Workforce Planning and Workforce Planning

workforce planning: In a changing economic and demographic landscape, strategic workforce planning can help employers understand the factors affecting their workforce and allow them to identify the most effective talent management strategies to achieve their strategic goals, according to The Chronicle Herald. The report, HR Trends and Metrics, Third Edition: The Canadian Context for Strategic Workforce Planning, provides insights related to Canada changing business environment, labour force, and demographics, and explores the implications of these trends for Canadian organizations and their workforce. It reveals that: Ottawa A new Conference Board of Canada report reveals how an improving business environment, skills shortages, and an aging population are placing additional pressures on Canadian organization ability to recruit and retain employees. In today business environment, Canadian organizations need to more proactively compete for talent. Strategic workforce planning is an important business-planning tool that can help organizations ensure they have the right people in the right place at the right time and at the right cost, said Ruth Wright, Director, Leadership and Human Resources Research, The Conference Board of Canada. (www.immigrantscanada.com). As reported in the news.