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Project 1 Minnesota Management and Budget (2005) define workforce planning as: ‘Workforce planning is the strategic alignment of an organisation’s human capital with its business direction. It is a methodical process of analysing the current workforce, determining future workforce needs, identifying the gap between the present and future, and implementing solutions so the organisation can accomplish its mission, goals, and objectives. As a process, workforce planning includes elements such as strategic planning, workload projections, legislative forecasts, turnover analyses, and budget projections. Workforce planning forecasts the numbers of people and types of skills needed to achieve success by comparing the available workforce with future needs to determine needs that may be unmet (gaps). Workforce planning is a management tool that affects the full life cycle and range of human resources activities including recruitment/ selection, classification and compensation, training and development, performance management, and retention.’ Identify and explain the important aspects of workforce planning. Make sure you explain how they contribute to the overall process of workforce planning and the success of an organisation. Where possible, make reference to real life examples of workforce planning (eg an organisation's diversity policy, strategies used by an organisation who is recognised as an employer of choice, examples of industries experiencing labour shortages etc). Your response should be approximately 3500 words and be closely connected to the content in this unit of study and the definition provided by Minnesota Management and Budget, but you can group similar topics together. You will need to demonstrate that you understand and know how to apply the knowledge you have acquired from this unit. You will also need to provide evidence that you have completed your own research in relation to this project. Remember to properly cite and reference any material from other authors. Upload your answer for assessment.

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More Management: Questions & Answers

Q

Business Management

Read the Case Study: Global forces and the Advertising Industry, in the text Exploring Corporate Strategy, pp 64 – 66. Complete the questions, as outlined below.  1. Carry out a Five Forces Analysis of the advertising industry in 2012, as outlined in the case.  2. State which of thes ...

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Information and Technology

Assignments one and four of this course are closely related. The fourth assignment involves writing a research report (more specifically, a literature review) on a topic related to web data management. To help you start, this first assignment is meant to develop a proposal before you write the resea ...

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ENG 4C1-01 English

Lord of the Flies – The Campaign Speech A successful political campaign is essentially an effective marketing strategy – it emphasizes the candidate’s strengths and minimizes his/her weaknesses. You will choose one character from Lord of the Flies. Your candidate is running for the ...

View Answer
Q

Interpret market trends and developments

Topic 1 - Information for marketing decisions Organisations, if they are to succeed, must make informed decisions. In marketing, decision makers must keep abreast of developments in many areas including economic, technological, political, social and environmental developments and trends. It is clear ...

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