Workforce planning is the process of forecasting your staffing needs and working out the range of ways you can create and maintain the workforce in line with your business goals.
For many businesses including small and medium sized enterprises (SMEs), undertaking workforce planning can result in an increase to business benefits and outcomes. Workforce planning and development will help you to achieve your business goals over the longer term.
Most businesses find they need to undertake workforce planning and development for one or more of the following reasons:
- Growth in: sales demand (local, interstate or international), new markets, new products/services.
- Decline in: sales demand from existing clients, number of new clients, supply chain.
- Changes in: market preferences, competitors, the economy (local, interstate and international), SME strategic plan, technology and equipment, productivity, job requirements, finance costs.
There are 5 key areas you will need to consider when undertaking your workforce planning.
1 – Context and Environment
2 – Current Workforce Profile
3 – Future Workforce Profile
4 – Gap Analysis and Closing Strategies
5 – Review and Evaluation
Developing a workforce plan does not have to be a time consuming and complex task you have to undertake on your own… contact Akyra for an obligation free conversation!