AN EXPERT LECTURE ON "HR PLANNING"
The efficient operation of a multinational corporation is contingent upon the availability of numerous resources-technology, capital, know-how, and people. Human power is a key ingredient to the successful operation of a multinational, without which all the other aforementioned resources could not be effectively and efficiently utilized or transferred from corporate headquarters to the various subsidiaries in the world. Hence, there is a need for multinationals to devote more attention to human resource planning, which is viewed as part of the overall planning and control process in a firm.
The HR department sees whether all departments in the organization are an appropriate size or not and also prepares for future job openings and vacancies. The HR planning process is a very methodical one. By adhering to this, the organization ensures that at all points in time; it has only those employees that it requires. Also, this is an on-going continuous process. Through out the organization's existence HR plans have to be drawn.There are several perils of both under and overstaffing. When an organization is understaffed, it is not able to perform to its fullest capacity. The loss is in terms of customers, which in turn affects profits and in turn the company is not able to achieve economies of scale, operations and specialization. When an organization is overstaffed, the skills of the employees remain under utilized and the company ends up paying mammoth salaries.
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