what are the four steps to human resource planning hrp 
there are four general broad steps involved in the hrp process each step needs to be taken in sequence in order to arrive at the end goal which is to develop a strategy that enables the company to successfully find and retain enough qualified employees to meet its needs the first step of hrp is to identify the company s current human resources supply in this step the hr department studies the strength of the organization based on the number of employees their skills qualifications positions benefits and performance levels the second step requires the company to outline the future of its workforce here the hr department can consider anything that factors into the future needs of the company including promotions retirements layoffs and transfers the hr department can also look at external conditions impacting labor demand such as new technology that might increase or decrease the need for workers the third step in the hrp process is forecasting the employment demand hr creates a gap analysis that lays out specific needs to narrow the supply of the company s labor versus future demand this analysis will often generate a series of questions such as the answers to questions from the gap analysis help hr determine how to proceed which is the final phase of the hrp process hr must now take practical steps to integrate its plan with the rest of the company the department needs a budget the ability to implement the plan and a collaborative effort with all departments to execute that plan common hr policies put in place after this fourth step may include policies regarding vacation holidays sick days overtime compensation and termination 