Contents

• Introduction
• Advantages of human resource plan
• Limitations and challenges of human resources planning
• Demographic change in the Australian workforce
• Conclusion
• Referencing

Description

Human resource has become an important part of any organization and it is being strategically used to implement the goals and mission of a company. It has been observed that the companies which do not have a proper human resource plan cannot make a definite business plan on the future prospects of the company. A proper strategic human resource planning not only helps in achieving the goals and objectives of the organization, but also sees that the needs of the employees of the firm and stakeholders are properly met. Due to change in the international business atmosphere, there was a need for change in human resource planning in various organizations. They have understood the basic fact that the human resource plan must have a long term and also short term focus.