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smu mba 1 semester assignments of MB0043 Q1. Define Human resource planning (HRP). Explain the objectives and process of HRP.

Answer: Human resource or manpower planning is 'the process by which a management determines how an organization should move from its current manpower position to its desired manpower position. Through planning, a management strives to have the right number and the right kind of people at the right places, at the right time, to do things which result in both the
organization and the individual receiving the maximum long-range benefit".
 Objectives
 1. To carry on its work, each organization needs competent staff with the necessary qualifications, skills, knowledge, work experience and aptitude for work.
2. Since employees exit and organization both naturally (as a result of superannuation) and unnaturally (as a result of resignation), there is an on-going need for hiring replacement staff to augment employee exit. Otherwise, work would be impacted.
3. In order to meet the need for more employees due to organizational growth and expansion, this in turn calls for larger quantities of the same goods and services as well as new goods. This growth could be rapid or gradual depending on the nature of the business, its competitors, its position in the market and the general economy.
 Process of Human Resource Planning
 The process of Human Resource Planning is one of the most crucial, complex and continuing managerial functions which, according to the Tata Electrical Locomotive Company, "embraces organization development, management development, career planning and succession planning".

It may be rightly regarded as a multi-step process, including various issues, such as:
 1. Deciding goals or objectives;
2. Estimating future organisational structure and manpower requirements;
3. Auditing Human resources both internally and externally
4. Planning job requirements and job descriptions/person specifications; and
5. Building a plan 

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