- 10 Marks
Question
Investing in Human Resource Planning is one of the most important decisions a company can make. After all, a company is only as good as its employees, and a high level of employee engagement can be essential for its success. If a company has the best employees and best practices in place, it can differentiate between sluggishness and productivity, leading to profitability.
Required:
i) What is Human Resource Planning? (2 marks)
ii) Explain FOUR (4) activities involved in human resource planning. (8 marks)
Answer
i) Human Resource Planning:
Human Resource Planning is the strategy for the acquisition, utilization, improvement, and retention of the human capital of a business organization. It aims at reducing the effects of uncertainty in the external environment and helping in shaping the human resource policies of the entity. (2 marks)
ii) Activities in Human Resource Planning:
- Alignment with Organizational Objectives:
One of the main activities of human resource planning is the alignment of the organization’s objectives with its human resource needs. The manager thus will have to determine the structure which would enable the business to attain its goals and objectives. - Human Resource Audit:
Another activity is for the human resource manager to carry out a human resource audit of the entity to find out the available human resource in terms of quantity, skills, experience, etc. - Gross Human Capital Requirement:
A further activity is for the manager to determine the gross human capital requirement for the period under consideration. Based on information obtained from the audit, the manager would then know what level of human resource exists and what would be required in the future. - Net Human Resource Requirement:
The manager then determines the net human resource requirement for the period under review by finding the difference between the human resource audit and the gross estimates. - Preparation of Plans:
Another activity in human resource planning is the preparation of plans to enable the organization to meet its human resource needs. The plan will clearly state what needs to be achieved during training, recruitment, selection, and career development.
(4 points @ 2 marks each = 8 marks)
- Tags: Employee Engagement, HR Strategy, Human Resource Planning, Productivity
- Level: Level 1
- Topic: HR - Recruitment
- Series: NOV 2021
- Uploader: Uploader1