Strategic Workforce Planning in Retail Sector

Running head: MANAGEMENT
Management
Name of the Student
Name of the University
Author Note

1MANAGEMENT
Introduction
The essay helps in analyzing the different kind of crucial elements of the strategic
workforce planning in the entire retail industry. The different kind of challenges has to be
addressed in an effectual manner with the usage of the different literatures as this will help in
addressing the same in an effectual manner.
The main aim and purpose of the essay is to understand the fundamental elements of the
workforce planning in the retail industry specifically in Wal-Mart that is headquartered in United
Kingdom. The challenges have to be described effectually as this will help in resolving the issues
in an effectual manner.
The structure of the essay includes the different kind of challenges that is faced by the
retail industry wherein the different kind of solutions will be provided to resolve the issues in an
efficient manner.
Strategic Workforce Planning in Retail Sector
Strategic Workforce Planning is essential in the different kind of organizations as this
will help them in creating a working environment that is effective and efficient in nature.
Goodman, French & Battaglio Jr, (2015) has commented that proper workforce planning is
required in order to bring and provide clarity in the plans of the organization along with
description of the different kind of analytical functions as well. However, on the other hand Rees
et al., (2018) commented that workforce planning requires continual procedure to align the
different kind of needs along with priorities of the organization.

2MANAGEMENT
For instance- Workforce Planning at Wal-Mart is continual in nature wherein the
respective company recruits different kind of employees by conducting proper recruitment and
selection process along with job descriptions along with person specifications. Proper job
description has been provided to the company wherein the person specification has been
provided in an effectual manner wherein the different skills are met in an effectual manner.
Fagerström, Lønning & Andersen, (2014) has commented that the different kind of
components of the workforce planning is essential in nature as this will reduce the turnover rates
along with forecasts of the potential retirements along with analysis of the performance
management activities. However, on the other hand, Cohen, Blake & Goodman (2016)
commented that workforce planning is essential in nature wherein this will help in supporting the
different kind of planning along with talent forecasts. Workforce planning helps in supporting
the forecasting and budgeting process wherein it helps in identification of skill gaps in the
organization along with analysis of the areas of the concern.
For instance- Wal-Mart has introduced workforce planning in their organization wherein
proper adoption of the new ideas has helped in analysis of the internal environment and action
plan has helped the company in making the workforce planning effectual in nature. In order to
make their organization high performing, Wal-Mart has developed proper budget and goal
setting for them that has helped them in gaining competitive advantage in recruiting and
selecting the employees efficiently as well.
Crucial Components of strategic workforce planning
There is different kind of crucial components of the strategic workforce planning wherein
it is seen that main components are as follows: