Human resource planning (HRP) is the continuous process of systematic planning ahead to achieve optimum use of an organization's most valuable asset—quality employees. Human resources planning ensures the best fit between employees and jobs while avoiding manpower shortages or surpluses. There are four key steps to the HRP process. They include analysing present labour supply, forecasting labour demand, balancing projected labour demand with supply, and supporting organizational goals. HRP is an important investment for any business as it allows companies to remain both productive and profitable and allows companies to plan ahead so they can maintain a steady supply of skilled employees. Human resource planning needs to be flexible enough to meet short-term staffing challenges while adapting to changing conditions in the business environment over the longer term. HRP starts by assessing and auditing the current capacity of human resources.

Abhijith S

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