Strategic Workforce Planning

What is strategic workforce planning? Strategic workforce planning (SWP) is a continual process of identifying gaps in the workforce and developing a methodical people plan to ensure an organization has the employees, skills, and knowledge needed to meet current and future business goals. It’s based on the organization’s long-term strategy and also accommodates for unexpected events and changes. SWP aims to optimize costs by preventing overstaffing and ensuring that the organization can always deliver on business objectives by limiting the risk of understaffing. It is conducted by HR but led by and HR leaders. ( Vulpen, 2024) How to build a strategic workforce planning framework 1. Determine your long-term business goals. 2. Assess your current workforce. 3. Anticipate roadblocks or future needs. 4. Conduct market analysis. 5. Fill in the gaps. 6. ...