1. HRM Notes/Prime College/Naresh1–11–1 Features of HRP On the basis of above definitions we can draw several features of HRP: 1. HRP is a systematic and planned process. 2.It is a continuing and dynamic process which incorporates change according to change in environment. 3.Plans are formulated keeping in view the long term stability and development.

2. HRM Notes/Prime College/Naresh1–21–2 Features of HRP 4.Qualitative and Quantitative analysis of the requirement of human resources 5.It is an integral part of corporate planning. 6.It also takes into account the satisfaction of individuals involved. 7.For the effectiveness of the organization, the HRP is related to all levels of an organization.

3. HRM Notes/Prime College/Naresh1–31–3 Objectives of HRP 1.to recruit and retain the human resources of required quantity and quality. 2.to foresee the employee turnover and make the arrangements for minimising turnover and filling up of consequent vacancies. 3.to meet the needs of the programs of expansion, diversification etc.

4. HRM Notes/Prime College/Naresh1–41–4 Objectives of HRP 4.to foresee the impact of technology on work, existing employees and future human resource requirements; 5.to improve the standards, skill, knowledge, ability, discipline etc. 6.to assess the surplus or shortage of human resources and take measures accordingly.

5. HRM Notes/Prime College/Naresh1–51–5 Objectives of HRP 7.to maintain cordial industrial relations by maintaining optimum level and structure of human resources. 8.to minimise imbalances caused due to non- availability of human resources of right kind, right number in right time and right place; 9.to make the best use of its human resources; and 10.to estimate the cost of human resources.