This article will go over what a workforce plan is, components of a workforce (human resource) plan and internal influences and external influences of a workforce plan as well. Feel free to skip to the parts most relevant to you.
- Consider the overall corporate objectives of the business - The workforce plan must contribute to the achievement of the business’s overall or corporate objectives.
- Take a strategic view of employees – Consider how human resources can be managed to assist in achieving the business’s corporate objectives. This may entail considering factors such as the use of technology and how this might complement or replace some human input into the production.
- Those responsible for workforce planning will have to make a judgement about the size and type of workforce the organisation will require over future years.
- Once comparison is complete the firm can decide upon policies – This can be recruitment, training, redeployment and redundancy all necessary to convert the existing workforce into the desired one.
- Increased market share
- Competing in new markets (possibly overseas)
- Earning the highest possible profits.