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From the blogs

What is manpower planning?

Quantitative and Qualitative aspects of manpower planning


What are the factors to be considered while hiring human resources?

Human Resource is also an important determinant of business location and functioning. Factors such as the availability of labour of different skill levels, productivity and cost of labour, flexibility of labour, attitude and behaviour patterns of labour, nature of trade unionism etc. are important to a business. The whole process begins with the task of hiring manpower for starting a business for filling the present and prospective vacancies in the company. The objective of hiring manpower is to procure the right number of employees, with the required qualifications to do the right type of jobs. The hiring process involves four main steps i.e. manpower planning, recruitment, selection and placement.

Each of these steps and sub-steps help the employer obtain more and more information about the candidates and thus help in obtaining the best possible manpower for the firm. This function must be performed carefully because any error committed at the time of hiring manpower may prove to be very costly for the firm both in the short as well as long term. These costs will be in the form of waste of time, money and energy in repeated hiring process. The training costs incurred on them will go waste. The efficiency of the organisation will go down due to hiring of unsuitable candidates. At the same time the rate of absenteeism and labour turnover will be higher. Hence, an effective hiring procedure includes the answers to the following questions :-
  1. What are the requirements of the jobs to be filled?
  2. What kind of persons are needed?
  3. How many persons are needed?
  4. What sources of recruitment may be utilised?
  5. What steps should be taken to select the right type of candidates for employment?