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HRP Process
HRP process is a strategy for the acquisition, utilization and retention of an enterprise's human resources. It seeks to link policy and practice in day to day decision making. HRP process cannot be applicable universally. It varies from organization to organization.
Stage 1: Investigation
It is the primary stage of HRP in any organization. In this stage, organizations try to develop their awareness about the detailed manpower scenario by looking at their current manpower. A SWOT analysis can reveal a better picture with due consideration of the external environment, performance, productivity trends, working practices, operational and strategic plans.
Stage 2:Forecasting
After adequate investigation, in the next phase of HRP process, analysis of demand and supply of manpower is done. There are different models of demand forecasting. Manpower supply analysis is done considering both internal and external supply. While doing internal supply analysis, career planning and development, training and succession plan aspects are considered along with corporate policies and procedures. Like in case of promotional policy- will it be done on merit basis or seniority basis. External supply analysis is done considering macro level issues to understand their availability. It helps to identify the status of employment (permanent, contracting, sub-contracting)
SUPPLY FORECASTING
Internal programs
External programs
Promotion
Transfer Career planning
Recruiting
External selection Executive exchange
Training
Turnover control
Internal supply forecast External supply forecast
At this stage, forecasts of manpower are translated into HR policies, which encompass all HRP related issues like recruitment, training, and development. While going for recruitment, it is necessary to understand the job descriptions and job roles. To address the problem of knowledge and skill obsolescence in the context of changing technology, training and development policies of the organizations should be made accordingly. While doing HRP, flexibility and inter-relationship of all other policies also need to be considered. Control must be there to correct any observed deficiency in such plans.
Stage 4: Utilization
In this final stage of HRP process, success is measured in terms of achievement trend, both in quantitatively and qualitatively. While quantitative achievement is visible from productivity trend, manpower cost, etc.
Qualitative achievement is a subjective appraisal on achievement of organizational objectives. Reflection of qualitative achievement can also be studied in the context of prevailing industrial relations, level of motivation and morale, grievance pattern etc.
Forecasting of Demand
(Quantitative Tools)
Time Scale of HRP Forecasts- Determining time scale of
human resource forecast is very important to decide about their availability and chart the possible action to meet the requirement. Depending on time frame , which again depends on the basis of requirement, nature of analysis of externalinternal source , keeps on changing.
To forecast the manpower requirements at different points of time. Analysis of present and future workload depends on the possibility of quantifying the work content in every area of an organizational activity.
Managerial Judgment
A manager has to make a judgment about the future employment levels. Such judgmental decision is based on his past experience, which he relates to past occurrences of some events and its effects on manpower plans. Combining quantitative tools with judgment yield better results.
Indicates the number of leavers as percentage of average number of employees. Average number of employees employed in a given time period is decided by adding the employees at the beginning and end then dividing the same with two.
Stability Index