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Manpower planning, also referred to as human resource planning, is a core function of Human Resource Management (HRM) that ensures an organization has the right number of people, with the right skills, at the right time. It involves forecasting future human resource needs and formulating strategies to meet those needs in alignment with the organization’s goals and objectives. The purpose of manpower planning is to optimize the utilization of human resources, improve productivity, and maintain a balance between manpower supply and demand. Manpower planning is not a one-time activity but a continuous process that adapts to the dynamic needs of the organization and the external labor market. It encompasses analyzing the current workforce, identifying future workforce requirements, and developing strategies for recruitment, training, and development to bridge the gaps. The process also focuses on succession planning, redeployment, and rationalization of workforce to deal with redundancies or surpluses. The significance of manpower planning lies in its ability to minimize labor shortages and surpluses, reduce labor costs, enhance employee morale through proper placement and development, and prepare the organization for future challenges. It _________ _______ __________ ____ ______ __________ ______ _________ ___ _________ ____ ________.
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