Benefits

• Ensures the workforce is the right size, in the right place, has the right skills and will therefore help the business to achieve its corporate objectives
• Encourages managers to forecast future requirements and to identify skill gaps. To implement training and development where appropriate
• Encourages managers to prepare and plan for change rather than reacting to them
• Cut costs by ensuring too many or not enough staff have been recruited; also through reducing staff turnover, absenteeism and improving performance
• Implement diversity policies and help improve customer service
• Improves communication- employee are happier when working for a company who take HRM seriously