Master of Business Administration
Master of Business Administration- MBA Semester 1 MB0043 - Human Resource Management
Question 1. Define Human resource planning (HRP). Explain the objectives and process of HRP.
Answer :
Human resource planning (HRP) - It is the continuous process of planning the human resource of an organization to meet the demand in terms of numbers and the quality. The process involves the critical task to balance the supply and demand of human resource to optimally utilize the resources.
Objectives of Human Resource Planning (HRP) 1. To recruit and maintain the HR of requisite quantity and quality. 2. To predict the employee turnover and make the arrangements for minimizing turnover and filing up of consequent vacancies. 3. To meet the requirements of the programmes of expansion, diversification etc. 4. To anticipate the impact of technology on work, existing employees and future human resource requirements. 5. To progress the knowledge, skill, standards, ability and discipline etc. 6. To appraise the surplus or shortage of human resources and take actions accordingly. 7. To make the best use of its human resources; and 8. To estimate the cost of human resources.
Process of HRP:
1. Assessing Human Resources
The assessment of HR begins with environmental analysis, under which the external (PEST) and internal (objectives, resources and structure) are analyzed to assess the currently available HR inventory level. After the analysis of external and internal forces of the organization, it will be easier for HR manager to find out the internal strengths as well as weakness of the organization in one hand and opportunities and threats on the other.
2. Demand Forecasting
HR forecasting is the process of estimating demand for and supply of HR in an organization. Demand forecasting is a process of determining future needs for HR in terms of quantity and quality. It is done to meet the future personnel
Question 1. Define Human resource planning (HRP). Explain the objectives and process of HRP.
Answer :
Human resource planning (HRP) - It is the continuous process of planning the human resource of an organization to meet the demand in terms of numbers and the quality. The process involves the critical task to balance the supply and demand of human resource to optimally utilize the resources.
Objectives of Human Resource Planning (HRP) 1. To recruit and maintain the HR of requisite quantity and quality. 2. To predict the employee turnover and make the arrangements for minimizing turnover and filing up of consequent vacancies. 3. To meet the requirements of the programmes of expansion, diversification etc. 4. To anticipate the impact of technology on work, existing employees and future human resource requirements. 5. To progress the knowledge, skill, standards, ability and discipline etc. 6. To appraise the surplus or shortage of human resources and take actions accordingly. 7. To make the best use of its human resources; and 8. To estimate the cost of human resources.
Process of HRP:
1. Assessing Human Resources
The assessment of HR begins with environmental analysis, under which the external (PEST) and internal (objectives, resources and structure) are analyzed to assess the currently available HR inventory level. After the analysis of external and internal forces of the organization, it will be easier for HR manager to find out the internal strengths as well as weakness of the organization in one hand and opportunities and threats on the other.
2. Demand Forecasting
HR forecasting is the process of estimating demand for and supply of HR in an organization. Demand forecasting is a process of determining future needs for HR in terms of quantity and quality. It is done to meet the future personnel