Human Resource Planning and Retention

                                                                                               Source : www.outsourcinginsight.com (2018) What is Human resource Planning? Human resources undoubtedly play the most important part in the functioning of an organization. the term "Resources" or "Human resources" signifies potential, abilities, capacities and skills which can be developed  through continuous interaction in an organizational setting. The interactions, interrelationships and activities performed all contribute in some way or other to the development of human potential, Organizational productivity, growth of companies and economic development are to a large extent contingent upon the effective utilization of human capacities. (P Dalvi 2017 ) Basic of Human Resource Planning    Work Force Forecasting Workforce forecasting, also known as workforce planning or labor forecasting, is the process used to predict whether or not an organization has adequate staffin

  What is Employee Retention?                                                                                                               Source : market-bridge.com (2021) Employee retention is the organizational goal of keeping talented employees and reducing turnover by fostering a positive work atmosphere to promote engagement, showing appreciation to employees, and providing competitive pay and benefits and healthy work life balance. Employers are particularly interested in retaining employees during periods of low unemployment and heightened competition for talent. ( Prachi Juneja 2015) To retain employees, organizations use human resources technology for recruiting, onboarding, engaging and recognizing workers and offer more work flexibility and modern benefits like physical and financial wellness programs.  Employee retention has become a major concern for corporates in the current scenario. Individual once being trained have a tendency to move to other organizations for bette