Manpower Planning

Description

Manpower Planning is also known as Workforce Planning. Manpower Planning is the process of personnel planning; formulating plans to fill the future openings based on the analysis of environment and organizational plans. Manpower Planning applies management principles in procuring, developing, maintaining people in the organisation. So, manpower planning takes care of natural depletion of work force and the changing needs of the company as far as quality and nature of workers are concerned.

Manpower Planning is defined as the process by which management determines how an organization should move from its current manpower position to its desired manpower position. Regression Analysis technique presupposes a linear relationship between independent (casual) variables and dependent (target) variable. The Work-Study Technique is to be used when length of operations and amount of labour required can be calculated.

The future labor demand is determined by the figures of inflow and outflow of personnel which is discussed and decided by the managers. The Markov Model produces a series of matrices that give details about the various patterns of movement to and from the various jobs in the organization. It helps to determine the likelihood that an individual will display movement behaviours.

Number and percentage of starters at a particular job who target a future job within a specified time. Movement patterns and expected duration in specified jobs associated with patterns of career progression.

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