human resource planning

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is the process of analysing an organization's need for employees and evaluating how this can be met from the internal and external labour markets. It should be an ongoing process of monitoring that helps identify the need to attract, allocate, develop, and retain human resources to meet the wider business objectives of the organization. It encourages managers in organizations to plan ahead. Good-quality human resource planning will involve analysing data on existing employees (demographics, competencies, training, etc.) in order to assess the overall balance of existing resources and to predict possible future issues such as skill shortages, promotion opportunities, and retirement patterns. [See human resource flow.]

Subjects: Human Resource Management.

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