Establishing the size and skills of the workforce needed by a business for the future.

Prepare for the IGCSE Business Studies Section 2 – People in Business exam. Study with multiple choice questions and flashcards, complete with hints and explanations. Ace your exam with confidence!

Multiple Choice

Establishing the size and skills of the workforce needed by a business for the future.

Explanation:
Planning for the future workforce is about determining how many staff will be needed and what skills they must have to meet the business’s goals as it grows or changes. This is workforce planning. It links the business strategy with HR, forecasting demand for products or services, comparing it with the current team, and identifying gaps in numbers and abilities. Then it lays out how to fill those gaps—through hiring, training, or other actions—so the business isn’t caught short or bloated and can develop the right capabilities at the right time. Recruitment is about filling current vacancies and bringing in new staff. Training and development focuses on improving the abilities of people who are already employed. Dismissal covers reducing staff. None of these by themselves plan for future size and skill levels in the way workforce planning does.

Planning for the future workforce is about determining how many staff will be needed and what skills they must have to meet the business’s goals as it grows or changes. This is workforce planning. It links the business strategy with HR, forecasting demand for products or services, comparing it with the current team, and identifying gaps in numbers and abilities. Then it lays out how to fill those gaps—through hiring, training, or other actions—so the business isn’t caught short or bloated and can develop the right capabilities at the right time.

Recruitment is about filling current vacancies and bringing in new staff. Training and development focuses on improving the abilities of people who are already employed. Dismissal covers reducing staff. None of these by themselves plan for future size and skill levels in the way workforce planning does.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy