UBS

Workforce Planning

What is Workforce Planning?

Workforce planning refers to the process an organization follows to ensure that it has current and future access to the human capital it needs to perform effectively. Workforce planning involves identifying current and future employee needs and finding the most appropriate and cost-effective ideas to recruit and retain these employees.

Workforce planning also has an element of continual analysis of workforce effectiveness and applying the necessary measures like learning and development initiatives to ensure that the workforce remains efficient. Strategic workforce planning is aligned with the organization’s overall business goals and long-term vision.

Benefits of Workforce Planning

  • Preparing for the future
  • Discovering workforce gaps
  • Effective succession planning
  • Improved Retention Strategies
  • Flexibility

Also, See: Workforce Management

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