is a process that identifies current and future human resources needs for an organization to achieve its goals. is the process of acquiring and utilizing human resources in the organization. It ensures that the organization has the right people in the right place at the right time. IMPORTANCE Future personnel needs. Need of replacement of personnel. Creating highly talented personnel. Proper utilization of human resources. Development of human resources. Objectives To ensure optimum use of existing human resource to forecast future requirement of human resource. To anticipate the impact of technology on jobs and HR. To determine the level of Recruitment and Training. To meet the needs of expansion and diversification programs. THE PROCESS OF HUMAN RESOURCE PLANNING Analyzing The over all human resources planning system should be well thought out, systematic and well documented. The effectiveness of planning depends on the detail, accuracy and reliability of the information sources. Forecasting Forecasting is considering the future needs of organization. One of the most useful outcomes of this phase is the identification of potential problems or issues facing your organization. Forecasting techniques Managerial judgement Delphi technique Trend analysis Ratio analysis Planning Strategies, initiatives and programs and policies should be developed to address the gaps identified in the analyzing phase. This will ensure that your element will recruit, develop and retain the critical staff needed for a successful workforce plan. Implementing After organization have analyzed, forecasted and planned, it is critically important to put together an implementation plan to carry out the planned activities included in the human resources plan. This will be the process of using all the information gathered in the previous phases and devising a plan to execute the new strategies.