ENTREPRENEURSHIP

Detailed explanation-1: -Human resource planning (HRP) is the continuous process of systematic planning to achieve optimum use of an organization’s most valuable asset-quality employees. Human resources planning ensures the best fit between employees and jobs while avoiding manpower shortages or surpluses.

Detailed explanation-2: -Human resource planning (HRP) definition: Human resource planning is a technique company uses to balance its flow of employees and prevent situations such as team member shortages or surpluses.

Detailed explanation-3: -Human resource planning is an important part of a holistic approach to HRM. A good plan allows your organization to anticipate turnover and future staffing needs, adapt to change, and to grow, among other things.

Detailed explanation-4: -Human resources help plan and allow the company to plan and maintain a steady supply of skilled employees. Therefore, it is also referred to as workforce planning or manpower planning. It helps companies to plan and to meet their targets in the future.

Detailed explanation-5: -HRM is involving some functions and HRP is the function to ensure that the organization will always have enough manpower (usually in numbers but also can be in competencies) to run the organization or to achieve further targets of the organization.