HRP is of primary nature and it precedes all other HRM functions. Without HRP no other function can be undertaken in any meaningful way.
Significance of HRP
HRP is of primary nature and it
precedes all other HRM functions. Without HRP no other function can be
undertaken in any meaningful way. HRP contributes in the following ways in
managing resources in an organization.
1. Defining Future Personnel Need
Planning defines future personnel
need and this becomes basis of recruiting and developing personnel. In its
absence there is likelihood of mismatch between personnel needed and personnel
available. 2. Coping with Changes
In the Indian and international
business arena fast changes are taking place. Liberalization of economy has
brought vast changes in India. At the international level there is growing
global competition. Every organization is trying to compete on the basis of
technology and managerial talents. In this war only those companies will
survive which adopt a formal, meticulous HRP. Change in technology has attached
more premium to knowledge and skills resulting into surplus manpower in some
areas and shortage in other areas. HRP helps in creating a balance in such a
situation because manpower needs and availability could be identified much in
advance. 3. Providing Base for Developing Talents
Jobs are becoming more and more
knowledge oriented. This has resulted into changed profile of manpower.
Therefore an organization must be ready to face such an eventuality by taking
proper HRP. 4. High Cost of Investment in HR
The cost of acquiring, developing
and retaining personnel is increasing much faster than the average rate of
inflation. This increasing cost may be taken care of by proper HRP which
provides the way for effective utilization of such talents. In fact, such a
high cost has forced many companies to have a relook at their HRM functions and
particularly HRP and to align these with new situations. 5. Creating Involvement of Top Management in HRM
Systematic HRP forces top
management of an organization to participate actively in total HRM functions,
an area that has been neglected by most of the companies until recently.
HRP and Responsibilities Involved
Formulation of human resource
plans is a shared task between top management, line managers and HR department.
Top management is involved in HRP process because ultimately, only it approves
the various plans to the organisation as a whole. 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.
Tags : Human Resources Management - Human Resource Planning
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