Workforce Demand Planning is the process of predicting and creating a comprehensive understanding of future workforce needs. It considers various factors like demand for products or services, internal and external labor markets, business changes, and other economic conditions. By using data-driven analytics to accurately forecast upcoming workforce trends, organizations can develop strategies that enable them to meet their human capital demands while staying competitive in the global market. Workforce Demand Planning helps organizations create an actionable plan that can be used to make informed decisions about capacity planning and utilization, staff recruitment and retention, and budgeting processes. Ultimately, it lays the groundwork for creating an agile and cost-effective workforce strategy.