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Nature or characteristics and feature of human resource planning:
1 manpower planning includes an inventory of current man power in order to determine its status and to identify untapped talent available in the organization.
2 man power planning involves forecasts or projects of the future man power needs so that an adequate and timely provision may be made to meet those needs. In is future oriented.
3 man power planning is an integral part of corporate planning.
4 man power planning is a continuous or never ending process because the demand and supply of manpower are subject to frequent change. It is dynamic activity.
5 the basic purpose of man power planning is to determine the right number and the right type of people required for effectively accomplishing the tasks and goals of the organization.
Compensation Compensation is what workers attain in exchange for their contribution to the organisation. Pay refers to the base wages & salaries workers normally receive. Comp
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