External supply factors and integrating workforce forecasts
5HR02 – Talent management and workforce planning
This CIPD Level 5 learning video on external supply factors and integrating workforce forecasts is part of unit 5HR02 – Talent management and workforce planning, addressing assessment criteria AC 2.2 on evaluating techniques that support workforce planning. The video explores how organisations analyse external supply factors alongside internal data such as promotion rates, employee turnover rates and transfer rates to create accurate workforce forecasts. You'll discover how to integrate demand forecasting techniques—including managerial judgement, cost-based approaches and systemic methods—with supply-side analysis to develop comprehensive workforce plans. By completing this module, you'll gain the skills to evaluate and apply integrated forecasting methodologies essential for strategic talent management decisions.
Assessment Criteria 2.2
Evaluate the techniques used to support the process of workforce planning.
Indicative Content
Techniques to forecast demand: managerial judgement, working back from costs, systemic approaches. Data used to forecast supply: promotion/demotion rates, transfer rate, employee turnover rate, factors affecting external supply, critical incident analysis.
What You'll Learn
Video covering: External supply factors and integrating workforce forecasts
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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