It is a method of managing the decision about retention, recruitment, attendance and other staff management activities with the help of combining several employees and the return on investment.
The core motive of workforce review is to keep a constant eye on the work progress of the employee. Other than this, these analyses also minimise the cost incurred in constant recruiting and assure that the speed to reach success is well managed. With the help of correctly identifying the supply and demand for the workforce, the HRM can successfully achieve these goals.
Benefits
This analysis keeps the cost occurrence in recruitment minimum for the company. Other than that it assures a higher retention rate and accelerates workforce management.
