What does it mean by human resource planning?

The continuing process of systematic planning

to achieve finest use of an organization's most valuable asset -

its human resources. The objective of human resource (HR) planning

is to ensure the best fit between employees and jobs, while

avoiding manpower shortages or surpluses. The three key elements of

the HR planning process are forecasting labor demand, analyzing

present labor supply, and balancing projected labor demand and

supply.