Workforce analysis (also known as workforce planning) is a method of informing decisions about recruiting, retention, and staff management by combining employee and return on investment data.
The goal of a workforce review is to keep adequate staffing levels in place such that vital competencies are met, succession is well-managed, costs are reduced, agility is accomplished, and resiliency is maintained. These goals will be met if the supply and demand for workers and experts are correctly identified and forecasted promptly.
Benefits of Workforce Analysis
- Recruiting expenses should be kept to a minimum
- Have a higher employee retention rate
- Improved workforce management