Essay: Meeting workplace Planning challenges in the Current Economic Climate Workforce Planning (WFP) It should follow a report format including: · Introduction on issues faced by organisations in...

ESSAY: MEETING WORKPLACE PLANNING CHALLENGES IN THE CURRENT ECONOMIC CLIMATE
WORKFORCE PLANNING (WFP)
Table of Contents
Introduction    3
1. Workforce Planning    3
2. The Workforce Planning Process    3
3. Issues for Labour Demand and Supply for Sector Chosen    4
4. Identify Gaps and Strategy Development    4
5. Techniques for Forecasting Labour Demand and Supply through WFP Process    5
6. HR Strategies to Address WFP    5
7. Issues to Workforce Diversity    5
8. PEST Analysis    6
9. Followed by Employee Satisfaction and Organisation Change    6
Conclusion    7
References    8
Introduction
The planning of workforce is often discussed–but seldom clarified. When used correctly, Human Resource (HR) will schedule the resources that it wants in future with a Strategic Workforce Schedule. In this article, we will discuss what the system, provide a few examples and conclude with a toolkit on how to begin preparing the workforce. Workforce planning, also known as strategic planning is about ensuring that the right person is in the right position at the right moment. Moreover, there are not too many people (outsourcing) or too few (outsourcing) available.
Background
In 2008, the same year, in which Apple introduced the first smartphone; Australia Post sent more letters than ever before. In six years, the distribution of letters had dropped by 32%–a decline in the number of letters sent by 1.2 billion (Australia Post, 2017). Moreover, the predictions are awful.
1. Workforce Planning
Workforce planning also addresses workplace issues for the future and today. For a variety of reasons, strategic staff planning is increasingly important.
· Demographic changes: There are several different issues associated with an aging workforce, including lack of demand skills, productivity challenges and mass retirement.
· Cost reduction: Increasing global competition pushes companies to operate more intelligently. The aged employees are at the same time more expensive – but not inherently successful
· Talent management: Talented workers provide the company with a strategic advantage. It is necessary to have individuals with the right driving force and to fit into a potential pool to compensate for the aging community of executives.
· Flexibility: Talented workers provide the company with a strategic advantage. It is necessary to have individuals with the right driving force and to fit into a potential pool to compensate for the aging community of executives (Australia Post, 2017).
2. The Workforce Planning Process
The strategic planning of workforce leads to the policy of the company. Nevertheless, it is not the starting point of organizational strategy. Current business assets and skills as well as the wider market are dictated by the organisation's strategy. In other words, if a company is very good at producing car paint, valuable resources and unique capabilities are gained. The company will have expensive equipment, which can produce and blend different colours. It will be able to know the chemical compositions of the colours, know what to mix paints so that it can adhere best to different types of materials. The company will be virtually impossible to become a digital marketing agency: it actually has no proper setup to do anything else absolutely. It ensures that today's workers are shaping the company's future path, its existing goods and competition (Australia Postal Corporation, 2017). Both powers must lead the business in some direction. Therefore, business, services and competition shape an organizational strategy. The corporate strategy forms the basis of strategic workforce planning. In the next two years, if a company tries to double its sales, this has an effect on workers. One can measure how many salespersons; they want to promote this growth using current data. This will help them prepare the pipeline for recruitment (Cummins, 2016).
Naturally, urgent market changes have been...