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Workforce forecasting is an essential part of a companys overall workforce management process, as its critical for a business to know how many people it requires to meet its needs. Accurately forecasting workforce needs helps organizations avoid talent shortages, reduce turnover, and remain competitive.
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HR term example: “Digital HR aligns culture, talent, structure, and processes to create a balance between innovation and efficiency.” HR term example: “An effective employee listening strategy ideally involves a continuous conversation between managers and their team members.” ” 12. ” 13. ” 14.
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