Explain Why Human Resources Planning Is Important to an Organisation

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M1 - Explain why human resources planning is important to an organisation. Human Resource management can be defined as a management of organisation workforce. It is responsible for recruitment and selection, induction and training, promotion and transfers, human resources and manpower planning, rewards and conditions of employment and appraisals and termination of employment. HRM is also a strategic and comprehensive approach to managing people and the workplace culture and environment. Effective HRM enables employees to contribute effectively and productively to the overall company direction and the accomplishment of the organisation 's goals and objectives. (1) Roles of HRM: The human resources management team suggests to the…show more content…
Productivity and Cost Analysis (analysing productivity, capacity, utilisation and cost to identify the need for improvement in production or reduction in cost). Factors involved in BT HRM planning: The main internal factors of human resource planning are demands for product or services, markets technological changes, etc. For example: Use of technology Internal factor is the willingness for BT human resources department and company management to use technology to aid in certain key human resources functions which can impact on how the department allocates its time and resources. Existing or New Skills Requirements (Training and Development) Training and development are important for all businesses and is particularly important for BT, experienced competent people contribute to both the productivity and profitability of BT. Remaining competitive depends in large measure on ensuring that BT workforce is trained and up to date with all updated skills and knowledge, especially in today’s global economy, in which keeping up with new methods is so important. External Factors Involve: The main external factors of human resource planning are workforce profiles, supply of labour competition within labour market, changes in nature of work, government policy, etc. For example: Supply of Labour A primary function of human resources departments is to maintain enough staffing levels. An external factor which influences the ability to recruit qualified candidates

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