HUMAN RESOURCES PLANNING AND RETENTION

HUMAN RESOURCES PLANNING AND RETENTION

B. NAGASAI

2ND Year 2ND Semester

MBA Guide: Associate Prof.

Dr. P VENKATESHWAR RAO.

MALLA REDDY UNVERSITY

Maisammaguda, Dulapally, Hyderabad-500043, Telangana State

Abstract:

The following stages make up the HRM (human resource management) process: human resource planning, hiring, choosing, organizational development, performance evaluation, and remuneration. The planning of human resources (HRP), the first step in the HRM process, entails defining the HR objectives for an organizational formulating a strategy for achieving those goals, and creating an extensive collection of plans that combine and coordinate operations as part of the HR strategy. This role is essential since organization are by their very nature purposeful  organizations. To create appropriate HR plans for the organization, large organizations hire professionals and even set up departments that frequently use sophisticated quantitative methods and computer programmes. The business administrator is in charge of establishing the HR strategy in lesser organizations.

The strategic role of the HRP within the intricate Human Resource Management Network (HRMN) is examined in this research. Definition of HRP Prior to the late 1970s, what is now often referred to as HRP was known as workforce planning. The initial stage of the HRM process is HRP. It involves analysing and determining the accessibility and requirement for employees so that the organisation can achieve its goals. The goal of HRP is to make sure that the organisation has the appropriate quantity of human resources who are available at the right times in the right places and have the appropriate competences. In human resources planning, a company must take into account the availability of employees and their placement in positions for the long term, not only in the near future. until the following month. Additionally, HR plans might involve a number of strategies as part of the analysis.