Among the many strategies an organization has to undertake for nurturing its workforce, strategic workforce planning is an important one. As the term suggests, strategic workforce planning is aligning the organization's workforce to its strategies keeping in mind its business, regulatory, organizational and financial needs.
An organization's strategic workforce planning abilities are at the root of strategic workforce planning. The organization's management and leadership, along with HR has to work out strategies for the kind of resources the organization needs from time to time, as the business requirements arise and change from time to time. This strategic workforce planning has to be done with a lot of insight and foresight, because it concerns the long-term objectives of the organization.
It is important for those in strategic workforce planning to keep sight of the vision the leadership has for the organization. It has to have a thorough grasp of what the organization wants to do in the short and long terms. It has to also take into consideration the strengths and weaknesses of the employees who are involved in carrying out the organization's business objectives. Strategic workforce planning has to also keep regulatory and other legal requirements in mind when planning for the future.
One of the common approaches for implementing strategic workforce planning is to take these factors into consideration: