HRM planning is analysing the current workforce and determining future needs.
What is HRM Planning?
HRM planning flows from organisational strategy and links people management into the operational business process. The planning process must be organisation wide and requires effective communication between the HR team and the rest of the business, as well as input from a variety of stakeholders.
Chartered Institute of Personnel and Development
Franchise Development HRM Planning
As a franchisor/franchisee you will need to focus on HRM planning as your franchise network develops
As your network grows your communication processes will need to become more effective.
The key elements of HRM planning offered to our clients are set out below.
In today’s economy a businesses most valuable asset is its human resources. Their knowledge, skills and competencies can determine success.
Human resource planning is an integral part of business strategy.
The objective of human resource planning is to ensure that you have the right number of people in the right jobs at the right time.
For the simple reason that a HRM planning is linked with business strategy. A complete understanding of your business and its objectives needs to be developed.
Accordingly, the strategic direction for any hrm decisions must be underpinned by a comprehensive analysis of your business, the market, competition and the environment in which you operate.
Assessment of Current HR Capacity
The first step in human resource planning is to assess your current human resources.
This involves analysing your hr strengths across factors including employee numbers, skills, qualifications, experience, compensation.
Forecast Future HR Requirements
You will need to identify the future hr needs of your business and how your hr resources will achieve your goals and objectives.
It’s important to assess any gaps between your businesses demand for qualified employees and the supply of those employees internally and externally.
Developing Talent Strategies
Having determined your businesses staffing needs, it’s crucial to look at the development of staff and how this fits into your businesses overall strategy.
This includes recruitment, selection, hiring, training and development, remuneration, performance management and employee relations.
Monitoring and Control
An evaluation needs to be carried out to ensure the hr plan has been effective in achieving your businesses goals and objectives.
Key performance indicators may include productivity, profit, employee retention and employee satisfaction.
Everything we do is backed by research
Book A Free HRM Review
Take advantage of our free HRM review and we’ll give you the feedback you need to pursue your business aims and objectives.