Organisations need to know near to exact manpower due primarily two reasons. One, there should not be any negative impact of business due to non-availability of optimum number of resources having right competencies and second, any unplanned intake may increase unrequired manpower cost. To take care of both these reasons, organisations resort to annual manpower planning and budgeting exercise.
Manpower Planning helps in putting right number of people, right kind of people at the right place, right time, doing the right things for which they are suited for the achievement of goals of the organization.
Manpower Planning involves the systematic collection of both historical actual data and forward-looking business forecast to achieve firm’s short and long-term objectives. The procedure is as follows:
1. Analysing the current manpower inventory
2. Making future manpower forecasts
3. Developing employment programmes
4. Design training programmes
Once, planning is caried out, the top management of a company does accord its approval for intake. Prajjo HR software on Manpower Planning, Budgeting & Projection Simulation in intended to achieve both the parts, i.e., Manpower Planning and Budgeting. Additionally, Prajjo HR software also provides a simulator to model different requirements based on many business parameters; thereby organisations can validate manpower requirements coming from different sections of the organisation.