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18 Workforce planning > Introduction - Pg. 209

209 18 Workforce planning K e y co n c e P t s a n d t e r m s Demand forecasting Human resources planning Ratio-trend analysis Soft human resources planning SWOT analysis Hard human resources planning PESTLE analysis Scenario planning Supply forecasting L e a r n I n g o u tcom e s On completing this chapter you should be able to define these key concepts. You should also know about: The nature of workforce planning The link between workforce and business planning The rationale for workforce planning Workforce planning issues Approaches to workforce planning introduction Organizations need to know how many people and what sort of people they should have to meet present and future business requirements. This is the function of workforce planning, the term which increasingly is replacing `human resource planning'. The purpose of this chapter is to describe how workforce planning functions, bearing in mind that it is not as straightforward as it was presented when the notion of `manpower planning' became popular in the 1960s and 70s. Workforce or human resource planning may be well established in the HRM vocabulary but it does not seem to be embedded as a key HR activity. This chapter starts with a definition of workforce planning and continues with a discussion of its aims and the issues involved, including its link with