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What is workforce planning? Why is it so critical? And how can workforce planning software help? These are the issues we address in this article. If you have been in the Information Technology industry, you would have become clearly aware of the changing profile of the kind of employees you need to run your business. The kinds of skills and talents that were adequate even a few years ago would usually have become obsolete by now. To continue to run your business successfully, you need to visualize the talents you would need tomorrow. This is done by looking at emerging and expected developments in your industry, and identifying the specific talents you would need to cope with these developments. Then there are the normal requirements for new employees as existing employees retire or leave for other jobs. There are also the requirements of normal growth, assuming no change in existing talents portfolio. You assess these requirements by looking at the age-profile of your workforce, and the historical trends regarding employee turnover and normal growth in workforce strength. In essence, workforce planning involves analyzing the relevant factors and forecasting future workforce requirements both in terms of talent mix as well as quantitative numbers. In practice, the variety and complexity of the factors that can affect the requirements make workforce-planning exercise a complex exercise that is best done with the help of workforce planning software. The Workforce Planning Process Before we can appreciate how workforce planning software helps with the process, we need to get a closer look at the details of workforce planning. We do this below. HOW ARE THINGS NOW? We start the process by looking at the current situation. In essence, we answer questions like:
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