Business – 2.1 HRM – Workforce planning | e-Consult
2.1 HRM – Workforce planning (1 questions)
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| Component | Role in Supporting Strategy |
| Demand forecasting | Predicts future labour needs based on sales projections, market expansion or new product launches, ensuring capacity matches strategic growth. |
| Supply analysis | Assesses current workforce skills, demographics and turnover rates to identify gaps or surpluses relative to forecasted demand. |
| Action planning | Outlines recruitment, training, redeployment or redundancy measures required to close identified gaps, directly linking HR actions to strategic objectives. |
| Monitoring & evaluation | Tracks implementation against targets, allowing adjustments to keep the workforce aligned with evolving business priorities. |