Problems of Manpower Planning
1. Inaccurate Forecasts: The basis of manpower planning is on workforce needs projections for the future which take into consideration the changes in the business environment through trend analysis, economic circumstances and technological advancements. Yet, occasionally, the inaccurate predictions may result in saturating the workforce or shortage of it, which in its turn, would result to inefficiency and to added expenses.
2. Changing Business Conditions: Before businesses are urgently required to revise their strategies, that can be changeable as oblique movements in the market situation concerning economic fluctuations or industry disruptions or shifts in customer preferences, they may have difficulty planning manually capacity for the future when facing these rapid changes in the business environment.
3. Skill Shortages: The task to be able to spot the proper talent which have the desired skill along with required competencies could be quite a challenging situation, especially when there is a shortage of skills or the market demand is high for the tasks needs specialist skills. This results in talent gaps creation that may paralyze the corporate operations.
4. Employee Turnover: Last but not the least I would like to point the fact that high churn rates create a very unstable workforce which makes manpower planning efforts and recruitment / training costs inefficient. Staff turnover is caused by the reasons like lack of fulfillment of roles and responsibilities, career stagnation, and also by competition in the job market.
5. Technological Advancements: Fast technology development can threat machines to the job by making some job positions extinct or new skills necessary. Manpower planning must be no longer situated far behind these changes, for getting the workforce ready to face new technical requirements is the major task.
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