Need and importance of Human Resource Planning

Question

Discuss the need and importance of Human Resource Planning?

Answer 1

NEED AND IMPORTANCE OF HUMAN RESOURCE PLANNING:

Human Resource planning is the procedure through which a management decides how an organization should progress from its present manpower situation to its preferred manpower position. Through planning a management tries hard to have the right kinds and the right number of people, at the right time, to work which results in both the organization and the individual getting the highest long-range profit.
Human resource planning is like a double-edged weapon. If used in a correct way, it directs to the utmost utilization of human resources, reduces unnecessary labor turnover and high absenteeism; improve output and helps in attaining the goals of an organization. If not used in a correct way, it leads to disturbance in the workflow, lesser production, reduction in job satisfaction, high expenditure on production and regular headaches for the management personnel. That is why, for the success of an organization, human resource planning plays a very vital function.