Human Resource Planning (HRP) is the process of anticipating an organization’s future human resource requirements and deciding how the organization’s existing human resource capacity might be used to meet those requirements. As a result, it focuses on the fundamental economic notion of demand and supply in relation to the organization’s human resource capacity.
It is the HRP process that assists the organization’s management in fulfilling the organization’s future human resource demand by providing suitable people in the appropriate numbers at the appropriate time and place. Furthermore, management may only begin the recruitment and selection process when a thorough analysis of the HR requirements has been completed.
HRP is also critical to the organization’s performance in accomplishing its strategy and objectives. Indeed, with the inclusion of strategies and long-term organizational objectives in human resource planning these days, HR Planning has evolved into Strategic HR Planning.