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Workforce Planning helps a company design a clear overview of the kinds of skills that they need and who on their staff have them. With a plan, it allows for an easier and faster response time to changing strategies and to forecast the necessity of asset and resource planning within the workforce. Build a nimble workforce that can handle the workload and keep up with demand at any one time.
Succession Planning is essential for an organization’s long-term success. A successful company needs to know which of their employees have the necessary skills and perform at the best level. By skills mapping based on performance, you can pick the best person for the job. Skill mapping helps find the key people with the talent to set your organization up for long-term success. Once you have identified the employees who would be able to rise to a senior-level position, then you do not have to worry if a manager leaves because you have talented employees in your workforce who will be ready to take over.