Frequently asked questions

  • What is strategic workforce planning?
    Strategic workforce planning is an analytical process to assess your workforce concerning short- and long-term goals. It lets you know if you have enough skilled people to meet those goals. If you don't, it helps identify workforce gaps by providing a roadmap for hiring and talent management teams.
  • What are the steps in workforce planning
    In workforce planning, first, you determine your goals, assess your workforce, create a plan, execute the plan, and then continuously monitor progress against your original goals. 
  • What are the 5 key elements of workforce planning?

    The 5 key elements of workforce planning are...


    (1) Business strategy alignment


    (2) workforce demand forecasting


    (3) workforce supply analysis


    (4) gap analysis


    (5) action planning and implementation

  • What are examples of workforce planning?
    Typical examples of workforce planning include capacity planning, succession planning, and headcount forecasting.
  • What are the 3 key issues for strategic workforce planning?

    Typically, strategic workforce planning is essential for an organization to overcome particular challenges. Through effective workforce planning, organizations can...


    (1) maintain adequate headcount to keep the business running smoothly


    (2) ensure employees focus on the correct tasks


    (3) hire strategically so there are clear succession and leadership development plans


Strategic Finance Pros by Cube