Workforce Planning and Forecasting

Learning Objective 1

  1. Explain the main techniques used in employment planning and forecasting.

Workforce planning is the process of deciding what positions the firm will have to fill and how to fill them. Its aim is to identify and to eliminate the gaps between the employer’s forecasted workforce needs and the current employees who might be suitable for filling those needs. Workforce planning is also known as employment or personnel planning. Workforce planning embraces all future positions, from maintenance clerk to CEO. However, most firms call the process of deciding how to fill executive jobs succession planning. 1

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