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Definition: Manpower Planning
Manpower Planning is also called as Human Resource Planning. Manpower planning is the process of estimating or projecting the number of personnel required for a project (with different skillsets) over a predefined period of time.
Manpower planning also includes the details like how and when will new employees be acquired. This whole process is done keeping in view the goals of the organization, the future predictions for business and changing technology trends. This helps the organization be prepared for the future with the correct manpower at their disposal for business prosperity.
The above diagram shows the manpower planning process which depends upon the business objective. The process can be elaborated in detail below.
Manpower Planning Process
HR department of every company has to constantly keep an eye on the human resources that the company has. With every possible event like change industry dynamics, increase in business requirements, skills required for a particular technology etc, the need for having better resources increases. The process and steps for having manpower planning are as below:
1. Understanding the existing workforce: The HR department has to thoroughly understand the manpower available with the company. They should examine the background, skill set, qualification, location etc of the entire work force so that they have a good idea regarding the pool of talent which the company has.
2. Forecasting for the future: With constant changes in business requirements, companies must understand the future trend and which type of employees would be best suited for their organization. Hence, companies must examine, evaluate and forecast the type of employee workforce they want in the future years
3. Recruitment and selection: Depending upon the business requirements, manpower planning leads to a much more well thought out recruitment and selection pattern. This totally depends upon the forecasts made and the business requirements. Hence, candidates with better qualification, skill set, experience etc are shortlisted as employees to best suit the future needs.
4. Training the employees: Employees who are a part of the organization are trained to have the best skills, knowledge and understanding about the current job as well as the future requirements.
All these above mentioned manpower planning steps help organizations become better prepared to adapt to new technology, future industry developments and even to face off with competitors.
Importance of Manpower Planning
Manpower planning is an essential requirement for any business. It helps the company to be prepared well in advance for the type of employees they would be requiring in their organization in the future. With constantly changing business requirements, technological advancements etc the skills and knowledge of employees tend to become obsolete over a period of time. Also, if a business is growing, then the workforce needs to be expanded if the company wants to have its business at different locations, different business domains etc. If a company fails to prepare before hand, it can create issues in the future and can collapse the business model for a company. Hence, timely preparation of manpower planning would always help a business grow.