Forecasting Needs
The key objective for undertaking a forecast needs is to identify what the workforce requires to accomplish the organisation's future strategies.
What activities are undertaken?
The activities to complete when forecasting future organisational needs include:
- Understanding future work requirements
- Identifying future competencies
- Developing forecasting models
- Developing forecasting assumptions and scenario building
Forecasting future work requirements involves identifying the type of work that will need to be performed to meet future organisational goals, as well as how it will be performed.
