The investors and the customer are the major groups whose agreement and approval needs to be considered while setting objectives and targets as well as formulating the workforce plan for the organization. These groups have certain significant impact on the business that is undertaken by an organization. Investors are those who provide money to the organization and the customers are those who purchase the services and products from these organizations. The investor has invested in the organization for gaining profit that is associated with the transaction of the business (Mondy, 2008; Cotton, 2007). The profit and growth of an organization has resulted towards reaping good objective and effectiveness of work force. The agreement and support of investors has provided the organization more confidence and better execution of plan. Customers are significant groups that are likely to create an impact on the organizations based on the positive and negative approaches. The organization has emphasized on considering the customer to be important group that helps in developing the strategies. It provides the company effective formulation of objective and better management that are associated with the work force. These two groups have significant impact on the organization (Mondy, 2008; Cotton, 2007).
The workforce planning is very significant for every organization helps the organization to achieve better outcome by providing capable workforce. The implementation plan of workforce management comprises of different steps, which helps the organization to manage the workforce effectively and enhance the performance of the worker as well as the organization. In the first step, the head of the team needs to develop profiles for the worker who is presently working in the organization. Additionally, based on employee profiles the head should evaluate the work capabilities of the workers. This will help to identifying the need of recruitment, redundant and training of the workers. The next step will be the identification of workforce issues helps the team to develop the effective future needs and the evaluation of current workforce. Proper identification of issues related to the workforce helps the team members to formulate and implement an effective solution plan. The identification of issues helps to improve the performance of the employees. Hence, the accessed processes will help in developing a good foundation for implementation plan. A good foundation helps the managers to understand the important aspect of the implementation plan. There is some principle which boost the implementation process such as the workforce planning that requires long-term commitment, well-defined roles and responsibility for the workers. In the last step, the team members will be observing and evaluating the effectiveness associated with the implementation program (Mondy, 2008; Cotton, 2007).