In: Accounting
Importance of planning the human resource needs of an organization are:
1. Future Manpower Needs
Human resource planning ensures that people are available to
provide the continued smooth operation of an organization. It
means, human resource planning is regarded as a tool to assure the
future availability of manpower to carry on the organizational
activities. It determines the future needs of manpower in terms of
number and kind.
2. Coping With Change
Human resource planning is important to cope with the change
associated with the external environmental factors. It helps assess
the current human resources through HR inventory and adapts it to
changing technological, political, socio-cultural, and economic
forces.
3. Recruitment Of Talented Personnel
Another purpose of HR planning is to recruit and select the most
capable personnel to fill job vacancies.It determines human
resource needs, assesses the available HR inventory level and
finally recruit the personnel needed to perform the job.
4. Development Of Human Resources
Human resource planning identifies the skill requirements for
various levels of jobs. Then it organizes various training and
development campaigns to impart the required skill and ability in
employees to perform the task efficiently and effectively.
5. Proper Utilization Of Human Resources
Human resource planning measures that the organization acquires and
utilizes the manpower effectively to achieve objectives. Human
resource planning helps in assessing and recruiting skilled human
resource. It focuses on the optimum utilization of human resource
to minimize the overall cost of production.