Prepare for Nurse Retirements and Shortage with Intelligent Workforce Planning

Visier

According to a survey by the National Council of State Board of Nursing and the Forum of State Nursing Workforce Centers, 55% of registered nurses (RN) are age 50 or older. Healthcare providers have a unique driver to connect their workforce decisions to business outcomes: cost of healthcare delivery, and patient outcomes and satisfaction. This is good news for the HR department, since analytics will enable them to take data about their workforce and turn it into actionable insight.

How ConAgra Foods Drove HR Transformation With Analytics-Driven Planning

Visier

When a company acquires another business, bringing the two workforces together is the single most challenging undertaking of the entire project. First, one has to get an accurate inventory of all the people, the locations in which they work, their job levels and the attendant compensation, accrued vesting in pensions, equity and other benefits, span of control, levels and titles, managers and supervisors.

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Boo! Four Scary Employee Engagement Situations to Avoid With Better Survey Data Analysis

Visier

Getting a great employee engagement score, but discovering that 15% of your workforce spends half their day on non work-related tasks. But simply surveying your workforce for sentiment data once a year and getting a sleek report won’t give you the insights you need to avoid serious snafus. Focusing on performance can be a great motivator for your workforce, but it also can bring unintended consequences. E mployees raising a publicized stink with the union over your rewards.

Life Cycles and Compensation

Compensation Cafe

Compensation programs need to adapt to these different stages as companies grow and evolve. For example, compensation plans needed for start-ups are very different compared to those needed for mature companies. Let’s see how the various stages impact compensation. . Compensation : Salaries are limited as companies are not flush with cash. There is no formal compensation program. Compensation : There a rapid growth in the number of employees.

What Are #HR Analysts and Why Should You Pay Attention To Them

HR Bartender

Christa Degnan Manning is senior vice president of global workforce and talent strategies at HfS Research, a leading analyst authority and global network for IT and business services. The difference is the depth of the research, the speed of content delivery and where the author’s compensation ultimately comes from. What do you see as the top issue facing human resources in 2015? Christa] I believe the top issue is workforce strategy and planning.

The Win-Win of Leveraging Baby Boomers

China Gorman

Just as I wrestle with these questions, organizations are facing stiff headwinds on the talent pipeline front making workers like me critical components in workforce planning activities. We all know that workforce demographics are changing rapidly and many organizations are flummoxed when they try to get a picture of how to respond to this critical talent dynamic. What they want, what they can do, and the inordinate benefits of keeping them engaged in the workforce.

Boo! Four Scary Employee Engagement Situations to Avoid With Better Survey Data Analysis

Visier

Getting a great employee engagement score, but discovering that 15% of your workforce spends half their day on non work-related tasks. But simply surveying your workforce for sentiment data once a year and getting a sleek report won’t give you the insights you need to avoid serious snafus. Focusing on performance can be a great motivator for your workforce, but it also can bring unintended consequences. Employees raising a publicized stink with the union over your rewards.

Are Your Sales Compensation Plans Just Experiments?

Compensation Cafe

If the commission plan is well designed and a salesperson hits it out of the ballpark, what's the problem? It looked at the compensation plan of a large U.S. Even though most of the salespeople won’t exceed quota, the fact that a ramp rate exists still makes the plan motivating. They’ve also improved commission plan design because they can use analytics to estimate the consequences of what will happen if certain variables change.

Rising Wages: Time to Know Your Total Cost of Workforce (TCOW)

Visier

Changing Cost of Workforce: There Are Decisions to be Made. Walmart and Facebook are “marketing” to the workforce through their messaging and placing pressure on other organizations to match the pay and benefits offered or risk losing their people. HR is uniquely positioned in terms of its knowledge and understanding of the workforce and organizational requirements and dynamics. Know Your Total Cost of Workforce (TCOW).

What do Dead Horses Have to do With Compensation?

Compensation Cafe

For each business example, I''ve created one for how it might look in Compensation: 1) This dead horse is too big to fail. Compensation: A large, very expensive __ compensation study (fill in the blank) has taken six months so far with a lot of money spent and no end in sight. Compensation: In an effort to decide whether to offer tuition assistance you do a benchmarking study. In Compensation? . Compensation Philosophy Total Rewards

How to Manage Compensation Questions During Mergers or Aquisitions

Compensation Today

Executives make plans behind the scenes, contracts are drawn up and employees go on with their daily business completely unaware. Then all of the sudden, when the details are finalized and it’s set in stone, the workforce is given the word. Evaluate pay by location, band and position Compensation was one of the first pieces of the acquisition puzzle that we began analyzing during the rushed acquisition I was part of, and it will be one of the first things you’ll face as well.

The HR Leadership Revolution — Will You Thrive?

Visier

The workforce in the developed world and China is rapidly aging. Despite increasing automation, in the next 20 years there will be a serious shortage of skilled workforce everywhere. The changing workforce demographics require a more nimble and skilled approach to linking talent and business outcomes. Now more than ever, business leaders need strategic insight and the ability to model how workforce trends impact revenues and profits — quickly and accurately.

