A study on Emerging workforce planning in tertiary sectors in Bengaluru

Abstract

The necessity of the proactive planning of workforce is vital. A speedy transformation in technology and intense globalization is compelling the corporations to change its strategic approach towards planning of its workforce. This paper focuses on emerging workforce planning process and its elements in tertiary sectors. Workforce planning helps to identify the competencies of existing talent, matching the prevailing talent with the vacancies in the organization and acquiring right talent to avoid excess or inadequate talent. Thus, proper process of workforce planning will ensure right sizing of workforce and avoids mismatch of workforce. It identifies skill gaps if any and also avoids need for downsizing of employees.