Workforce Planning 101 [Infographic]

Visier

As Vice President of Workforce Management Practice and Principal Analyst at Brandon Hall Group Mollie Lombardi wrote in this Workforce Planning blog post last year: “Workforce planning is tricky business. Not just because of the complexity entailed in the process, but because if you ask four people what workforce planning is, you’ll likely wind up with five definitions.”. So, what is Workforce Planning?

Automated Workforce Planning: Tactical or Strategic?

China Gorman

An organization’s workforce is also, however, its most expensive asset, and workforce management (the development of employees, retention of skilled talent, etc.) Automated workforce management solutions can also help to reduce unplanned overtime.

5 Steps to Avoid Talent Shortfalls Using Data-Driven Workforce Planning

Visier

a big postwar question, and ushered in an era of new revolutionary practices, such as coaching, job rotation, 360-degree feedback, high-potential tracks, and succession planning. Companies with poor workforce planning were at risk of going out of business or being sold off.

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. Improving HCAHPS Scores with Data-Driven HR. Navigating Nurse Retirement with the New Workforce Planning.

CSI for HR? Test the Workforce Planning Waters Today With This Forensic HR Template

Visier

With these statistics as an indicator, I would wager that updating data and tactical employee management tasks often get in the way of more strategic work, like tying talent to business results. Make Workforce Planning a Regular Habit.

The Role Of HR Analytics In Workforce Planning

Get Hppy

An unprecedented increase in job openings shows that the demand for talent is forcing companies to plan better and recruit better. Companies cannot hire fast enough to keep up with their workforce demands.”. The challenge of workforce planning.

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.

5 Must-Attend HR Industry Events in 2015

Visier

2015 is going to be a pivotal year for HR, in particular as debate heats up about splitting or not splitting HR (Dave Ulrich advocates for teaching HR professionals “what they can do to deliver value even in difficult circumstances”). Where: NCHRA HR West 2015 conference in Oakland, CA.

Tackling Talent Strategically: Q&A With Harvard Business Review Analytic Services

Visier

The majority of leaders (73 percent) have experienced talent shortfalls due to poor workforce planning, according to a new report released by Harvard Business Review Analytic Services (HBR-AS). HBR-AS: How can companies shift the workforce discussion to focus on business requirements?

Visual Storytelling for HR: Are Infographics or Data Visualizations the Keys to Success?

Visier

Sometimes when people think they may need an infographic, they actually need a data visualization. So, how do you know when you need an infographic and when you need data visualization? Check out this example of an Infographic, which provides a “101” lesson on Workforce Planning.

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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. Now, how does one do this with data in two or more separate, incompatible HRIS systems of record?

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.

Five Must-Attend #HRTechConf 2015 Sessions

Visier

Here is a list of five must-attend HR Tech sessions for 2015 that promise to give you real, actionable tips you can use as a strategic HR professional: #1. Keynote: Data-Driven Strategies for Revitalizing Engagement and Performance Management Monday, October 19th at 8:45 a.m.

The Use of Data Science in HR

Something Different

Businesses are certainly clamoring for more data-driven insights from their HR departments… but entrusting these responsibilities to those in HR that don’t understand how to effectively use data and analytics can adversely impact the business.

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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. Provide Support for Retirement Planning.

8 Things To Consider Before Building a Workforce Planning

NGA Human Resources

Workforce planning is a key element to your business success. It has become increasingly important for organizations over the last several years, helping manage an agile workforce in a volatile world. I F YOU FAIL TO PLAN , YOU PLAN TO FAIL.”.

Visual Storytelling for HR: Are Infographics or Data Visualizations the Keys to Success?

Visier

Sometimes when people think they may need an infographic, they actually need a data visualization. So, how do you know when you need an infographic and when you need data visualization? Check out this example of an Infographic, which provides a “101” lesson on Workforce Planning.

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What Works in Workforce Planning and Retention

WhoKnows

Workforce Planning – Key to Competitive Advantage. Most business leaders lack the visibility to predict future workforce needs and most HR professionals lack the right tools to provide insights on data-driven workforce questions. And if HR can’t provide smart data, they’ll not only lose credibility – they may lose their jobs. In most companies, total cost of workforce averages near 70% of operating expenses. The problem is not a lack of data.

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. They then take the data from their research use it to provide an educated analysis about what the data means.

HR Happy Hour #201: Putting the Fun Into Analytics

HR Ringleader

A few weeks ago, Steve and I had the opportunity to record a HR Happy Hour episode with Mike Psenka, SVP of Workforce Solutions at Equifax and Edward Pertwee, Strategic Workforce Consultant at BT. We had just conducted a panel discussion on how to leverage data and analytics for HR and organizational success.

