Identifying Future HR Needs: Organizations should predict their future needs with regards to workforce requirements in relation to the strategic objectives and business plans. This will involve deriving the relevant skills and competencies that are needed, taking into consideration any eventual changes in the workforce Supply and demand analysis of labor: Human resource planning requires an analysis of the current workforce, coupled with projections of future labor market conditions. This helps identify gaps in employees and competencies, thus providing useful insights for the organization to pursue appropriate strategies well in advance. Facilitating Optimal Job Placement: Through the alignment of human resources with the specific needs of the organization, human resource planning guarantees that employees are assigned to positions in which they can function most efficiently. This process encompasses the alignment of employee skills and competencies with the stipulated job requirements. Decrease word count