125 workforce planning Flashcards
what is workforce planning
the process if calculating the number of employees a business needs in the short term and the long term, including the number of workers and their skills and matching employees to the business requirements
why might a business’s need for employees might change
internal : -change in ownership, new products , expansion (new store opening)
external - PESTLE , competition , skills change
advantages of workforce planning
(+) workforce planning helps a business to control staffing costs by not recruiting more staff than are needed
can help a business to avoid staffing shortages by ensuring enough employees are recruited in time for when they are needed
can help a business produce enough products to meet customer demand by ensuring enough staff are recruited in time
help a business to produce quality products because it involves recruiting and selecting people with the right skills
drawbacks of workforce planning on a business
-workforce planning may not be carried out effectively, for example not done in time or by someone experienced
-workforce plans may be rigid and may not allow for possible changes in the external environment
+may not be detailed enough to make sufficiently informed decisions
