Q. Internal factors of human resource planning?
1. Company policies and strategies: Company policies and strategies relating to the expansion, diversification, alliances, etc determines the human resources demands in the terms of quality or quantity.
2. Human resource policies: Human resource policies of the company regarding quality of human resource, compensation level, quality of work life etc, influences human resource plan.
3. Job analysis: fundamentally, human resource plan is based on job analysis, job description and job specification determines the kind of employees required.
4. Time horizons: companies with stable competitive environment can plan for the long run whereas the firms with unstable competitive environment can plan for only short term range.
5. Type and quality of the information: any planning process needs quantitative and accurate information. This is more so with the human resource plan, strategic, organizational and specific information affect HRP.
6. Company's production operations policy: company's policy regarding how much to produce and how much to buy from outside to prepare a final product influence the number and kind of people required.
7. Trade unions: influence of trade unions regarding number of working hours per week, recruitment sources etc, affect the HRP.