The four distinct stages in the HRP process are: Forecasting future demand for race, forecasting internal supply, forecasting external supply and developing plans to respond to forecasts.
All these four stages are self explanatory, for example, firms involved in human resource planning process first identify the gap between the current organisational human resource needs and the target desires. After identifying the gap, they decide for enrolment process. They forecast the internal and external supply.
Internal supply means searching within the administration to see whether the employees with appropriate skills are available to fill the vacancies.
External supply scheme searching outside the organisation by giving advertisements and select the employees through proper recruitment procedure by taking several tests. After checking the supply, they further develop plans to implement their HR processes.
All these four stages are self explanatory, for example, firms involved in human resource planning process first identify the gap between the current organisational human resource needs and the target desires. After identifying the gap, they decide for enrolment process. They forecast the internal and external supply.
Internal supply means searching within the administration to see whether the employees with appropriate skills are available to fill the vacancies.
External supply scheme searching outside the organisation by giving advertisements and select the employees through proper recruitment procedure by taking several tests. After checking the supply, they further develop plans to implement their HR processes.
