The blend of Human Resource Management (HRM) and Human Capital Management (HCM)
has replaced the already existing branch of Knowledge, Personnel Management in the Post Globalization
Scenario. Since then Human Resource Planning (HRP) has acquired immense importance in terms of
organizational development. HRP is largely based on the concept that people are an organizations most
important strategic resource. Generally it deals with matching resources to business needs. It also addresses
human resources needs both in terms of quality and quantity. HRP also deals with broader issues of the
employment and development of people so as to improve organizational effectiveness. It is therefore imperative
that HRP is required to be analytically studied for a fair understanding