What Is Workforce Planning?

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What Is Workforce Planning?
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In the age of digitalization, many companies have
become technology-driven. As the businesses
expand, overseeing the entire process in the
workforce will be a difficult and time-consuming
task. Workforce planning is an important task to
be completed along with the business goals so
that the company can run effectively and remain
strong. Using AI-based solutions like strategic
workforce planning and management with analysis,
forecasting and right tools for human capital
management will help in steady business growth. 
Artificial Intelligence (AI) already has a huge
impact in the workforce management industry
especially in optimizing the areas such as
performance and cost. It is reshaping the way
enterprises recruit the employees, manage and
engage with them.
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What does workforce planning mean?
Workforce planning is the process of balancing
the staff supply (skills) with the demand to meet
the business objectives. This process includes

• Making sure that there is enough labour supply
  (skills) to deliver the required support.
• Ensuring that the organization recruits and
  retains the right skills.
• Identifying the skills required currently and in
  the future for developing and supporting the
  business with proper recruitment analytics.
• Identifying the skills and developing them to
  fill the roles in the future.
• Get recommendations through recruitment lead
  generation to address shortages or mismatch of
  skills.

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Role of AI in workforce planning
A better understanding of skills and future needs
is the central part of workforce management.
However, as the enterprise grows this will become
a tougher task since it is difficult to keep the
track of all the employee needs. That is why the
AI-driven workforce planning and management
solution is required to make it possible to
store, update, maintain, observe and manage the
employee data in a proper manner. Since AI
automates all the process, it will enable the HR
team to focus on other core operations which need
immediate attention.
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Features of AI-powered workforce planning and
management
Forecasting and analytics AI-based solution
includes recruitment analytics tools with
forecasting abilities. You can find, analyze and
view the labour market data in real-time to
perform all the tasks properly. You will also be
able to formulate the right strategy which will
help in meeting the future demands for the skills.
Seamless hiring process With the AI-based
solution, you can make the hiring process simple
with personalized research tools to find the best
talent. You will have better recruitment insights
that can relieve you from the stress or trouble
you may have in finding the right talent from
numerous resumes.
Free from errors Since the software will
analyze labour market data in real-time based on
keywords, location, experience and skills, you
will be able to find the right talent easily.
Sometimes the manual process of screening may
have errors but this automation will make this
entire process free from any mistakes. Also, this
tool will help the HR team to shortlist the
candidates faster and schedule the interview
quickly.
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Better future prediction When you have a better
understanding of the business whether it is
predicting future ROI, need for talents, employee
engagement and so on, it will help you make
better decisions in HR management. Also, with the
latest technology, you will be able to enhance
the decision-making ability by overcoming the
hurdles in this process and support future
business growth.
When we look at the future the changing business
environment will not stop. Since the organization
will need the best talent for its growth we at
Fatraven provide you with the best AI-based
software that will bring your job market based
challenges to halt. Fatraven will help you to
focus more on the right talent by automated
analysis so that you can fulfil your skill
demands within a few clicks.
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Thank You