What is Workforce Planning?
Workforce planning is the strategic process of analyzing current workforce composition, forecasting future talent needs, and developing strategies to ensure the right people with the right skills are available when needed. This involves assessing workforce capabilities, identifying gaps, planning for retirements and attrition, anticipating business changes, and creating acquisition and development strategies.
Workforce planning considers factors including business strategy, market conditions, technology impacts, and demographic trends. Organizations use workforce planning to avoid talent shortages, optimize workforce costs, support succession planning, and align human capital with strategic objectives.
Effective workforce planning is proactive rather than reactive, ensuring organizations build sustainable competitive advantages through strategic talent management and anticipatory capability development.
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