Human resource planning (also called Workforce Planning or People Planning) helps organizations have an adequate and sufficient workforce to meet business objectives. It allows you to anticipate personnel needs and prepare for changes in the market, industry or technology.
Maintaining an adequate balance between the workforce and financial resources is a fundamental task to avoid overloading labor costs, where financial planning is an extremely powerful tool in this regard.
The annual process of reviewing productive needs, resources, promotions, salary increases, worked jointly between HR with the business areas and coordinated with Finance, must be supported by Planning tools to measure the impact of the decisions made, monitor them, and ensure balance between financial resources and employment needs.
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