How will you anticipate needs, set priorities, and allocate scarce organizational resources?

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 in 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?

Guided Response: Your initial response should be a minimum of 200 words. Respond to at least two of your fellow students’ or instructor posts in a substantive manner and provide information or concepts that they may not have considered. Each response should have a minimum of 100 words. Support your position by using information from the week’s resources. You are encouraged to post your required replies earlier in the week to promote more meaningful and interactive discourse in this discussion forum.