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 business development, 'workforce planning' is critical for aligning human resources with future business expansion. A business development manager might note, 'Our workforce planning efforts are focused on ensuring we have the talent in place to support our new market entry.'

Practice Scenarios

Business

Scenario:

Moving forward, we need to consider the expansion plans. How do we strategically staff for our new project's demands?

Response:

It's critical to engage in robust workforce planning to ensure we have the right talent on board for future projects.

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.