Answer to Question #222544 in Management for Vabby

Question

The pandemic saw people losing jobs, some getting opportunities. Some companies like Asian paints declared salary rise whereas Uber saw a mass layoff over a Zoom call. In the light of the above statements, explain the importance of manpower planning

Answer 1

Manpower planning aids in corporate expansion and diversification. Human resources may be made easily available and used to their full potential with the help of manpower planning. It aids in the organization's recognition of the necessity of workforce management, which in turn aids in the stability of a business.