The Impact of Human Resource Planning on Organizational Performance in Paramount Textile Ltd. (Head Office)

Abstract

Human Resource Planning is one of the growing areas of academic research. Organization regard human resource as their core competency that can give them competitive advantage because it leads to better organizational performance. The objective of this study was to examine the impact of human resource planning on organizational performance at Paramount Textile Ltd. Head office, Dhaka. The data was collected top managers, middle level managers and support staff through the use of questionnaires. Collected dada was analyzed by using statistical formula mean and interpreted in view of the objectives of the study. The findings of the study indicated that there was no significant evidence that effective HRP was being undertaken at PTL. The study therefore concluded that the impact of HRP on organizational performance at PTL was to a very small extent. The research also reveals as the determinants of Human Resource Planning like selection, training, compensation and safety are having a significant and positive relationship with organizational performance measures which are job satisfaction, employee motivation and efficiency. The study recommends that the PTL should aim at optimal staffing levels satisfaction to further improve the system of PTL, modern technology should be utilized for strategically planning and developing HR. Moreover, a training and management development program should be implemented to enhance the capabilities of employees in PTL. Investing in the improvement of the knowledge and skills of employees would allow PTL to develop more productive and effective employees. Safety and security are a major concern to the employees in PTL, the management should pay more attention to play the all rules and regulations regarding this issue.