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When managers forecast the need for more staff, ask why

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in Hiring,HR Management,Human Resources,Leaders & Managers,Management Training

When you plan your comp and benefits budget for next year—or for the year after that or the following year—how do you know how many employees your organization will need? If you’re like most organizations, you don’t know. But you should.

Or you should at least have a pretty good estimate, and you should base that estimate on both your organization’s employment history and its anticipated projects.

Uncertainty, wild guesses

The problem that companies have in this regard is uncertainty. Businesses find it extremely difficult to plan where they’re going to be—in terms of how much staff they will need—even a year out. They’re uncertain whether they will need more or fewer employees, and whether those people will come from within or from outside their organizations.

In fact, most organizations simply guess at both, and they’re usually wrong.

When you’re wrong or unprepared, you pay far more than you should. If you do...(register to read more)

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