What is Workforce Planning?

Workforce Planning

Do you use a digital or paper-based medium to plan your day, week, month, or year? Perhaps you enter important appointments in a calendar, planner, journal, or app. In our personal lives, scheduling and planning can make life a little bit easier by reminding us of upcoming commitments. But in the business world, looking ahead and preparing for the future can significantly impact the bottom line.

Workforce planning is when companies and organizations determine what they’ll need to ensure success down the line—specifically, the personnel needed to achieve those goals. This planning process can also include conducting a strategic analysis of the current workforce to best align employees with forthcoming organizational plans.

Similar to how many of us have switched to digital resources for personal planning, today, more and more companies rely on technology to assist with workforce planning. While in our personal lives, technology may just seem like the more convenient option, software equipped with powerful planning capabilities is often considered a necessity for professionals.