Effective workforce planning is an essential step in identifying appropriate workforce staffing levels and justifying budget allocations and sourcing strategies so that organizations can meet their recruiting objectives.

Workforce planning has enjoyed much attention lately by many experts, who have unfortunately applied many convoluted definitions. Here however, is a universally accepted definition: Workforce planning is a systematized methodology identifying human capital requirements to meet corporate goals and develop the strategies (approaches) to meet these objectives.

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srini