Human Resource Acquisition
Human resource Acquisition is the approach of finding
and attracting the right talent to apply for open positions
at the right cost.
Companies can fill a vacant position by hiring applicants
through mutual channels, existing employees based on
performance, expertise, and ability.
It provides an incentive for staff to perform well and get
Concept of Human Resource
Human resource planning is a process by which an
organization ensures that it has the right number and
kinds of people at the right place at the right time
capable of effectively and efficiently completing those
tasks that will help the organization achieve its
overall strategic goal.
Importance of HR Planning
Organizational Objectives & Policies (expansion,
downsizing, acquisition, merger )
Forecast HR requirement (Prevent shortage / excess of staff
Determine future staff-mix
Cope-up with the change — in market conditions,
technologies, products, government regulations and policies,
Helps in succession planning
Use existing HR productivity.
Promote employees in a systematic manner
The focus of human resource planning is on labour demand
(the number of people needed by the organization) and the
labour supply (the number of qualified people available to
HR planning involves the entry of people into the
organization (acquisition), the development of people skills
(development) and the exit of people from the organization
To ensure that a predetermined number of persons with the
appropriate knowledge, skills and abilities are available at a
specified time in the future.