Differentiate between career and manpower planning. Discuss the advantages and limitations of career planning.
Career planning and manpower planning are two crucial components of Human Resource Management (HRM), serving distinct yet complementary functions within an organization. While both focus on the effective utilization and development of human resources, they differ in scope, focus, objectives, and time horizon.
Career planning is a process by which an individual sets career goals and identifies the path to achieve those goals. It is employee-centric and revolves around the aspirations, skills, and capabilities of the individual. It typically involves self-assessment, goal setting, identifying training needs, and planning for promotions or transitions within the organization. Career planning is an ongoing process and is driven by the motivation and initiative of the employee, although the organization can support the process through career counseling, mentoring, and providing development opportunities.
Manpower planning, also referred to as human resource planning, is the process of forecasting an organization's future demand for and supply of the right type of people in the right number. It is organization-centric ________ _______ ___ ________ _______ ____ ______ ______ ______ ____ _______ _______.
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