Need of Manpower

• —Manpower Planning is a two-phased process because manpower planning not only analyses the current human resources but also makes manpower forecasts and thereby draw employment programs. Manpower Planning is advantageous to firm in following manner:
• —Shortages and surpluses can be identified so that quick action can be taken wherever required.
• —All the recruitment and selection programs are based on manpower planning.
• It also helps to reduce the labor cost as excess staff can be identified and thereby overstaffing can be avoided.
• —It also helps to identify the available talents in a concern and accordingly training programs can be chalked out to develop those talents. 
• —It helps in growth and diversification of business. Through manpower planning, human resources can be readily available and they can be utilized in best manner. 
• —It helps the organization to realize the importance of manpower management which ultimately helps in the stability of a concern.