It is forecasting future workforce needs based on an organization's business goals and objectives. It involves analyzing current workforce data, identifying future talent needs, and developing strategies to ensure the organization has the right people in the right roles at the right time. Workforce planning can include various activities, such as analyzing workforce demographics, assessing skills and competencies, identifying talent gaps, and developing recruitment and retention strategies. It can also help organizations anticipate and respond to changes in the business environment, such as shifts in market demand or technological changes.
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Why Workforce Planning matters for every Business
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