There is a systematic approach to developing, resourcing strategy, scenario planning, demand and
supply forecasting and labour turnover analysis. The degree to which HRP can be carried out systematically will
depend on the nature of the organization. If the future is fairly predictable then formal planning might be
appropriate. If it is not so, the approach to human resource planning might have to rely on broad scenarios rather
than precise forecasts.
The processes of Human resource planning (HRP) can be listed out as mentioned here under.
Business Strategic Plans:
These plans define future activity levels and initiatives demanding new skills.
Resourcing Strategy:
It gives a planning to achieve competitive advantage by developing intellectual capital i.e.
employing more capable people than rivals, ensuring that they develop organization specific
knowledge and skills and taking steps to become employee of choice.
Scenario Planning:
It assesses in broad terms where the organization is going in its environment and the
implications for human resource requirements.
Demand/ Supply Forecasting:
It helps in estimating the future demand for people of both quality and quantity and assessing
the number of people likely to be available from within and outside the organization.
Labour Turnover Analysis:
It deals with analyzing actual labour turn over figures and trends as an input to supply
forecasts.
Work Environment Analysis:
It seeks to analyze the environment in which people work in terms of the scope that it provides
for them to use and develop their skills and achieve job satisfaction.
Operational Effectiveness Analysis:
It analyses productivity, the utilization of people and the scope for increasing flexibility to
respond to new and changing demands.