Introduction to workforce planning and forecasting demand for labour
5HR02 – Talent management and workforce planning
This CIPD Level 5 video introduces workforce planning and forecasting demand for labour as part of unit 5HR02 – Talent management and workforce planning. It explores how organisations analyse the impact of effective workforce planning by examining forecasting techniques for internal and external labour supply, identifying gaps between supply and demand, and evaluating strategies to address imbalances. Designed to meet assessment criteria AC 2.1, the video equips learners with essential knowledge of labour forecasting methodologies and their organisational implications. By watching, you'll gain a comprehensive understanding of how strategic workforce planning drives business success and informs talent management decisions.
Assessment Criteria 2.1
Analyse the impact of effective workforce planning.
Indicative Content
Impact of forecasting demand for labour; forecasting internal and external supply of labour; identifying and analysing gaps between supply and demand of labour; strategies to address the gaps between supply and demand.
What You'll Learn
Video covering: Introduction to workforce planning and forecasting demand for labour
About 5HR02 – Talent management and workforce planning
This unit focuses on the impact of effective workforce planning in considering the development of diverse talent pools and how to contract and onboard the workforce. It also includes analysis of the potential cost to the organisation if this is poorly managed and the tools and interventions required to mitigate this risk.
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AC 2.1 – Analyse the impact of effective workforce planning.
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AC 2.2 – Evaluate the techniques used to support the process of workforce planning.
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