WORKFORCE ANALYSIS
Workforce Analysis
Gathering, analyzing, and interpreting workforce data to guide strategic decisions in areas such as recruitment, retention, talent development, and overall human resource management comes under Workforce Analysis. A workforce analysis seeks to maintain proper staffing numbers so that critical competencies are satisfied, succession is well-managed, costs are decreased, agility is achieved, and resiliency is maintained. These objectives will be reached if the supply and demand for workers and experts are accurately identified and anticipated in a timely manner.
Benefits of Workforce Analysis
- Workforce analysis helps organizations identify their current and future staffing needs accurately.
- By proactively identifying and addressing potential gaps in skills or talent, organizations can implement strategies to retain key employees.
- Workforce analysis helps organizations maintain adequate staffing levels without unnecessary overstaffing.