HUMAN RESOURCE PLANNING – HRP is the ongoing process of systematic planning to achieve optimum use of an organization’s most valuable asset – its human resources. The objective of human resource (HR) planning is to ensure the best fit between employees and jobs, while avoiding manpower shortages or surpluses. The three key elements of the HR planning process are forecasting labor demand, analyzing present labor supply, and balancing projected labor demand and supply.
Competency-based management supports the integration of HR and Business Planning. Strategic HR Planning allows organizations to assess their current human resources capacity based on their competencies against the capacity needed to achieve the 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 organization in the desired direction making corrections or adjustments as needed.
Developing your workforce plan using strategic HR and organization planning gives you the competitive advantage by being ready to move forward when the time is right. You can address staffing challenges head on with a plan ready to activate at a moment’s notice keeping you one step ahead of your competitors.