13 Nov 2022

81

Workforce Planning Process: Steps to Success

Format: APA

Academic level: College

Paper type: Coursework

Words: 302

Pages: 1

Downloads: 0

Workforce Planning Process In the contemporary word, it is arguable that workforce is the most significant concrete asset for many companies. Despite its crucial role in an organization’s success, many companies have sidelined this asset due to lack of planning and optimization. It is evident that many businesses are not conversant with the existing or imminent workforce gaps (Louch, 2014) . Such gaps are a risk to im plement different business strategies. Hence, workforce planning can be defined as the methodological style in discovering and dealing with the gaps between the current workforce and the future human capital. 

Workforce planning can be explained using five steps. The first phase involves devising the strategic direction that associates the planning with other business strategies. The work activities required to meet the short-term and long- term goals are evaluated. Secondly, there is the identification of the gaps within the workforce. Her, the human resource faces the task of determining the existing workforce resources and their progress over time. Additionally, they establish the specifications for the quantity and quality of workforce required. 

It’s time to jumpstart your paper!

Delegate your assignment to our experts and they will do the rest.

Get custom essay

The third step is creating an action plan to fill the gaps identified. Strategies are developed as well as the measures for evaluating the process. These strategies include factors such as recruitments, re-skilling the staff, restructuring, and technological improvements amongst others. The fourth phase is the implementation of the action plan. The final step involves the assessment and the revision of the workforce plan. Progress is monitored across various milestones as well as ensuring there is continuous improvement. Besides, adjustments can be made to tackle the emerging issues in within the entire plan (Louch, 2014) . 

In case the planning processes are not adequately followed, an organization will register negative growth. For instance, employers will face the risk of not meeting the company’s objectives, and goals since the number of gaps to be tackled will increase. On the other hand, employees will face the risk of underperformance because of the disorganization in the work specifications. 

References

Louch, P. (2014, 10 March). Workforce Planning Is Essential to High-Performing Organizations . Retrieved June 16, 2016, from Society for Human Resource Management: https://www.shrm.org/hrdisciplines/technology/articles/pages/louch- workforce-planning.aspx 

Illustration
Cite this page

Select style:

Reference

StudyBounty. (2023, September 16). Workforce Planning Process: Steps to Success.
https://studybounty.com/workforce-planning-process-steps-to-success-coursework

illustration

Related essays

We post free essay examples for college on a regular basis. Stay in the know!

17 Sep 2023
HRM

Leadership Profile Part III: How to Be an Effective Leader

Psychologists have made significant contributions in the business sphere by outlining primary traits of accredited leaders. Organizations have administered psychological tests to identify features that are most...

Words: 1121

Pages: 4

Views: 433

17 Sep 2023
HRM

Key Concepts Exercise: Implication for Managers

In a unitary perspective on the staff-management relationship in an organization, the staff, as well as management, is interlinked in the combined effort of achieving a unified purpose which is often the success of...

Words: 519

Pages: 2

Views: 86

17 Sep 2023
HRM

Alignment of the Talent Needs with M.J’s Business Strategy

Information technology (IT) is offering a wide range of opportunities and great potential in the banking industry. According to Madhushree, Radhakrishnan, and Aithal (2018), IT enables the banking sectors to...

Words: 1434

Pages: 5

Views: 372

17 Sep 2023
HRM

Values in the Human Services Profession

The human service profession was developed in the year 1960 with the intentions of responding to the needs of people together to the various problems affecting them. Moreover, the business is characterized by...

Words: 896

Pages: 3

Views: 93

17 Sep 2023
HRM

The Pay-For-Performance (P4P) Principle In Healthcare

The pay-for-performance (P4P) is a central idea in the healthcare dialogue as it proposes that patient should base their payments based on the quality of services they receive. There are four measurements that one...

Words: 368

Pages: 1

Views: 176

17 Sep 2023
HRM

Human Capital Plan: How to Create a Human Capital Plan

People are the most crucial asset in organizations. Often, organization leaders are aware of this, but only a few compliment it with actions. To ensure that focused action can enhance the achievement of organization...

Words: 2499

Pages: 9

Views: 440

illustration

Running out of time?

Entrust your assignment to proficient writers and receive TOP-quality paper before the deadline is over.

Illustration