Discuss the role of government, employers and trade unions in ensuring future skills needs are met. Analyse the impact of effective workforce planning. Explain approaches to succession and contingency planning aimed at mitigating workforce risks. Differentiate between the main types of contractual terms in contracts.

1.All the societal stakeholders, who are the trade unions, the government, and employers, are known to ensure all the future skills needs are met

2. Effective workforce planning helps organizations anticipate and identify issues in the early stages, which helps avoid unexpected and disruptions costs in the future

3. There are different approaches to contingency and succession planning to mitigate workforce risks. One of them is managing the risk of mitigating and contingency through talent groups development.

4. There are different types of contractual terms in contracts. They include innominate, conditions, and warranties terms. 

Step-by-step explanation

1.All the societal stakeholders, who are the trade unions, the government, and employers, are known to ensure all the future skills needs are met. The government itself plays a significant role in setting rules adhered to by the society's organization, which means the government provides public goods and services that help in the growth and stability of the economy. Another way is through supporting the development of skills in society. Employers also play a more significant role by collaborating with educational institutions like universities in helping them produce degree programs that meet the future skills in the labor market. At the same time, unions take part in this aspect by offering a supportive path for society, especially the youths identifying their basic needs and overcoming their fears. The unions do this by providing opportunities for laborers to gain technological changes skills that are important in many workplaces.  

2. Effective workforce planning helps organizations anticipate and identify issues in the early stages, which helps avoid unexpected and disruptions costs in the future. The planning can also help businesses realize serious roles and shortages in their labor force to fill those roles. That is because effective workforce planning ensures companies have the right talents who have the right skills at the right place and time. 

3. There are different approaches to contingency and succession planning to mitigate workforce risks. One of them is managing the risk of mitigating and contingency through talent groups development. That means using appraisals to identify the people interested in progression, building plans for development, and current abilities assessment that addresses the gaps between current skills, ability, and interest needed to progress.  

4. There are different types of contractual terms in contracts. They include innominate, conditions, and warranties terms. 
Condition terms give the party the right to affirm the contract or terminate it if breached. 
The warranty term does not give the party any right to terminate the contract if breached. 
The innominate term is in-between the two previous terms where its breach depends on its effect. When the breach is substantially effective, the part is given the right to terminate the contract.