THE ADVANTAGE OF INTEGRATING HUMAN RESOURCE PLANNING WITH CORPORATE PLANNING

Human resource planning has traditionally been used by organizations to ensure that they have the right number and the right kinds of people, performing tasks at the right places and at the right time all in a bid to fulfil corporate objectives. The efficiency and effectiveness of organizations depend, to a great extent, on effective human resource planning. Effective human resource planning is a process of analyzing an organization's human resources needs under changing conditions and developing the activities necessary to satisfy these needs. Corporate plan focuses on how the organization can be better positioned and equipped to compete effectively in the market, while human resource planning, contributes to the business by providing the means (people) to accomplish specified goals. To achieve these goals, the human resource planning is seen as one of the most crucial factors, without which the goals are as good as dead. This study provides conceptual clarifications and examines the imperative of integrating human resource planning with corporate/business plan. The study concludes that an organization can derive competitive advantage from the development of corporate plan that blends with the human resource plan and that human resource planning is intrinsically linked to business/corporate plan. Lastly, the study recommended that human resource planning should be a priority in every organization, since it has impact on organizational performance and employee's productivity.