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Workforce forecasting is an essential part of a company’s overall workforce management process, as it’s critical for a business to know how many people it requires to meet its needs. Accurately forecasting workforce needs helps organizations avoid talent shortages, reduce turnover, and remain comp
etitive.This article discusses the importance of workforce forecasting, different methods you can use, and best practices to observe to ensure effective workforce p
lanning.
ContentsWhat is workforce fore
casting?Why is workforce forecasting im
portant?How workforce forecasti
ng works5 steps to take for effective workforce for
ecasting9 examples of workforce forecasting methods an
d modelsBest workforce forecasting practice
s for HRTools and software for effective workforce