Workforce that means human resource must be planned from the beginning of their career until their
retirement age. Human Resource Planning should be done to avoid redundant employees and lack of
employment in the near future.
Managers work with three organizational resources: physical, financial and human resource. Of the
three, human resource is the most important since it has a strategic place. The Carnegie Foundation says
that 85% of the factors of success are due to the personal qualities and only 15% can be attributed to
technical knowledge.