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PROJECT ON

“HR FORECASTING AND PLANNING

Presented by Submitted tProf. Vijay D

Mahendra jainRoll no. 16

Class T.Y.B.M.S



MEANING OF HR FORECASTING

HR orecasting attempts to determine the supplyand demand for various types of human resources,and to predict areas within the organizationwhere there will be labor shortages or surpluses.



CHALLENGES BEFORE THE HR MANAGER



There are three major steps to HRforecasting

1. Forecasting the demand for labor

2. Determining labor supply3. Determining labor surpluses



MEANING OF HUMAN RESOURCESPLANNING

Human resources planning is theprocess of forecasting and

organization future demand for andsupply of right type of people ,inright number .After HRP is donerecruitment and selection can bestart. Human resources planninghelp to achievement of the objectives

of the organization.



HRP PROCESS



Strategic human resources planning

Human resources planning is a process that identifies currefuture human resources needs for an organization to achievgoals.

Human resources planning should serve as a link between resources management and the overall strategic plan of anorganization. Aging worker populations in most western couand growing demands for qualified workers in developingeconomies have underscored the importance of effective HumResources Planning.It is determination of the overall organizational purpose an

and how they are achieved.



The important element in strategic humresources planning

1. Organizational goals

2. Human resources forecast

3. Employment information

4. human resources availability proj



What is Strategy, Planning and Forecasting?

Strategy, planning and forecasting is the ability to use evideorder to predict outcomes. It is the value derived from beingto assess the implication of the environment and how that ithe actions that need to be taken. A step before that is to beinitiated is to use an analysis of the environment to determsome extent, what the objective ought to be.



ichael Porter‟s View of Strategy

Michael Porter has been one of the foremost experts onbusiness strategy during the past twenty years. He definestrategy-setting process as „the search for a favorablecompetitive position in an industry. competitive strategy to establish a profitable and sustainable position against forces that determine industry competition.



Strategy, Planning and Forecasting For HRProfessionals

The main reasons for the use of strategic human resourceforecasting and human resource planning are:

1. To ensure that organization takes into account of “peopcontributors to its success by recognizing their unique contrto strategic direction and performance.

2. To align and integrate people strategies with organisatiostrategies.

3. To provide a process by which people considerations are early in the strategy-setting.



The process for deriving a supplyforecast The business or organizational strategy informs internal supply of

Environmental analysis used to inform likely external sources of su

1. Quantity of supply analyzed by total numbers.

2. Quantity of supply analyzed by location.

3. Quantity of supply analyzed by skill types.4. Quantity of supply analyzed by business unit.

5. Feedback to business managers.

6. Input to the HRP.

7. Measures of the implementation set.



Voltas HRD Centre, inaugurated on June 7, 1995, wdesigned by a group of architects, engineers, behavscientists and HRD executives to provide the right

environment for Training and Development. Set amidyllic sylvan surroundings, the Centre has anauditorium and a conference hall, as well as a numsyndicate rooms of varying seating capacities, backmodern training aids and accessories.



VOLTAS PROFILE

Voltas Limited is India's premier airconditioning and engineering services

provider. It offers engineering solutions

for a wide spectrum of industries in

areas such as heating, ventilation and

air conditioning, refrigeration, climate

control, electro-mechanical projects,textile machinery, machine tools,

mining and construction, materials

handling, water management, building

management systems, pollution control

and chemicals



United Nations Grand Award for Excellence in Public ServiWorldwide, 1993-94.

International Public Relations Associations Golden Trophy Excellence in Customer Service, 1994-95.

Mumbai Chamber of Commerce and Industry s Good CorporCitizenship Award, 1995-96.

AWARDS



Conclusion

Human resource planning begins with a foreof the number and types of employees neededachieve the organization‟s objectives. Planninalso involves job analysis, which consists of t

preparation of job descriptions and jobspecifications. Of particular concern for todaexecutives is the growing body of laws regulathe human resource management process.

(16)mahendra jain

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