searching, recruiting and hiring, training, and preparing.
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
In today's knowledge economy an organization's most valuable asset is its human resources – its employees. ... The human resource planning is a four-step process that analyzes current human resources, forecasts future requirements, identifies areas where there are gaps, and then implements a plan to tighten up those gaps.
1 Improvement of Labour Productivity:
Manpower or human resources as a factor of production differs from other factors of production. As it is subject to its free will, the productivity of labour can be improved if the workers are kept satisfied.
. Recruitment of Qualified Human Resources:
Talented and skilled labour has become a scarce resource especially in developing countries. Therefore, for the long run survival of the firm, it is essential to recruit the best labour force through proper manpower planning.
3. Adjusting with the Rapid Technological Change:
With the change in technology, the job and job requirements are also changing. Therefore, it is necessary to forecast and meet the changing manpower, which can withstand the challenges of the technological revolution. This can be done only through effective manpower planning.
4. Reducing Labour Turnover:
The labour turnover refers to the mobility of labour out of the organisation due to various factors such as dissatisfaction, retirement, death etc
Due to labour turnover, a firm will be losing experienced and skilled labour force. This loss can be minimised only through efficient manpower planning.
5. Control over Recruitment and Training Cost:
Highly skilled personnel are in short supply and it is very cos.tly to hire, train, and maintain them.
A company has to incur heavy costs in processing the applications, conducting written tests, interviews etc., and in the process of provide
