This step is to plan what positions the company will have to fill and how to fill them by forecasting the demand of labor. The amount of employees should be balance not surplus or shortage. A good plan will help this management.
Coca-Cola HR department involves in company strategic planning as to meet business objectives and gain competitive advantage over competitors such as PEPSI. They also make sufficient planning for hiring new employees in the future. They forecast for the expected employees needs in the organization. Moreover, they forecast of employees on the change technology and increasing in productivity too.
After planning, HR department will send report to the head officer for approval. If they get approval. Then it is the beginning of recruitment process.