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Human Resource Planning (HRP)

This article covers meaning & overview of Human Resource Planning (HRP) from HRM perspective

Published by MBA Skool Team in Human Resources Terms Last Updated: February 12, 2024Read time:

What is Human Resource Planning (HRP)?

Human Resource Planning (HRP) is the continuous process of planning the human resource of an organization to meet the demand in terms of numbers and the quality. The process involves the critical task to balance the supply and demand of human resource to optimally utilize the resources. The activities of recruitment, generating a pool of candidates for future, forecasting the demand etc. are critical to this process.

Advantages: Proper planning helps in the following:

  • Meeting the manpower requirements on time
  • Getting suitable candidates
  • Avoids the loss due to shortage of manpower
  • Predicting the future labour market conditions

Human resource planning consists of:

• Hiring

• Recruiting

• Compensation

• Benefits

• Training

• Evaluation


it is viewed as the subset of overall organization planning. Through human resource planning we try to forecast the future demand of work force in an organization and required supply of right people for it. In other words in human resource planning we try to acertain the requirement of human resources by an organization together with sources of meeting it. Thus we finally end up by an effort to align both for the growth of an organization

Why human resource planning?

• To reduce Waste in employing people.

• To lessen the uncertainties about manpower levels & future needs.

• To stop the profit-eroding effects of being over or understaffed.

• To prepare succession plans.

• To shape the optimum future work force by hiring the right managers and skilled workers.

Human resource planning is a broad and a proactive process carried on quarterly or annually by various organizations.it serves a starting point for recruitment and selection process in an organization

Hence, this concludes the definition of Human Resource Planning (HRP) along with its overview.

This article has been researched & authored by the Business Concepts Team which comprises of MBA students, management professionals, and industry experts. It has been reviewed & published by the MBA Skool Team. The content on MBA Skool has been created for educational & academic purpose only.

Browse the definition and meaning of more similar terms. The Management Dictionary covers over 1800 business concepts from 5 categories.

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