An aging workforce and an emerging “baby boom” retirement wave are driving more companies toward “strategic workforce planning,”
The Conference Board reports in a new study, Strategic Workforce Planning: Forecasting Human Capital Needs to Execute Business Strategy. Strategic workforce planning involves analyzing and forecasting the talent that companies need to execute their business strategy.
This management process is increasingly used to control labor costs, assess talent needs, make informed business decisions, and to assess human-capital needs and risks as part of overall enterprise risk management. Strategic workforce planning is aimed at helping companies make sure they have the right people in the right place at the right time and at the right price.
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