Factors Influencing HR Planning

HUMAN RESOURCE PLANNING (HRP)

Human Resource Planning is a process of ensuring the right number of qualified people into the right jobs and at the right time to maintain the future organizational needs. HR Planning is a system of matching the human resource demand of the organization with the potential employees.

According to E.B.Gisler, ” Human Resource Planning or Man Power Planning is the process by which a firm ensures that it has the right number of people and right kind of people at the right places and at the right time, doing things for which that were economically most useful”.

FACTORS INFLUENCING HRP

There are many factors which influence the Human Resource Planning activities of the organization. These factors can be broadly divided into two types based on the nature of the aspect, they are as follows,

  • Internal Factors
  • External Factors

01. Internal Factors

As the name suggests, the internal factors are the factors which are from the side of the organization and the management of the organization have much control over this factors and sometimes the internal factors can be easily avoided with little planning and caution from the side of the management of the organization. The internal factors are as follows,

  • Corporate plans, policies, and strategies
  • Welfare policy of the organization
  • Labor Market Conditions
  • Job analysis
  • Nature of work
  • Human resource information systems
  • Production policy of the company
  • Cost of labor
  • Union wage trends
  • Labour turnover and attrition rate
  • Trends in the labor market productivity

02. External Factors

The external factors are the factors which are not under the control of the organization and these are the factors which can have a most influential effect on the company. The external factors are as follows,

  • Demographic Factors
  • Economic Factors
  • Socio-cultural Factors
  • Technological Factors
  • Political Factors
  • Legal Factors, etc
types of hr policies

Types of HR Policies

objectives of training

Objectives of Training