Describe the requirements and process of manpower planning.
The process of manpower planning in an organization.
– Analysing the corporate and unit level strategies.
– Demand Forecasting: Forecasting the overall human resources requirements in accordance with the organisational plans.
– Supply Forecasting: Obtaining the data and information about the present inventory of manpower and forecast the future changes in the human resources inventory.
– Estimating the net manpower requirement.
– In case of future surplus than plan for redeployment.
– In case of future deficit, forecast the future supply of manpower from all sources with reference to plans of other companies.
– Plan for recruitment, development and internal mobility if future supply is more than or equal to net manpower requirements.
– Plan to modify and adjust the organizational plan if future supply will be inadequate with reference to future net requirements.
– Degree of uncertainty and length of planning period.
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