Workforce Planning and Analytics is the process of understanding, optimizing and sustaining a company’s employee resources to meet its business objectives. It involves both predictive analytics as well as tactical implementation of human capital strategies with regards to payroll, workforce deployment, hiring, retention and dismissal. By utilizing data-driven insights, organizations are able to better manage their existing workforce while also proactively preparing for future needs. Through an effective workforce planning and analytics approach, organizations can anticipate potential opportunities and challenges, enabling them to make informed decisions when it comes to staffing performance, recruitment, compensation and compliance.