Human Resource Planning

Definition:

Ongoing systematic planning that optimizes human resources, the most valuable component of an organization. Human Resource Planning is important in order to ensure the best working environment for stakeholders and employees and their jobs, while maintaining a certain number of staff in the organization. It also includes creating the employer brand, building a employee retention and absence management strategy, flexibility, talent management, recruitment and selection strategy. HR Planning involves maintaining labor demand and supply by forecasting the demand, analyzing the supply, and finding that balance that works best for the organization. It should serve as a connection between management and the overall plan of the organization. Human Resource Planning needs to be flexible in order to adjust to short-term staffing challenges and also adapt to the business, industry, and environment long term.

Human Resource Planning

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