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HRM14

Workforce Planning and Budgeting

Introduction

In today’s dynamic business environment, organizations must strategically manage their workforce to remain competitive and agile. This course is designed to empower HR professionals, managers, and organizational leaders with the knowledge and skills needed to effectively plan, budget, and optimize their organization’s workforce. Over these five days, you will explore essential concepts, best practices, and actionable insights to align your workforce with organizational goals, enhance productivity, and maximize operational efficiency.

Who Should Attend

This course is suitable for a diverse audience, includingHuman Resources Professionals: HR managers, specialists It will also benefit those involved in the development and execution of organizational strategies and who are seeking to align workforce planning with strategic objectives.

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Course Profile

Foundations of Workforce Planning

  • Introduction to workforce planning and its significance.
  • Key components of an effective workforce planning process.
  • Aligning workforce planning with organizational goals.

Workforce Analysis and Talent Acquisition

  • Conducting workforce analysis and forecasting.
  • Identifying staffing needs and skills gaps.
  • Developing strategies for talent acquisition and recruitment.

Budgeting for Workforce Costs

  • Understanding the costs associated with the workforce.
  • Creating and managing a workforce budget.
  • Cost analysis and allocation for workforce planning.

Managing Workforce Changes and Flexibility

  • Strategies for managing workforce changes, including downsizing or expansion.
  • Implementing flexible workforce models.
  • Balancing permanent and contingent workers.

Measuring and Evaluating Workforce Planning

  • Identifying key workforce planning metrics and KPIs.
  • Assessing the impact of workforce planning on organizational success.
  • Continuous improvement through data-driven insights.

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