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| Topic: |
Miscellaneous
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| Number of pages / Number of words: |
11 / 2905 |
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With the rapid industrialization, companies going into the merger frenzy, local market becoming global and companies competing with each other at virtually every front, the top management cannot function in an environment of uncertainty in the organization regarding succession, they have to provide an answer to the question "who's next"?
Manpower planning is not confined to hiring and retaining talent as general notion persists, but it is also anticipating future manpower needs of an organization...
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In a dynamic business scenario, manpower planning is critical to organizational growth and stability. It involves developing skills and competencies of existing employees to meet ever changing labor market demands. Having a back up line of trained workforce in case of sudden requirement is also critical to the process...
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