Prestige Institute of Management and Research

Presentation By –Isha Joshi[BFT-III Semester]

Meaning and Definition

In simple words, HRP is understood as the process of forecasting an organization's future demand for, and supply of, the right type of people in the right number.

It includes the estimation of how many qualified people are necessary to carry out the assigned activities, how many people will be available, and what, if anything, must be done to ensure that personal supply equals personnel demand at the appropriate point in the future.

Objectives of HRP

To recruit and maintain the HR of requisite quantity and quality.

To meet the requirements of the programmes of expansion, diversification etc.

To progress the knowledge, skill, standards, ability and discipline etc.

To maintain pleasant industrial relations by maintaining optimum level and structure of human resource.

To minimize imbalances caused due to non-availability of human resources of right kind, right number in right time and right place.

To make the best use of its human resources; and

To estimate the cost of human resources.

To recruit and retain the human resource of required quantity and quality.

Importance of HRP

Forecasting Future Personnel Needs Coping with Change Protection of Weaker Sections International Strategies Creating Highly Talented Personnel

Foundation for Personnel Functions Increasing Investment in Human

Resources Resistance to Change or Move

Other Benefits – HR cost can be lessen if human

resource needs are known before time Enough time available to locate talent

from market Better opportunities exist to include women

& minority groups in future growth plans Training and Development plans can

be made well before time

Thank You