Following are the steps to carry out Man Power Planning or Human Resources Planning.
1. Forecast HR Demand – Forecasting the future employee needs can be done using several methods such as Delphi method, Unit Forecasting, Formal Expert Survey, Trend analysis etc.
2. Estimating the HR Supply – HR supply is the internal employees who can be promoted and transferred using a Management or Skill inventory and the unemployed who are seeking jobs or the employed but seeking better opportunities.
3. Then the HR demand should be compared against the HR Supply. This will result in an excess or shortage of employees for the future.
4. Strategies should be formulated to avoid the excess/ shortage. Excess can be deal with by freezing recruitment, offering VRS, transferring to other branches etc while hiring employees, getting existing employees to do over time; out sourcing etc can be done for shortage of employees.
5. Evaluating the MPP process- When the actual period arrives you can asses how accurate your MPP efforts were.
Hey, hope this helped out!!!!!!!