Why Data is the Key to Strategic HR Decisions

Visier

Historically, many issues arose from lack of data. Workforce analytics are now better than ever, but organizations need to properly access them, align their information with decision-making, and act accordingly. And then there’s all this data. Adding Data into the Mix.

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BJ’s Gets Boost to Promote from Within

HRExecutive

Managers couldn’t get real-time access to data on their employees fast enough to make the decisions they had to make to send worthy candidates up the ladder and “back-fill” the old positions, Loy said. HR profession succession planning talent management workforce planning

What the Talent Lifecycle Looks Like in a World “Beyond Employment”

Cornerstone On Demand

The best place to start is with the familiar: The standard talent lifecycle of 1) workforce planning, 2) sourcing talent, 3) selecting talent, 4) developing talent, 5) rewarding work and, eventually, 6) ending the company-worker relationship. Step 1: Workforce Planning.

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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. Successful CHROs are: Data-Driven. Have an Informed Point of View on Workforce Cost Concerns.

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How to Level the Playing Field For HR and Finance

Visier

Still, because people are hard to define only by numbers, CEOs want the CHRO to be a strategic talent advisor who can also speak the language of the business with hard data. According to the survey, the sought-after HR leader is: Data-Driven.

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Big Data’s Importance to HR Field Grows

Oracle HCM - Modern HR in the Cloud

HR and benefits professionals need to start using big data to move their own departments and their companies’ end goals forward. You have to have data to make good decisions,” he stressed. Still, added Bollinger, people who use data to go with their gut do better than those who do not.

HR Delegation to Cuba

China Gorman

We plan to meet with government officials, HR and other leaders in a variety of settings to learn and discuss: How individuals entering the workforce in Cuba are prepared through training and education. How Cuba’s planned economy conducts its workforce planning activities.

Talent Analytics Key To Unlocking Big Data’s Power

TalentCulture

Here’s a fact I find fascinating: research from IBM shows that 90% of the data in the world today has been created in the last two years alone. For HR, there’s a gold mine of Big Data. It’s worth noting that driving the need for an improved user interface, access, and speed is the nature of the new talent surging into the workforce: people for whom technology is nearly as much a given as air. Companies also want: • Data security. Data privacy.

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, get the C-suite’s attention by keeping the bottom line in mind

Achievers

McClure spoke at Achievers Customer Experience 2015 about “Getting the C-Suite’s Attention: 7 Strategies for Transforming from HR Leader to Business Leader.” HR leaders must learn to speak to business executives in terms of strategic direction, planning, problem solving and – more than anything else – in terms of money and finances. Be prepared to present data and sell workforce planning and human capital ideas based on how they will help the business and support business strategy.

What Do You Know About the Hourly Workforce?

China Gorman

percent of the United States workforce. Yet there is little data to be found about the hourly worker. The segment is so ignored that even the monthly unemployment report doesn’t categorize the workforce by salary vs hourly.

Finding the Right HR Datafication Solution: The 5 Most Important Questions You Need To Ask

Visier

If you are looking for a technology solution to transform your HR department into a data-driven decision-making entity, then you are facing the same type of highly complex and highly critical decision as buying a home. Can workforce answers be found and understood without instruction?

The Best Way to Prove the Worth of the Talent Function

Visier

Great HR leaders understand this and can demonstrate how workforce dynamics impact business outcomes. However, new survey data released by Harvard Business Review Analytic Services reveals that reality falls far short of this objective for HR leadership.

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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. . According to a 2015 study by the Federal Reserve Bank of St. Failed to Plan?

The HR Fortuneteller Myth: 3 Ways Your Boss Doesn’t “Get” Predictive Analytics

Visier

And while absolute certainty is never possible, predictive analytics can help organizations look at past workforce behavior to determine what is most likely to happen and plan accordingly. However, to actually turn insights into outcomes, they require access to the right data.

The Digital HR Revolution

New to HR

The new on demand workplace is “ a more sophisticated approach to managing all aspects of the workforce, including the hourly, contingent and contract workforce, ” according to Deloitte’s 2015 Human Capital Trends Study. The rising influence of HR data.

5 Benefits of a Data-Driven Recruitment Strategy

Visier

Companies cannot hire fast enough to keep up with their workforce demands and competition is fierce for those high potential people who will deliver innovative solutions or go above and beyond for your customers. Second, the data is siloed. What Data-Driven Recruitment Looks Like.

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