1. Definition: Workforce planning is a core HR process ensuring the right people with the right skills are in the right place at the right time to achieve organizational objectives.
2. Evolution: It has evolved from a focus on quantitative aspects to a broader scope, covering succession planning, flexible working, and talent management.
3. Link to Business Planning : Workforce planning is integral to business planning, interpreting organizational plans into people requirements and influencing business strategy.
4. Challenges: Difficulties include coping with change, predicting the future accurately, and the need for a stable business environment for effective planning.
5. Reasons for Workforce Planning : It serves substantive, process, and organizational purposes, optimizing resources, confronting the future, and aligning HR plans with business plans.
6. Approach: A systematic approach involves data collection, analysis, scenario planning, and forecasting. Managerial judgment and work study techniques are commonly used.
7. Supply Forecasting: Examines the internal and external supply of personnel, considering existing employees, potential losses, and changes to organizational structure.
8. Ratio-Trend Analysis: Analyzing ratios between activity levels and employees helps determine adjusted numbers needed, considering potential productivity improvements.
In summary, workforce planning has evolved into a strategic process aligned with business objectives, addressing challenges through a systematic approach that includes forecasting, scenario planning, and considering both internal and external supply factors.
Workforce planning chart flow
References
Armstrong, M. and Taylor, S. (2014a). Armstrong’s Handbook of Human-resource Management Practice (11th ed.). Human Resource Management International Digest, [online] 18(4). Available at: https://www.academia.edu/32280546/ARMSTRONGS_HANDBOOK_OF_HUMAN_RESOURCE_MANAGEMENT_PRACTICE_i.
https://images.app.goo.gl/eUL7VxzfcJpj3MRLA
Overall, workforce planning enables organizations to proactively manage their human capital, optimize resources, and align their workforce with strategic objectives, resulting in increased productivity, reduced costs, and improved organizational performance.
ReplyDeleteAbsolutely, workforce planning is a crucial strategic tool for organizations. By aligning human capital with objectives, it enhances productivity, cuts costs, and improves overall performance. It’s a proactive approach to optimizing resources for sustained success.
ReplyDeleteThank you Prsanna for adding valuable ideas to the conversation.