Workforce planning is often mentioned – but rarely explained. What is workforce planning, and how do you do it? When used well, strategic workforce planning enables HR to plan for the capabilities they need in the future. In this article, we will dive into what workforce planning is, the process, give a number of examples, and end with a toolkit on how to get started when you want to start planning your workforce. MORE

The first is a focus on ‘what we’re spending’ and linking workforce performance and individual and team performance with how workforce plans address growth or change in the organisation, said Aaron Green, VP HCM strategy at Oracle. The third step is to develop rewards programmes that are tailored to different sectors of a workforce to positively impact attraction and retention of existing talent, Green said. “HR Originally posted on Inside HR. MORE

Health care providers tend to lag other industries in the adoption of new business processes and technologies, and we find this to be consistent in the industry’s use of big data and analytics to improve organization performance. Yet, the successful use of data analytics in other industries could indicate that it’s time for health care systems to up their game. Using data to drive more effective health care workforce planning. percent in 2014 to 17.2 MORE

” – Rachel Botsman, AHRI HR Technology Conference 2014. If you’ve been thinking about upgrading your HR technology platforms consider this: your choice can make a difference in your business’ capability to analyse the goldmine of employee data – data that so often lays dormant within clunky and antiquated systems. Data can be used to predict turnover, improve new hire success rates, and keep an eye on poor performers for example. Payroll Data MORE

Traditional approaches such as employee engagement surveys and proper training for managers are important components of a good workforce planning strategy. Now that ‘big data’ has arrived, the insights it provides are becoming an increasingly valuable part of that strategy. The dataset represents fictitious/fake data on terminations from the Employee Attrition Kaggle competition. Let’s first look at the data. load data. Data Summary. MORE

Russell studies video and data then makes suggestions to swimmers and coaches to help them achieve faster times. So, data and a growing comfort interpreting it became Russell’s friends. Turning to data rather than relying on hunches or habit can help you stay ahead of the pack. And that starts with making sure that every member of your workforce feels as though they belong at your company. You plan your entire life to achieve a goal as an athlete. MORE

Challenges such as the impending retirement cliff, an increasing skills gap and talent shortages, as well as the persistent difficulty of retaining top employees—who are creating havoc across all companies and industries. At the 2014 HRPS Global Conference held in La Jolla, California, innovation and “purpose” were primary focuses. The list of individual motivations can be countless, but it’s the ambiguity of purpose that can harm the workforce’s well-being. MORE

Succession planning is about managing the risk associated with any type of critical skills gap. Imagine the problems it would cause for a nuclear plant’s operations if not enough nuclear engineers were developed in time to fill the gaps created by retiring baby boomers. At the end of the day, you can manage this risk by ensuring you have a solid pipeline of successors and developing workforce plans for the future that take into account your business strategy and goals. MORE

Health care providers tend to lag other industries in the adoption of new business processes and technologies, and we find this to be consistent in the industry’s use of big data and analytics to improve organization performance. Yet, the successful use of data analytics in other industries could indicate that it’s time for health care systems to up their game. Using data to drive more effective health care workforce planning. percent in 2014 to 17.2 MORE

Blog posts here on HR Times regularly discuss ways organizations can rethink and revamp their talent programs to better support business strategies and overcome workforce challenges. 2 Also consider that manufacturing employs 9 percent of the workforce, supporting more than 12 million workers directly and 17.4 percent in 2013, 4 and data projections suggest 400,000 jobs will be added between 2015 and 2020. million workers are expected to retire between 2015 and 2025. MORE

This means more organizations will take a more proactive approach to planning. To achieve this, it will be crucial to identify critical resources, forecast turnover, and develop more accurate hiring plans based on delivering talent for critical business strategies. Trend #2: Organizations will move their focus from headcount to total workforce costs. Trend #5: From analyzing the past, to planning and predicting the future. MORE