Human Resource Planning and Forecasting

Human resource planning covering definition (assessing organization's HR needs, forecasting future demand and supply), meaning, objectives/aims, importance, limitations, HRP process (project HR supply, forecast HR needs, compare forecast with supply, plan policies and programs, evaluate effectiveness), HR forecasting (three major steps), planning for anticipated shortages (transfer, train, overtime, increase productivity, hire part-time/temporary/permanent, subcontract, capital substitution).