Workforce analysis (also called workforce planning) is a process that uses both employee and ROI data to inform decisions on (1) recruitment, (2) retention, and (3) employee management. The point of conducting a workforce analysis is to maintain proper staffing levels so that critical competencies are fulfilled, succession is well-managed, costs are optimized, agility is achieved, and resiliency is retained. These objectives are reachable when the supply and demand of employees and skills are identified and forecasted accurately and in a timely manner.
