Manpower Planning or Human Resource Planning can be defined as the process of ensuring the right number of qualified people, into the right job at the right time to deliver the results in an efficient and effective manner. It is the system of matching the available resources, either internally or externally, with the demand that the organization expects to have over a period of time.
It has gained a lot of importance in recent times. A well-designed and comprehensive Manpower planning process is invaluable to the management in an organization. It helps in the following ways :-
- It helps to maintain the required quantity and quality of human resources required for a smooth & efficient functioning of the organization. It helps to identify shortages, surpluses or imbalances of manpower.
- It helps to forecase the turnover/attrition rates.
- It helps the management in making optimum use of the available skills and provides a platform for employee development.
- It leads to improvement in the overall business planning process.
- It helps the management to foresee the effects of technological changes on the requirement for human resources.
- It facilitates the identification of corrective training requirements and thus makes the training and development programmes more effective.
- It helps to develop contingent plans to handle sudden requirements and situations of shortfall.
- It helps estimate the value of human resources and their contribution to the organization.
- It helps to evaluate the effect of alternative manpower actions and policies.
- It aides in developing Human Resource plans and strategies aligned to the organisation's strategic direction. and business strategy. Provide tools and tactics to enhance execution of these strategies.
- It helps to manage people related issues accompanying mergers, alliances and acquisitions.
- It expresses the philosophy and values regarding people management in the organization.
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