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The term Human Resource Management is used to describe the entire workforce of an organization. Through the etymological meaning has got its recognition gradually. A paradigm shift is worth mentioning in this regard when the connotation of "personnel management" related to industrial psychology, welfare management started to digress and it evolved in to "Human Resource Management. The Co-relation is also evident from economic perspective too. The four factors of production comprise the entire gamut of economics and one such variable "Labor" is highly predominant factor. The purpose of writing this article is to highlight the growing importance of proper workforce planning in relation todata analysis in various domains such as healthcare in the United States, the public sector in Europe, retail in the United States and manufacturing and personal-location data globally, the economy as a whole is dependent on manpower, the biggest backbone of a nation leveraging on the right talent.
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