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) is the process of forecasting the future human resource requirements of the organization and determining as to how the existing human resource capacity of the organization can be utilized to fulfill these requirements.

Detailed explanation-3: -Human resource planning is the process of analyzing your people needs and planning ahead to meet them. It involves evaluating your current staff, key skills, hiring budget, and growth plans so that you can accurately forecast future requirements based on your business goals.

Detailed explanation-4: -Human resource planning is a four-step process that analyzes current human resources, forecasts future requirements, identifies areas where there are gaps, and then implements a plan to tighten up those gaps.

Detailed explanation-5: -Demand forecasting is a process of determining future needs for HR in terms of quantity and quality. It is done to meet the future personnel requirements of the organization to achieve the desired level of output.