workforce-planning

Vocabulary Word

Definition

'Workforce planning' is like making a plan for who does which tasks in a company or organization. It involves predicting what kind of workers and skills will be needed in the future and getting ready for that.

Examples in Different Contexts

In HR strategy, 'workforce planning' involves analyzing and forecasting the needs of the workforce to achieve business goals. An HR executive might say, 'Effective workforce planning helps us anticipate skill shortages and develop training programs accordingly.'

Practice Scenarios

Scenario:

Our strategy involves significant growth over the coming years. How do we build a capable team to react effectively to this growth?

Response:

We need to factor in recruitment and internal development in our workforce planning to build a competent team.

Tech

Scenario:

With the coming trends in machine learning and big data, we need to equip our team with the necessary expertise.

Response:

Continuing education programs could be part of our workforce planning, to develop necessary skills in AI and machine learning.