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Question
What is manpower planning? Why is it necessary for every business unit?
Solution
Manpower Planning is a process by which an entrepreneur ensures that he/ she has the right number of people, and right kind of people, at the right place and the right time to do work for which they are economically most suitable. Manpower planning is necessary for every business unit because it helps to assesses:
(i) What kind of people are required?
(ii) How many people are required?
(iii) How will they be selected?
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RELATED QUESTIONS
What is meant by a target market?
While doing the manpower planning an entrepreneur, decides to keep less qualified manpower and give them low wages and salaries to enable higher profits. Do you think his/her approach is correct and justified, why?
What does the manpower plan help to assess?
