Human Resources plan
The ongoing process of systematic planning to achieve optimum us of the organizations most valuable asset (Human Resources). Their objective of HR planning to ensure the very best out the employees and projects, while avoiding manpower shortage and surpluses. They are three key elements of HR planning processing are forecasting labor demand, analyzing present labor supply, and balanced projected labor demand and supply.
Human Resources planning is a pro that identifies current and future HR needs for an organization to achieve its goals. HR should serve as a link between HR and management and the overall strategic plan of an organization. Aging worker populations in most western countries and growing demands for qualified workers in developing economies have underscored the importance of effective Human Resources Planning. The planning processes of most best practice organizations not only define what will be accomplished within a given time-frame, but also the numbers and types of human resources that will be needed to achieve the defined business goals (e.g., number of human resources; the required competencies; when the resources will be needed; etc.).
Competency-based management supports the integration of human resources planning with business planning by allowing organizations to assess the current human resource capacity based on their competencies against the capacity needed to achieve the vision, mission and business goals of the organization. Targeted human resource strategies, plans and programs to address gaps (e.g., hiring / staffing; learning; career development; succession management; etc.) are then designed, developed and implemented to close the gaps.
These strategies and programs are monitored and evaluated on a regular basis to ensure that they are moving the organizations in the desired direction, including closing employee competency gaps, and corrections are made as needed. This Strategic HR Planning...