Which of the following is NOT a component of workforce planning?

Employee benefits administration is not considered a core component of workforce planning. Workforce planning primarily focuses on identifying future workforce needs and aligning human resource strategies with organizational goals. It involves anticipating the demand and supply of talent, which encompasses components such as talent management, succession planning, and workforce forecasting.

Talent management refers to the strategies and practices that organizations use to attract, retain, develop, and reward employees. This is essential in workforce planning as organizations need to ensure they have the right talent in place for their future needs.

Succession planning is critical for identifying and developing internal personnel to fill key positions as they become available, thereby ensuring leadership continuity and readiness.

Workforce forecasting involves analyzing trends and predicting future workforce requirements, helping organizations plan for recruitment, talent development, and other HR needs effectively.

In contrast, employee benefits administration focuses on managing employee compensation and benefits packages rather than directly influencing workforce planning strategies.