Final answer:
Workforce analysis is the process of identifying the workforce an organization needs to meet objectives, involving job analysis and matching candidates' characteristics with job requirements.
Step-by-step explanation:
The act of identifying the numbers and types of employees necessary for an organization to meet its objectives is referred to as workforce analysis. This process involves performing a job analysis to accurately describe the task or job at hand. From there, organizations must assess the characteristics of potential applicants to ensure a proper match to the job requirements. The goal of workforce analysis is to specialize and focus on the retention of employees, streamlining hiring practices, and reducing the number of firings through effective recruitment and employment strategies. Once employees are hired, continuous training and development are essential to maximize the investment made during the hiring process. Moreover, performance evaluation plays a key role in assessing how employees meet the job requirements over time.