These companies have multiple projects going on at a single time and upcoming projects in the pipeline. IT companies are often faced with the business problem of hiring right people for upcoming projects as well as attrition. Hence, timely preparation of manpower planning would always help a business grow. If a company fails to prepare before hand, it can create issues in the future and can collapse the business model for a company. Also, if a business is growing, then the workforce needs to be expanded if the company wants to have its business at different locations, different business domains etc. the skills and knowledge of employees tend to become obsolete over a period of time. ![]() With constantly changing business requirements, technological advancements etc. It helps the company to be prepared well in advance for the type of employees they would be requiring in their organization in the future. Manpower planning is an essential requirement for any business. Training the employeesĮmployees who are a part of the organization are trained to have the best skills, knowledge and understanding about the current job as well as the future requirements.Īll these above mentioned manpower planning steps help organizations become better prepared to adapt to new technology, future industry developments and even to face off with competitors. ![]() are shortlisted as employees to best suit the future needs. Hence, candidates with better qualification, skill set, experience etc. ![]() This totally depends upon the forecasts made and the business requirements. Recruitment and selectionĭepending upon the business requirements, manpower planning leads to a much more well thought out recruitment and selection pattern. Hence, companies must examine, evaluate and forecast the type of employee workforce they want in the future years 3.
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