A voluntary Retirement Scheme is defined as a method that is used to reduce the present workforce of the company. In this method, the employee is persuaded to voluntarily retire from the organisation.
360 degree performance appraisal is an orderly aggregation and feedback of performance data about an employee or a group of employees obtained from many stakeholders in their performance.
Job specification is also known as job requirement it is a by-product of job analysis. It covers all the human qualities to be considered such as physical, personal, and psychological responsibilities to be acquired, academic qualifications
Job analysis is the process of studying and collecting information relating to the operations and responsibilities of a specific job. It refers to a complete and organised study of jobs to understand the characteristics of people to be hired for vacant positions in an organisation.
Job evaluation is a technique by which one function in a trade or industry is compared and graded or graded by other functions so that it is known that each job requires a worker of some ability
Although HRP is a valuable method for organizations, it has some limitations also. Some limitations of human resource planning are as follows:
