What is the main function of a short-term forecast?

The main function of a short-term forecast in the context of workforce management is centered around estimating future staffing needs. Short-term forecasts typically focus on a time frame ranging from a few days to a few weeks and are essential for planning the optimal number of staff required to meet anticipated demand. By analyzing historical data, trends, and operational requirements, organizations can project staffing levels necessary to handle various work volumes, ensuring they have the right number of employees scheduled to meet customer demand without overstaffing or understaffing.

This precise forecasting helps organizations efficiently allocate resources, manage labor costs, and maintain service levels, ultimately leading to better operational effectiveness and better managerial decisions regarding staffing.