Prior to beginning work on this discussion,

• Read Chapter 10 in Applied Psychology in Talent Management.
• Read the article 3 Keys to Closing Workforce Planning Gaps Links to an external site..
  • This article provides information about workforce planning.
• Review the article Strategic Workforce Planning—A Vital Business Activity Links to an external site..
  • This article outlines key steps involved in strategic workforce planning.
• Watch the video KellyOCG—Strategic Workforce Planning Links to an external site..
  • This video provides information about the importance of understanding the needs of the workforce and developing and applying a strategic workforce plan.

The purpose of workforce planning is to anticipate needs, set priorities, and allocate scarce organizational resources (Cascio & Aguinis, 2019). Consider that you are the vice-president responsible for talent acquisition of a midsize organization located in the United States. You have been tasked with presenting a forecast of what the organization will need to hire within the next 12 months. Incorporate the four components of workforce planning, as outlined in the course textbook, as you address the key points below in your forecast:

• How will you anticipate needs, set priorities, and allocate scarce organizational resources?
• Is it more prudent to hire contractors or in-house?
• Which arrangement produces the highest return for the invested resource?

Your initial response should be a minimum of 200 words.