Analyse the impact of effective workforce planning

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Analyse the impact of effective workforce planning.Guidance/Tip: briefly describe the main principles of effective workforce planning and and give some examples of tools. Impact of forecasting demand for labour; forecasting internal and external supply of labour; identifying and analysing gaps between supply and demand of labour; strategies to address the gaps between supply and demand.

Evaluate the techniques used to support the process of workforce planning.

Guidance/Tip: Techniques to forecast demand: managerial judgement, working back from costs, systemic approaches; data used to forecast supply: promotion/demotion rates, transfer rate, employee turnover rate, factors affecting external supply, critical incident analysis.

Reference no: EM132960541

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