FACTORS AFFECTING WFP

• economic developments, political, legal, social, technological changes, and competition


  External challenges
• divesting, investing, downsizing, and merger

  Organizational decisions
• Quality and quantity, and diversity of workforce


  Workforce factors
• HRP is the most important managerial function of an organization. It ensures three main things:

  1. Adequate supply of human resources. 2. Proper quality of human resources. 3. Effective utilization of human resources.
• Objectives of Human Resource Planning

  • Assessing manpower needs for future and making plans for recruitment and selection
  • Assessing skill requirement in future for the organization
  • Determining training and the development needs of the organization
  • Anticipating surplus or shortage of staff and avoiding unnecessary detentions or dismissals
  • Controlling wage and salary costs
  • Ensuring optimum use of human resources in the organization
  • Helping the organization to cope with the technological development and modernization
  • Ensuring career planning of every employee of the organization and making succession programs
  • Ensuring higher labor productivity