Explain the nature and contribution of the HRM function to HR planning for the human resource needs of organisations

Function of HRM Current organisations are attempting to assure that they are ready to adapt changing and challenging business conditions. However the achievement of this goal heavily depends on the organisations people as it is the primary differentiator of the knowledge driven world. The strategies, policies and decision making process of a company are designed by the human resource of the company therefore it is essential to have the right qualified staff in order to face the competition in the market. The function of the HRM is to formulate expeditious use of a human resource in an organisation through planning, developing, and administering policies and programmes. The objectives of the HRM are utilising human resources within organisations, improving working relationships within the human resource and maximising the individuals development . Similarly, major functions of the human resource management are planning, staffing and employee development. Generally following functions of the HRM are considered as important. Staffing Staffing refers the recruitment and selection of most suitable people for an organisation. In the recruiting function, the qualified applicants will be attracted to the organisation while selection is carrying out to select most suitable applicants for a particular profession among those who were attracted through recruitment function. This function heavily

contribute to the HR planning of the organisation, as staffing should be done by using well prepared plan of future HR needs. Career Planning As many employees expects to grow in their professional career, career planning is very important concept in HRM. The activities related to career planning requires to asses potential of individual employees for advancement and development in the company.

Compensation The employees should be paid a fair payment for their performances in a certain job. In order to maintain highly motivated staff, it is essential to maintain effective compensation system. Similarly, compensation can be considered as a major cost of organisations a strong attention has been given in HR planning. Compensation has a considerable influence on staffing and employee development. When consider about staffing, talented employees will consider the level of payment offered by the company before they applying to the jobs. Benefits Organisations have to plan possible kind of benefits available for their employees. Both the legally required items and those offered at discretion of the employer might be included in the benefits. The benefits are one category of the main considerations in HR planning as it has such an important position.

Labour Relations: The employees may have many interactions such as labour unions. The companies has to maintain a proper plan in order to negotiate with the trade unions regarding issues on wages, service conditions, grievances and disputes. Record-keeping Record keeping is one of the most important factions in HRM which has a great contribution to the HR planning. In order to run a companys human resource management process fairly, it is essential to maintain records such as employment history, hours of work and absences, turnover, health and medical records, application forms, seniority lists, tardiness and earnings.

Personnel Research It is essential to have a pre-planning and post-reviewing when running a personnel programme. It is essential to conduct a survey in order to cover wide scopes of some

areas such as terminations, recruitment, training and employee turnover. Opinions of the employees are also very important to the success of any organisation.