Topic > Importance of workforce planning - 1018

The importance of forecasting is based on the fact that it ensures that a company is able to manage the supply and demand of talent. In this process, companies should always identify key business drivers, locate quality resources containing relevant forward-looking information, and use similar resources to gather accurate, timely, and complete data sets. Therefore, common types of information used in evaluating general business trends in the economy include seasonal forecasts. It refers to forecasts that are usually based on the seasons that make it easy for companies to anticipate and adequately prepare their staff. The other source of information could be online information. This type of information will give the company current trends of what is happening in the world of work