Meaning: -HRP is a process of identifying manpower requirements in terms of quality and quantity to undertake organizational activities. There is a growing importance of HRP, due to the following reasons:
1. Personnel Requirements: - HRP helps to identify human resource required to undertake organizational activities. HR managers review the organizational activities and then forecasts human resource requirements. The HR managers also forecasts HR supply. Comparison is done between HR requirements and HR supply.
2. Recruitment and Selection: -Systematic forecasting of HR requirements enables the organization to determine proper sources of recruitment. The organization can also adopt systematic selection procedure. Proper tests and interview can be designed to select the right person for the right job.
3. Placement of Personnel: - HRP facilitates proper placement of the employees in the organization. Placement refers to fitting the right person at the right place of work. Proper placement brings job satisfaction to the employees and enhances efficiency. Job satisfaction generates greater commitment of the employees.
4. Performance Feedback: -HRP ensures timely performance feedback to the employees. The employees come to know of their strengths and weaknesses. The weakness can be corrected through training, motivation and so on. Timely performance feedback also helps to consolidate the strengths
5. Promotions: - HRP ensures right promotion of the employees in the organization. It refers to upward movement of employee in the organization’s hierarchy (pecking order). Promotion involves; higher position, higher powers and higher pay.
6. Training: -HRP ensures training of the employees in the organization. Training helps to improve knowledge, attitude, skills and social behavior of the employees. HRP identifies the training needs of the personnel.
7. Transfers: - HRP facilitates proper transfer of the employees in the organization. Transfer refers to horizontal movement of the employees in respect of job position. Transfers must be undertaken in the interest of the organization and not to harass (worry) the employees.
8. Career Development: -HRP facilitates career development of the employees in the organization. Career development helps to match the goals of the employees with that of the organization. Career development can take place through counseling, training, etc.
9. Organizational Development: - HRP assists in organizational development. Organizational development takes place when there are better results in the form of higher productivity. The organizations with qualified and competent personnel can easily solve the problems of low productivity, absenteeism, inter-departmental conflicts, resistance to change, etc.
10. Motivation of Personnel: - HRP ensures motivation of the employees. Professional organizations make every possible effort to have dedicated and committed personnel at all levels. Therefore, there is a need to motivate employees by providing monetary and non-monetary incentives.
