Executive Summary
The HRP framework includes several comparable indicators and has a significant focus on measuring the impact of various plans on the predefined goals and strategies of an organization. Human Resource Planning in brief is a formal process of linking business strategies with human resource practices. In the current report we have made an attempt to develop a comprehensive HRP model for Apollo Tyres, Perambra Plant, thereby achieving its four fold business objectives of attaining:
• Twenty percent revenue growth
• Two percent improvement in operating cost
• Customer Delight
• Employee Satisfaction
The approach followed is that sequential planning and implementation. The first step was to make a comprehensive analysis of demand and supply forecasting and propose a Manpower Plan. Having identified the requisite increase in the number of employees across all categories viz. unionized, non-unionized and contractual laborers, we suggested sources of recruitment of various employees. Thus the next stage of development in the model is the Recruitment and Selection Plan which essentially aims to suggest various sources through which employee strength can be increased.
The third stage of the plan involves Induction and Placement which aims to acclimatize the new recruits to the company culture and philosophy. This also ensures that the true potential of the employee is identified and suitable job role is assigned accordingly. Next in sequence comes Training Plan. Training reduces the redundancy of the employees and promotes skill enhancement. In the current case we suggest both in-house training and sending executives to external training programmes.
Performance Management System is a comprehensive method to ensure that the departmental and individual goals are in line with the organizational strategy. We have set a target to achieve six percent growth in efficiency by skill up-gradation through training and development. Next comes Career Plan...