ENTREPRENEURSHIP

Detailed explanation-1: -HRP is the process by which an organisation ensures that it has the right number and kind of people, at the right place, at the right time, capable of effectively and efficiently completing tasks that will help the organisation achieve its overall objective.

Detailed explanation-2: -Planning, coordinating, and supervising the employment of new employees are the responsibilities of HR managers.

Detailed explanation-3: -There are four general steps in the HRP process: identifying the current supply of employees, determining the future of the workforce, balancing between labor supply and demand, and developing plans that support the company’s goals.

Detailed explanation-4: -Robbins (2001) defines HRP as “the process by which an organization ensures that it has the right number and kinds of people at the right places, at the right time, capable of effectively and efficiently completing those tasks that will help the fulfill organization’s overall objectives.”

Detailed explanation-5: -HR forecasting is the process of predicting how a company’s staffing needs change with time so that it can remain prepared to operate successfully. Organizations use HR forecasting to decide to hire more people, reduce their staffing or adjust how they divide responsibilities.