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

HRP is not a static one-shot plan that will be useful over a period of time for the
organization; the data has to be continually updated and the various factors adjusted to
reflect the changes that constantly take place.
Self Assessment Questions (SAQs)
Summary
1. State the need for HRP
2. explain HRP process
3. What is meant by forecasting of HRP supply?
4. What is HR gap.
Manpower planning is the process including forecasting, developing,
implementing and controlling by which a firm ensures that it has the right number of
people and right kind of people at the right place, at the right time doing things for which
they are economically most suitable. HRP includes the estimation of how many qualified
people are necessary to carry out the assigned activities how many people will be
available, and what if anything must be done to ensure that personnel supply equals
personnel demand.
The HRP process consists of i) Forecasting, ii) Inventory, iii) Anticipatory
problems and iv) planning.
The various techniques of forecasting Human Resource are
i) Managerial Judgement Method
ii) Delphi Technique
iii) Work Study Technique
iv) Ratio – trend analysis
v) Statistical and Mathematical models.
There would be both short – term and long – term HR planning. Various factors
influencing HR planning are i) Government, ii) Social factors, iii) Economic factors, iv)
Technological factors.
Answer Key:
1) Explain significance of HRP and its importance for the achievement of
organizational goals.