What is the overall purpose of the 5 step human resource planning process?

Human Resource Planning is a practice in the course of which the corporation looks forward to future selling and ecological strengths. Human Resource Planning evaluates manpower prerequisite for prospect era. It endeavors to afford adequate manpower required to execute managerial activities. Human Resource Planning is a nonstop process which establish with classification of Human Resource objectives, move about during examination of manpower resources and trimmings at assessment of Human Resource Planning.

Five Steps:

1. Assessing Human Resources

2. Demand Forecasting

3. Supply Forecasting

4. Matching Demand And Supply

5. Action Plan