This specific point in the previous year serves as a benchmark for evaluating current employee count. It provides a concrete data point for measuring growth or contraction of the workforce over a 12-month period. For example, comparing the current number of employees to this figure reveals net changes and can inform strategic decision-making.
Understanding historical workforce size is essential for analyzing trends in staffing levels. This data point provides context for evaluating current human resource needs and predicting future requirements. It enables businesses to proactively address potential staffing shortages or surpluses, and contributes to more accurate budgeting and resource allocation. Furthermore, this historical perspective can be useful for assessing the effectiveness of past hiring and retention strategies.