what are the basic steps in hrp 
hrp begins with an analysis of the available labor pool from which a company can draw it then evaluates the firm s present and future demand for various types of labor and attempts to match that demand with the supply of job applicants the bottom linequality employees are a company s most valuable asset hrp involves the development of strategies to ensure that a business has an adequate supply of employees to meet its needs and can avoid either a surplus or a lack of workers there are four general steps in developing such a strategy first analyzing the company s current labor supply second determining the company s future labor needs third balancing the company s labor needs with its supply of employees and fourth developing and implementing the hr plan throughout the organization a solid hrp strategy can help a company be both productive and profitable 