It refers to the work process of the company to manage the workforce and the actions that they can take to prepare the future working team. This helps the HRM ensure that the organisation has optimum employees to manage the work. With the help of planning workforce, the company can analyse the future employees’ needs and give an appropriate and cost-effective recruiting method.
The other word for Workforce planning is strategic workforce planning as it ensures that the company hires the right person for the right work duty at the right time. It is very essential to manage workforce planning strategically due to the rapid change in demographics, flexibility and talent management processes.
