ELI5: Explain Like I'm 5

Strategic human resource planning

Okay kiddo, have you heard of the game plan? It's when you have a plan that will help you win a game, like soccer or basketball. Just like that, a company needs a game plan too to make sure that they have the right people in the right place, doing the right job so that the company can win. That game plan is called strategic human resource planning.

Basically, companies need people to work for them, right? And different people have different skills, like some people are good at math, others are creative, some are organized and so on. So, companies need to understand what kind of skills and knowledge they need to have to be successful. This is where strategic human resource planning comes in.

Strategic human resource planning is like making a list of all the things the company needs to do to make sure they have the right people with the right skills in the right places. They need to consider things like how many people they need, what kind of jobs they need to fill, what kind of training the employees need to have, what benefits they need to offer to the employees, and so on.

To make this plan, the company looks at their current situation, like how many employees they have, what kind of skills they have, what jobs they have, and so on. They also think about what might change in the future, like if they are going to expand and need more employees or if some jobs will become outdated.

Once the company has all of this information, they can make a plan for the future. They can figure out what kind of people they need to hire, what kind of training they need to provide, and what kind of benefits they need to offer to help their employees stay happy and motivated.

In short, strategic human resource planning is like a game plan for a company. It helps them figure out how to get the right people with the right skills to work for them so that they can be successful.