Examlex
Workforce Planning
The process of analyzing, forecasting, and planning workforce supply and demand, assessing gaps, and determining targeted interventions to ensure an organization can meet its goals and objectives.
Downsizing
Activities undertaken to improve organizational efficiency, productivity, and/or competitiveness that affect the size of the firm's workforce, its costs, and its work processes.
Laying Off Employees
The act of temporarily or permanently removing employees from their positions, often due to economic downturns or organizational restructuring.
HR Forecasting Process
The process used by organizations to estimate their future human resources needs based on current data and trends, ensuring they have the right number of employees with the right skills.
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