Factors influencing human resource planning in Equity Bank Limited
Companies have been forced by dynamic and intense competitive pressures to re-evaluate almost every aspect of their approach to conducting business. Performance of any organization largely depends on the performance of its employees. Successful organizations are it\creasingly realizing that there are a number of factors that contribute to performance but human resource is clearly the most critical. Acquisition of human resource is one of the major tasks in any organization. Today acquiring a right person is a challenging task but retaining the person in the organization is more challenging one because for a skilled person the industry is open and any organization prefers to possess the right mix of people in the organization to perform the organizational tasks and improve the productivity and profitability. The objective of the study was to determine the factors influencing human resource planning at Equity Bank Limited. The study adopted a case study research design where the respondents were the managers in the bank. Data collection was undertaken using an interview guide. Content analysis was used to analyze the qualitative primary data which had been collected by conducting interviews and secondary information from the bank. The study found out that organizational structure, employee motivation, culture, and training and development influences human resource planning in the bank. The bank an organizational structure that ensures that is no role duplication thus saving on labour costs; however it is hampered by high employee turnover. The bank employees' were not motivated as the bank does not encourage job design-task autonomy task significance and task identity, open book management and empowerment of employees, does not remunerate employees well as compared to other banks and that it does not hire its managers on the basis of know-how through the laid down procedures. Training and development influences the banks human resource planning by arming employees with the necessary abilities to. perform well at their current and future tasks, training also offers opportunities for employees to share many experiences and develop an understanding and helping attitude towards each other.