Workforce planning is a critical factor that determines a business’s sustainability and growth. It involves evaluating the current workforce’s capacity, identifying future resource requirements, finding skill gaps, and proactively implementing measures to bridge them.
Effective workforce planning enables companies to stay forewarned and competitive in a volatile market. Unfortunately, despite the numerous benefits, most organizations fail to implement a robust workforce planning strategy. The absence of workforce planning can lead to widening skill gaps, reduced profit margins, and lost business opportunities.
