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Only One Third of Canadian Executives State That Their Strategies

question 57

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Only one third of Canadian executives state that their strategies are supported by a workforce plan.Discuss what makes HR planning so difficult.List three practical and three perceptual and attitude barriers to workforce planning
or,
The 2017 Conference Board of Canada survey,Workforce Planning Practices in Canada: Human Resources Trends and Metrics,provides some insights into why the majority of organizational strategies are not supported by a workforce plan.Describe one practical and one perceptual and attitude barrier to workforce planning.Describe how an organization can overcome these barriers?


Definitions:

Discounted

Reduced in price or reflecting the present value of future cash flows when taking into account the time value of money.

Present Value

The value today of a future amount of money or series of payments, adjusted for a specific return rate.

Discounted

The process of determining the present value of a payment or stream of payments that will be received in the future.

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