Question

Strategically evaluating the company's current lines of business, new businesses it will be getting into, businesses it will be leaving, and the gaps between the current skills in the organization and the skills it will need to execute its business strategy is ________

Answer 1

Workforce Planning

Step-by-step explanation:

Workforce planning refers to alignment of organizational needs and goals with those of it's workforce skill levels, to ensure achievement of goals and objectives.

It refers to planning and estimating the workforce and skill requirement, forecasting the availability of workforce supply and ensuring the workforce to be recruited possesses the requisite skill sets required for the projects under consideration.

Workforce planning aims at ensuring that an organization possesses the workforce with the requisite skills required for a job. The process takes into consideration the demand and supply of workforce in the market, analyzing the gap between the two and finding a solution to bridge such gap.