Strategic workforce planning is a continual process of identifying gaps in the workforce and developing a methodical people plan to ensure an organization has the employees, skills, and knowledge needed to meet current and future business goals.

The key benefits of strategic workforce planning include:

  • Addressing current workforce gaps and skills shortages by identifying the competencies needed to meet future business objectives.
  • Improving key business metrics and performance by ensuring the right people are in the right roles.
  • Preparing the organization for unexpected changes and challenges by building a flexible, agile workforce.

Strategic workforce planning involves assessing the current workforce, understanding the organization’s long-term strategy and goals, and creating a plan to acquire, develop, and retain the necessary talent. It is an ongoing, cyclical process that aligns the workforce with the business’s evolving needs.

The core elements of strategic workforce planning are ensuring the right people, skills, shape, size, time, place, and cost of the workforce. This holistic approach helps organizations build a competitive advantage by having the optimal workforce to execute their strategy.

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