Understanding your organization’s strengths, weaknesses, and future needs concerning its workforce is essential for making staffing decisions. Conducting a workforce analysis will help you do all that.
Workforce analysis is the process of collecting, analyzing, and interpreting data to assess the current status of the workforce and convert it into actionable information which organizations can use to plan to meet their future needs. The current supply of workers is compared to the anticipated future needs. Organizations can then address any identified gaps with an appropriate solution.
The goal of a workforce analysis is to maintain the right staffing levels for the achievement of key competencies, effective succession management, cost optimization, agility, and resilience. When the supply and demand of workers and talents are properly identified, predicted, and timed, these goals can be attained.
During the workforce analysis, employers must be looking for ways to:
Also, See: Workforce Planning
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