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How to Level the Playing Field For HR and Finance

Visier

A February 2015 study — conducted by Harris Poll on behalf of Visier — surveyed 301 corporate executives and revealed key traits that can help elevate HR’s profile in the business. A critical component of the modern CHRO’s arsenal is a detailed understanding how much the organization’s whole workforce really costs. With a TCOW, HR can deliver a very clear workforce plan and project where costs are going. It’s time to put HR on an equal footing with Finance.

CHRO 216

The Difference Between Being a Generalist and a Strategic HRBP

Something Different

Be it recruiting, employee relations, workforce planning, guidance of labor law and compliance, compensation review, performance management, training and development or any other number of responsibilities that fall under their umbrella, Generalists are very good at executing on the items currently on their people agenda. And being able to do short-term workforce planning (e.g.

How to Streamline Talent Management

ATD Human Capital

Many times, integration begins in the talent development function, with processes like performance management, succession planning, and onboarding working with HR processes like workforce planning, talent acquisition, and rewards and compensation. If you are a talent development professional, you may be experiencing a shift in what is expected of you in your organization.

18 Popular Articles for Strategic HR Pros: Your Back-to-Work Reading List

Visier

HR topics like workplace culture, compensation, and diversity often go viral. Workforce Planning: The War Room of HR , by Sylvia Vorhauser-Smith, Senior Vice President of Research at PageUp People, Forbes.com. HR News & Trends hr trends recruitment retention workforce analyticsAmazon’s alleged “bruising workplace.” Walmart’s boost to its minimum wage. Google’s focus on diversity.

Adobe 186

A Dozen Reasons The Netflix Maternity Leave Benefit May Be A Bad Idea

TLNT: The Business of HR

Unfortunately, the open ended-ness and the uncertainty of when the maternity/paternity benefit will be used makes workforce planning for a manager extremely difficult. Shareholders might not like it – Since the extra compensation is not related to performance, shareholders may view it as money not well spent. Unequal compensation issues – Employees that are less likely to have or adopt a child (i.e.

Pay Transparency Around The World

Compensation Cafe

Compensation professionals are beginning to grapple with how to define “transparency” in their companies and to get their arms around the clean-up work that will be necessary to make transparency successful. Local companies hide large portions of employee compensation. It’s the first time compensation has been made public, and it’s created quite an uproar. A new law for reforming the pay system is to take place by the end of 2015.

Why We Will All Love the New HR

Visier

But in a world where workforce costs dominate total operating expenses — averaging nearly 70% of costs — businesses can no longer afford to have HR take a backseat or keep to the status quo. . The Bureau of Labor Statistics has projected the need for over 1 million nurses in the workforce by 2022. An estimated 50 percent of the oil and gas industry’s workforce is set to retire in the next five to seven years, a phenomenon known as the Great Crew Challenge.

CHRO 159

The HR Leadership Revolution — Will You Thrive?

Visier

The workforce in the developed world and China is rapidly aging. Despite increasing automation, in the next 20 years there will be a serious shortage of skilled workforce everywhere. The changing workforce demographics require a more nimble and skilled approach to linking talent and business outcomes. Now more than ever, business leaders need strategic insight and the ability to model how workforce trends impact revenues and profits — quickly and accurately.

CHRO 150

5 signs your job architecture could be due for a rebuild (and why you might want to)

HR Times

and Lynda Phenix on August 12, 2015. It could also be that one organization’s senior manager performs duties akin to an operations manager in another, but the two are considered to be at different levels and compensated differently. When job titles and classifications proliferate without a clear understanding of the responsibilities associated with the job, the value of the job, or its place in the organization, accurate HR planning and reporting becomes next to impossible.

One of Those Newfangled Experiments

Compensation Cafe

He plans to keep his own pay at $70,000 until the company earns back the profit it had before the new pay scale practice. In my opinion one of the biggest reasons for all these new practices is the huge increase in Gen Y and Z in the workforce. Space doesn’t permit an in-depth discussion of how this conflicts with traditional Compensation principles. Base Salaries Compensation Communication Compensation PhilosophyNewfangled: Different.

The Big Freeze

Compensation Cafe

That is what we have the egg freezing plan for.". High tech employers are already doing a lot to ensure that their workforce’s primary focus is on productivity not distractions. Her expertise encompasses many areas of HR compensation, benefits and wellness, learning/development, strategic workforce planning and mergers and acquisitions. Benefits & Perquisites Compensation Philosophy No, I’m not talking about Boston’s weather this winter.

Let's Talk About Outsourcing

Compensation Cafe

HR/Compensation has outsourced administrative work for a long time: benefits administration, expatriate administration, HR service centers, hiring of low level jobs and other highly transactional work. Regardless of what the contract says, HR/Compensation is still accountable. Example: Recommendations made for Benefits may not be integrated with those for Compensation. It would have to be revisited every time there was a strategic change in the business plan.

What if We All Had the Same Salary?

Compensation Cafe

There are so many new compensation “experiments” going on these days it’s difficult to keep up with them all. Dan Price, founder and CEO of Gravity Payments, a credit-card payment processing company, plans to raise the salary of even the lowest-paid clerk, customer service representative and salesman to a minimum of $70,000. He plans to do this gradually over the next three years. Price’s move was born out of a desire to bring more income equality to his workforce.

