Workforce Planning & Budgeting with 'Prajjo Workforce' Software
The Industrial Revolution had been the precursor of the Workforce Planning & Budgeting process. By adopting the process, factories owner of the time used to plan their production. As time passed by, the importance of this process went up manifold. Prior to Information Technology age, the workforce mobilization cost was second to the raw materials cost. With the advent of IT, the workforce cost now ranges from the first to the second position of any organization depending upon the nature of the industry one is operating in. With Glocalization, organizations again came under tremendous stress to compete and remain viable. The factor of workforce cost has taken such an importance at the global macroeconomic level that this decides the movement of investment into suitable economies. Economies are considered favorable or unfavorable for investment depending upon the cost and the quality of workforce. Workforce related cost issues affect efficiency and even the survival of the o...