Workforce Management

Workforce Management (WFM) encompasses all theresource activities including recruitment and selection,
responsibilities for maintaining a productive and contentclassification and compensation, training and
labor force-a company's most valuable asset. It isdevelopment, performance management, and retention.
organizing an accountability framework that ensuresManaging a work force is a complex job. In addition to
that a department's strategic priorities and objectivesthe human resource factors, there are numerous
are administered in an efficient and cost effectiveaspects dealing with manpower, accounting and
way.finance that must be considered. Human resource
Workforce management is sometimes referred to asmanagement budgets, committees, planning activities,
Human Resource Management Systems, or even theinformation systems and decision support systems
larger Enterprise Resource Planning systems. It mayhave been developed to assist in fulfilling your
include payroll and benefits, human resource, time andpersonnel management responsibilities.
attendance, career and succession planning, talentWorkforce management is important to ensure that an
management and/or applicant tracking, learningorganization has sufficient and qualified human capital
management and/or training management,to accomplish its mission. It is crucial to have the right
performance management, and forecasting andquantity of people in the right places equipped with the
scheduling.right skills at the right times. Because all employers
Workforce management is the strategic configurationcompete for employees from the same labor pool,
used in order to replenish the organization's businessworkforce management may be integral to persuade,
processes with the right quantity and specialization ofemploy and retain the talent needed to serve the
human capital. Its methodical process include analyzingclients.
current workforce, figure out future workforceCompanies that neglect the vitality of implementing a
essentials, and enforcing business resolutions to attainstrategic approach to workforce management leave
the organization's mission, vision, goals and objectives.themselves exposed to tangible and costly business
Workforce management should be versatile,risks. Without its application, proactive organizations
spontaneous, and in line with the organizationalwould ineffectively manage and forecast human
strategies that are influenced by economic conditions.capital across the enterprise.
As a leader, business partner, and change agent, theHuman capital is arguably the most important element
human resource professional is responsible forof business, but many enterprises are not fully in
structuring and conducting this management.control of the training and planning of their workforce.
Workforce management uses a management toolTo achieve successful workforce management, they
that is called workforce planning. This a comprehensiveshould acquire technological upgrades and state of the
process that serves as a manager's blueprint inart facilities to attract highly qualified talents. And to
formulating staffing decisions based on anretain, they should take care of their employees,
organization's mission, strategic plan, budgetaryoffering higher than minimal rates, incentives,
resources, and a set of desired workforceinsurances, and benefits.
competencies.Copyright 2007 Ismael D. Tabije
Workforce planning is inclusive of strategic planning,Unlock the secrets of successful executives and
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