Workforce planning is essential for professional service firms because it helps them balance labor supply and demand as well as mitigate resource-related risks. In addition, it guarantees that the right number of skilled service professionals are available for projects at the right time and cost.
However, while creating a workforce plan, these firms must consider numerous environmental and organizational factors that play a crucial role in the planning process. Some of these factors include economic conditions, technological advancements, government regulations, organizational goals, financial health, etc.
