Explain importance of Man Power Planning in Human Resources Management.
Importance of Man Power Planning in Human Resources Management is given below:-
- Matching jobs along with personnel
- Avoiding surplus/ shortage of staff
- Commenting on the recent manpower position
- Forecasting future manpower requirements
- Control over salary/ wage costs
- Optimum use of manpower
- Implementation and Formulation of operational plans
- Integration along with entire managerial process