A comprehensive five-year plan serves as a powerful signal to employees, indicating the institution's commitment to continual expansion and development. This assurance fosters a sense of stability among staff, consequently boosting retention rates. Moreover, a strategic emphasis on minimizing retraining efforts for position refills not only curtails costs but also mitigates employee burnout, fostering enduring organizational coherence. As the five-year plan engages multiple stakeholders in its formulation and execution, a collective investment is cultivated, fostering a shared sense of dedication and ownership among all participants. Planning plays a pivotal role within an institution.