What Do Dutch Windows Have To Do With Transparency?

Compensation Cafe

Many tech start-ups are into radical transparency laying out basic company information for their typically Gen Y workforce how much money investors have provided, how much everyone earns all the nuts and bolts of the business. “An It behooves Compensation to do a thorough analysis of all employees’ pay and: 1) Correct the true problems and. Base Salaries Compensation Communication Compensation PhilosophyHave you ever been to Amsterdam?

Pay Gaps and Transparency

Compensation Cafe

Her expertise encompasses many areas of HR compensation, benefits and wellness, labor law, learning/development, strategic workforce planning and mergers and acquisitions. Base Salaries Compensation Communication Let’s face it. I think we all agree that if we want pay transparency we’ll have to clean house. But let’s drill down and look at just what that means. As with most things, the devil’s in the details. Here’s one.

Time for Another Look at Wellness Programs

Compensation Cafe

Could a plan violate the ADA, even if it’s authorized by the ACA? The EEOC has been gathering comments from the public and is supposed to issue guidance on this question by the end of 2015. In her current role she works with start-ups and multinationals on both domestic and international HR issues including compensation, learning/development, talent acquisition, workforce planning and mergers and acquisitions.

The Total Cost of Your Workforce

Bersin with Deloitte

Most organizations have a limited view of their workforces in terms of both headcount numbers and costs. While HR typically reports headcount figures, the task of calculating the cost of the workforce is often left to Finance. Until recently, ConAgra Foods struggled to collect accurate data about its workforce. Neither system held all of the necessary costs or details for accurate planning, forecasting, and analysis. Figure 1: Total Cost of Workforce Taxonomy

The Total Cost of Your Workforce

Bersin with Deloitte

Most organizations have a limited view of their workforces in terms of both headcount numbers and costs. While HR typically reports headcount figures, the task of calculating the cost of the workforce is often left to Finance. Until recently, ConAgra Foods struggled to collect accurate data about its workforce. Neither system held all of the necessary costs or details for accurate planning, forecasting, and analysis. Figure 1: Total Cost of Workforce Taxonomy

The Reluctant HR Champion? It’s About Leading the Workplace Orchestra

TLNT: The Business of HR

Firms will struggle with the large numbers of people exiting the workforce and with the loss of the knowledge they will take with them. At the same time, workforces in developing countries are growing rapidly—but most of these workers lack the requisite skills. knowledge of staffing practices, understanding of compensation systems). For example, doesn’t workforce planning consist of people, data, and strategy?

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The Total Cost of Your Workforce

Bersin with Deloitte

Most organizations have a limited view of their workforces in terms of both headcount numbers and costs. While HR typically reports headcount figures, the task of calculating the cost of the workforce is often left to Finance. Until recently, ConAgra Foods struggled to collect accurate data about its workforce. Neither system held all of the necessary costs or details for accurate planning, forecasting, and analysis. Figure 1: Total Cost of Workforce Taxonomy

The Total Cost of Your Workforce

Bersin with Deloitte

Most organizations have a limited view of their workforces in terms of both headcount numbers and costs. While HR typically reports headcount figures, the task of calculating the cost of the workforce is often left to Finance. Until recently, ConAgra Foods struggled to collect accurate data about its workforce. Neither system held all of the necessary costs or details for accurate planning, forecasting, and analysis. Figure 1: Total Cost of Workforce Taxonomy

The Total Cost of Your Workforce

Bersin with Deloitte

Most organizations have a limited view of their workforces in terms of both headcount numbers and costs. While HR typically reports headcount figures, the task of calculating the cost of the workforce is often left to Finance. Until recently, ConAgra Foods struggled to collect accurate data about its workforce. Neither system held all of the necessary costs or details for accurate planning, forecasting, and analysis. Figure 1: Total Cost of Workforce Taxonomy

The Total Cost of Your Workforce

Bersin with Deloitte

Most organizations have a limited view of their workforces in terms of both headcount numbers and costs. While HR typically reports headcount figures, the task of calculating the cost of the workforce is often left to Finance. Until recently, ConAgra Foods struggled to collect accurate data about its workforce. Neither system held all of the necessary costs or details for accurate planning, forecasting, and analysis. Figure 1: Total Cost of Workforce Taxonomy

The Total Cost of Your Workforce

Bersin with Deloitte

Most organizations have a limited view of their workforces in terms of both headcount numbers and costs. While HR typically reports headcount figures, the task of calculating the cost of the workforce is often left to Finance. Until recently, ConAgra Foods struggled to collect accurate data about its workforce. Neither system held all of the necessary costs or details for accurate planning, forecasting, and analysis. Figure 1: Total Cost of Workforce Taxonomy

Lessons Learned in Multinational Pooling

Compensation Cafe

Usually these supplemental plans are insured: life, disability, retirement, etc. . Many large companies, however, adopt multinational pooling as a way to finance and have some control over supplemental plans. A company selects a pooler and purchases insurance plans for each country through the pooler’s network. Benefits & Perquisites International Compensation