The business case for workforce planning is supported by demographic research and data that indicates a future shortage of talent. With this in mind, a well-thought-out approach to workforce planning is critical to ensure that the desired outcome of creating a readily available talent pool to achieve the strategic objectives of an organization is accomplished.
The external environment can be difficult to predict.
While the workforce planning framework looks simple and straightforward, there are many variables and unknowns that can be encountered in carrying out the process. Environmental factors that can impact business direction, workforce needs, and availability of talent include economic conditions, legislation, workforce demographics, and immigration regulations. Internally, the successful creation and execution of the plan requires the involvement, buy-in, and accountability of numerous individuals in the organization. While not a perfect science, and more of an art, workforce planning is a key strategy to identify, develop, and acquire talent to create a readily available talent pool to achieve the strategic objectives of an organization.
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