Human resource planning and management
For most businesses,personnel are the biggest cost and the most valuable asset.This becomes and more and more the case as service-based industries replace traditional manufacturing.Recruiting,keeping and training the right people is now a major function in large organisations.planning and budgeting will also involve calculating future human resource needs.
The human resource plan of the organisation is prepared on the basis of the analysis of its future human resource and skills requirement.Depending on the organisation’s requirements and the availability of skills within the organisation which can be developed or deployed,the human resource plan may include the following elements.
Recruitment plan • Numbers and types of people/skills,and when required
• Target recruitment programme (internal and external)
Training and development plan • Skills needing to be developed within the organisation
• Number of recruited trainees required or internal trainees to be developed
• Programmes for transferring or retraining employees to meet skill shortages,avoid teh need for redundancies or aid flexibility
Succession plan • Programmes for identification and development of promotable individuals
• Plans to develope replacements for key management posts
Productivity plan •