Human Resource Planning or HRP - Objectives, Factors, Process, and Examples (Management Video 20)

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Human Resource Planning or HRP refers to a strategy whereby the company can maintain its talent pool of skilled employees.

Human Resource Planning is a process that helps an organization to avoid situations like surplus and shortage of employees.

HRP: Objective

1. Maximum utilization of human resources
2. Meeting the individual needs of the employees
3. Ensuring the right fit in terms of job position and right resource
4. Ensures smooth running of activities
5. Maintaining a balance between demand and supply of resources
6. Offering training opportunities
7. Employee motivation
8. Ensuring a proper succession planning process

Factor Affecting HRP

1. Uncertain future predictions
2. The attitude that questions the need for an HRP department
3. Unreliable data
4. Additional expenses
5. Time-consuming
6. Shortage of skilled talent

HRP: Process

1. Analysis of organizational objectives, plans, job design, and structure to anticipate human resource requirements
2. Forecasting requirements
3. Examine, evaluate and assess current human resource inventory
4. Identifying manpower gaps between demand and supply
5. Formulating action plans to bridge manpower gaps
6. Implementing action plans and regular monitoring and reviewing them

HRP: Example 1

Hindustan Unilever Limited

HRP: Example 2

Google

HRP: Example 3

Marriott

Global HR Strategy: Introduction

Global HR Strategy refers to the process that ensures the best performance and maximum utilization of an employee to meet the organizational goal.

Organizations is no longer working within a fixed demographic. Global HR Strategy has made sure that human resources are considered a vital element of every company.

Global HR Strategy: Case Study on TCS

As part of their Global HR Strategy, TCS uses several schemes for the benefit of its human resources like

- Maitree - It offers benefits to employees and their spouses
- Clubs for dance, music, trekking quiz etc.

This video is on Human Resource Planning and it has the following sub-topics.

Time Stamps
0:00 Introduction to Human Resource Planning or HRP
01:03 HRP: Objective
01:40 Factor Affecting HRP
02:36 HRP: Process
04:42 HRP: Example 1
05:14 HRP: Example 2
05:46 HRP: Example 2
06:30 Global HR Strategy: Introduction
07:33 Global HR Strategy: Case Study on TCS

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