Strategies to address workforce gaps and the broader impact of effective planning
5HR02 – Talent management and workforce planning
This CIPD Level 5 learning video for unit 5HR02 Talent management and workforce planning explores strategies to address workforce gaps and the broader impact of effective planning, directly supporting assessment criteria AC 2.1. The video examines how organisations forecast demand for labour and analyse both internal and external labour supply, before identifying critical gaps between supply and demand. You'll discover practical strategies for addressing these workforce gaps and understand how effective workforce planning creates organisational value. By watching, you'll gain the analytical skills needed to evaluate workforce planning impact and develop evidence-based strategies for your CIPD qualification.
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: Strategies to address workforce gaps and the broader impact of effective planning
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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Forecasting supply of labour and identifying workforce gaps
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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