UNIT – I Lesson 1 HRM – AN OVERVIEW Lesson Outline Nature of ...

According to Udai Pareek, “it is the top management responsibility to project
shared vision and strategic plans of the organization into long-term vision and short-term
goals. The projected vision and plans are then translated into human resource
requirements for their respective departments by the managers. Detailed analysis of
required competencies in terms of levels and numbers are developed by personnel
department.
HUMAN RESOURCE PLANNING PROCESS
This consists of series of activities as follows:
1. Forecasting
Forecasting of future manpower is an important step. It could be done in terms of
mathematical projection of trends in the economy and developments in the industry, or of
jundgement estimates based upon specific future plans of the company.
2. Inventory
Inventory of the present manpower resources and the degree to which these
resources are employed optimally should be assessed.
3. Anticipating problems
Anticipating manpower problems by projecting present resources into the future
and comparing them with the forecast of the requirements, adequacy both quantitatively
and qualitatively should be estimated.
4. Planning
Planning for recruitment, selection, training, deployment, utilization, transfer,
promotion, development, motivation and compensation to be undertaken for manpower
requirement.
The following figure depicts HRP process:
Organizational plans & policies
Human Resource Planning
Forecasting needs for human resources Forecasting supply of human
Human Resource Planning
Surplus human resource Shortage of human resource
Action plan for bridging gap