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What is 'Human Resource Planning'

Started by Suraya Yasmen, September 28, 2018, 08:34:25 PM

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Suraya Yasmen

September 28, 2018, 08:34:25 PM
What is 'Human Resource Planning'

Human resource planning is the continuous process of systematic planning to achieve optimum use of an organization's most valuable asset — its human resources. The objective of HRP is to ensure the best fit between employees and jobs while avoiding manpower shortages or surpluses. The four key steps of the HRP process are analyzing present labor supply, forecasting labor demand, balancing projected labor demand with supply and supporting organizational goals.

Source: Investopedia
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