Workforce Planning and Budgeting

Description

The "Workforce Planning and Budgeting Program" aims to equip participants with the knowledge and skills necessary to analyze workforce needs within organizations and to prepare effective budgets The program addresses both scientific and practical methods for workforce planning and managing financial resources in alignment with the organization’s goals and strategies

Objectives:

1.      Understand the fundamentals of workforce planning and its importance in achieving organizational objectives

2.   Acquire the skills needed to prepare effective and accurate budgets

3.   Learn how to analyze workforce data and forecast future needs

4.   Enhance the ability to link workforce planning with the organization’s overall strategies

5.   Enable participants to use tools and techniques for workforce planning

Target Audience:

1.   Human resources personnel

2.   Managers and strategic planning officials

3.   Financial analysts

4.    Individuals interested in developing their skills in planning and budgeting

Topics:

1.   Introduction to Workforce Planning:

• Definition of workforce planning and its significance
•   Factors influencing workforce planning

2.    Methods of Workforce Planning:

•  Quantitative and qualitative approaches
•  Gap analysis in the workforce

3.      Budget Preparation:

•   Types of budgets and their objectives
•   Steps for budget preparation and resource allocation

4.      Data Analysis and Needs Forecasting:

•     How to collect and analyze data
•    Tools for forecasting future workforce needs

5.    Strategic Planning:

•      Linking workforce planning to organizational strategy
•      The role of leadership in the planning process

Topics Covered:

1.   Analysis of the current workforce

2.   Developing effective recruitment strategies

3.   Performance evaluation and periodic budget review

4.   Utilizing technology in workforce planning

Outcomes:

1.   Participants will be familiar with concepts of workforce planning and budgeting

2.    Ability to effectively analyze workforce needs

3.    Preparation of accurate budgets reflecting the organization's actual needs

4.    Improvement of recruitment strategies based on data and analysis

5.    Development of actionable plans to implement workforce planning and budgeting strategies