Talent Management and Workforce Planning

Talent Management is the process of identifying and assessing the skills, knowledge, and experience of a workforce in order to identify gaps in proficiency and develop plans to fill those gaps. Workforce Planning is the process of developing realistic projections of future needs based on current levels of staffing and experience. Together, these two processes help you align your resources with your business goals so that you are able to meet future challenges while maximising employee satisfaction.
Both Talent Management and Workforce Planning involve data analysis – gathering information about what employees know and how they use their skills, as well as understanding how trends within your industry or marketplace are affecting employee requirements. In addition to acquiring this essential data manually, many companies now rely on software solutions that automate much (or all) of this analysis for them.