Human Resource planning is the assessment of HR requirements and time and stages of requirement. It is to obtaining the right numbers and kinds of people at the right time to fulfil organizational needs (Burach & Mathys, 1980 cited in Diamante & Ledesma-Tan book, p. 37)
Human resource planning is important and on-going because of the changes and trends that are happening. Businesses are impacted by turnover, retirements, technology, changes in the economy, changes in the industry and consumer demand that may require skills that the company doesn’t have. That’s why HR planning will help the company by ensuring that the employees have the skills and competencies the business needs to succeed. It will better prepare for staff turnover, recruitment and strategic hiring-and alleviate stress when the company have emergency/last-minute hiring needs.
The 4 Phases involved in HR planning are: * Gathering and analysing information about expected demand based on the business’s future plans and the supply and availability of staff to meet these demands. * Companies must identify their specific human resource objectives, which can involve decisions related to whether candidates will be promoted from within or hired externally, whether work will be outsourced or done by employees on staff, and whether the company prefers to staff for excess capacity or take a streamlined approach to staffing. * The third phase of planning involves designing and implementing programs that are aligned with the company’s objectives. These programs will include benefit programs to satisfy employee needs and impact the ability to retain staff, as well as training programs to ensure that staffs are prepared to meet current and future demands. * The Fourth phase of planning will involve monitoring and evaluating the effectiveness of the human resource plan and