valuable asset - its human resources. Human resource planning is also a continuous process. HRP helps in determining the future manpower HRP helps in tackling with the factors like competition, technology, government policies etc. that generates changes in the job content, skill requirements and number and types of personnel required. Now a days there is a demand of exceptional intellectual skills A proper and realistic human resource plan is needed to ensure equal employment and promotional appointments HRP provides valuable and timely information It helps the organization to anticipate imbalance in human resources HRP facilitates planning for future needs The type of organization determines the production process and number and type of staff needed. The human resource needs of an organization depend on the strategic plan adopted by it Organization operates under different political, social environment and has to carefully formulate the HR policies HRP also depends on the time periods and accordingly the short and long-term plans are adopted The type and quality of information used in making forecasting is an important factor influencing HRP. HRP is required to ensure that suitable candidates should be appointed at the right kind of job. It is very difficult to ascertain future manpower requirements of an organization, as future is always uncertain. It is a time consuming and costlier process. It is more relevant to the countries that face the problem of scarcity of human resources. It is beneficial in the organizations that adopt a professional approach and at the same time are conscious about the changing environment. HRP is beneficial where adequate skilled manpower is available. HRP is also made difficult in the organizations that have a very high labor turnover. BOOK: Venson, L & Nagtalo, J. (2006) Nursing Managaement Towards quality care 3rd edition, C &E Publishing Inc. INTERNET: Budget (Retrieved May 19, 2012) http://en.wikipedia.org/wiki/Budget Human Resource Planning – HRP (Retrieved May 21, 2012) http://www.investopedia.com/terms/h/human-resource-planning.asp#ixzz1vx71iakz Mission, Vision, Values, Objectives and Philosophy of an Organization (Retrieved may 21, 2012) http://currentnursing.com/nursing_management/mission_vision_values_of_organizat ions.html Nursing Leadership and Management Cherie, A. & GebrekidaA. (2005) Retrieved May 21, 2012 http://www.cartercenter.org/resources/pdfs/health/ephti/library/lecture_notes/nurs ing_students/LN_nsg_ldrshp_final.pdf Nursing Standards (retrieved may 23, 2012) http://currentnursing.com/nursing_management/nursing_standards.html Quality Assurance in Nursing: Standards (Retrieved May 23, 2012) http://currentnursing.com/nursing_management/quality_standards_nursing.html What is human resource planning (Retrieved May 23, 2012) http://wiki.answers.com/Q/What_is_human_resource_planning