Supply forecasting through internal workforce data
5HR02 – Talent management and workforce planning
This CIPD Level 5 video explores supply forecasting through internal workforce data as part of unit 5HR02 – Talent management and workforce planning. The content addresses assessment criteria AC 2.2 by evaluating key techniques used to support workforce planning, including managerial judgement, cost-based approaches, and systemic forecasting methods. The video examines how organisations utilise internal data sources such as promotion and demotion rates, transfer rates, employee turnover rates, and critical incident analysis to forecast labour supply effectively. By watching this video, you'll gain practical understanding of how to analyse internal workforce metrics and apply evidence-based forecasting techniques to strengthen your organisation's talent management strategy.
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: Supply forecasting through internal workforce data
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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