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Welcome to the HR Dojo. Demand minus supply. That is the whole game. 1.3 Workforce planning Workforce planning answers one question. Will we have the right people at the right time at the right cost? Forecast labor demand from the business plan. Forecast labor supply from two places, the external market and your internal bench. Internal supply is not a vibe. It is a skills inventory plus an employee transition matrix. That matrix shows how people move, stay, promote, transfer, or exit. It turns last year's movement into next year's supply. Then you run a gap analysis. Demand minus supply surplus, shortage, or mismatch. Action planning is the close, hire, train, transfer, or reduce. If you skip the forecast, you are staffing by panic. Thank you. Best of luck on your learning journey.