The success of an organization largely depends upon the quantity and quality of Human
Resources that it is able to attract & retain. Human resources are one of the most vital assets of an
organization. It is the people who make other resources moving. The placement of right kind of
people in right numbers, at the right place and right time is the basic function of Human Resources
management. Human Resource Planning (H RP) is a step in Human Resource Management. The
process of identifying how many people to select, at what job and at what time is called Human
Resource planning. Human Resource Planning is to get the right number of employees with the right
skills, experience, and competencies in the right jobs at the right time and at the minimum cost. This
Human Resource part of an organization ensures that the business production requirements are met
in an efficient and effective manner. Having too many employees is challenging due to the risk of
high labour expenses, downsizing, or layoffs. Having too few employees is also difficult due to high
overtime costs, the risk of unmet production requirements.