What is workforce analysis?
You can't plan in human resources if you don't have the information on which to base your actions. Workforce analysis involves identifying current and anticipated future supply of labor and skills, identifying what you need and will need in the future in terms of labor, skills and competencies (demand analysis), and then identifying the gaps between the current and future supply and current and future demands (a gap analysis). Then you action plan around how to reduce the gaps.
The Government of Saskatchewan has produced a nice guide that explains these processes in more detail, and that can be accessed here. Here's a brief summary of these processes:
Supply Analysis
• Internal supply
- Current workforce
demographics
- Workforce trends – eligibility
for retirement, separation rate,
etc.
• External supply
Demand Analysis
• Critical occupations and
competencies required to meet
projected needs
• Anticipated changes of programs
and services (volume, delivery
channel, location and duration)
• Separation/turnover rates
• Vacancy rates
Gap Analysis
• Compare supply with demand analysis to determine future shortages and excess
in the number of employees needed, types of occupations, and competencies