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HR Planning
Human Resource Planning
The process of analyzing and identifying the need for and availability of human resources so that the organization can meet its objectives.
Purpose of HRP
Reduces personnel costs Provides a better basis for planning employee Development Improves the overall strategic plan
Importance of Planning
Deal with change--technological , social, regulatory, and environmental Objectives "if you don't know where you are going, any road will get you there."
Retail Industry
The retail industry employs over 35 million persons 16 with the majority of the employment being in unorganised sector. The employment in the organised segment is about 0.3 million17
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Pantaloon Retail (India) Limited, is a large Indian retailer, part of the Future Group, and operates in multiple retail formats in both, value and lifestyle, segments of the Indian consumer market. Kishore Biyani started his career selling stonewash fabric to small shops in Mumbai. Years later, with the launch of Pantaloons, Big Bazaar, Food Bazaar, Central and many more retail formats, he redefined the retailing business in India. Headquartered in Mumbai (Bombay), the company operates over 10 million square feet of retail space, has over 1000 stores across 61 cities in India and employs over 30,000 people.
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Environment of Pantaloons
External Forces are as follows
Economic Factor
Technological changes
National Culture
Competitors strategy
Action of Unions
Globalization
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Environment of Pantaloons
Internal Changes in Organizational Environment
Organisations Size
Organisational Structure
Business Strategy
Top Management
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Forecasting
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After planning they send this report to the head office for approval. If get approval from the head office then start with the recruitment process.
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Selection
Selection can be conceptualized in terms of either choosing the fit candidates, or rejecting the unfit candidates, or a combination of both.It is done through: Interview Group exercises Presentations Psychometric tests Role plays/Situational Exercises Interview
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They also give training to already existing employee and that depends upon the condition. For example if new technology is introduced full training about new technology is been given.
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Gap Analysis
Gap
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Solution Analysis
Solution analysis is the development of strategies for closing the gaps through applying different startegies like:
Recruitment & selection Placement, Training and development Retention activities Downsizing plan
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HR Plan Implementation
Managerial Succession Planning: Succession planning is the process of ensuring a suitable supply of successors for current and future senior or key jobs. It refers to the process of deciding how to fill the most important executive posts in the organization.
Succession planning
includes the development of replacement charts portray middle-to-upper level management positions that may become vacant in the near future lists information about individuals who might qualify to fill the positions
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Summary
An effective HRP is required for an organisation to be effective
A complex system is not whats required Measure of success of the system: if the right people are available at the right time HRP needs to be fully in integrated to the organisations business plan HR managers must be able to demonstrate the success of HRP processes
Limitations
study necessitating complete enumeration of the organization and analysis of several issues.
Following are the limiting factors:
Collecting information from people during the working hours was difficult.
Some employees did not have in depth knowledge about their work and were not able to give relevant information.
Most of the employees were hesitant in giving frank opinions and answer during personal interview. 23
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