Assignment Instructions Create a five ( 5) year manpower plan aligned to business targets and present to top management Competency developed: Strategic workforce planning. Objective: Plan the Human side of your company strategy so it can meet its turnover, profitability, or sustainability targets. Explanation: How workforce will be utilized in the future? How to attract and develop the necessary skills. You'll need more than one meeting to produce such a plan. Tips: Make sure you collect the most relevant business targets to get a clear vision of the 5-year objectives and gaps. Meet with business line manager, top management, and collect market data to validate assumptions. You must consider the following Strategic workforce planning therefore revolves around ensuring that the company's workforce has the right size, shape, cost, and agility for the future. The goal of size revolves around the number of people and job roles. A workforce that is too large is overstaffed and works inefficiently while a workforce that is too small, means that the company isn't producing what it potentially could produce. This can be indicated by an excess of vacancies. The goal of shape revolves around having the required competencies needed today and tomorrow (in the form of succession planning). The goal of cost revolves around reaching an optimum labor cost. Too much will bankrupt the company but too little will result in work not getting done. The goal of agility is about having a workforce that is lean and flexible and can adapt to changing market demands. The goal of cultural competency, workforce regulations, and acts, academic credentials used and considered in the hiring process