Importance of Manpower Planning
1. Strategic Alignment: Within the framework of manpower planning, there is the correspondence of the number of employees with the company’s strategic direction and business goals.
2. Optimized Resource Utilization: Smart manpower planning is key in achieving quality resource deployment by employing the best qualified with the right skill at the designated time. This reduces the inefficiencies caused by overstaffing or understaffing, hence improving the productivity of staff and reducing expenditure on recruitment.
3. Talent Acquisition and Retention: Manpower planning serves as a driver of proactive talent acquisition, employee mentoring and other retention strategies.
4. Adaptability and Agility: Organizations of today should learn to be ready to change and keep ahead. Manpower planning will help businesses to foresee and react to market variations, technology upgrade, and the trends in the industry by having the best capability of workers so that the companies will be able to enjoy all the benefits.
5. Succession Planning and Leadership Development: It is the human resource management function, which is of high importance in succession planning and leadership development.
Contact Us