How to Keep HR and Finance in Sync on Workforce Planning

Visier

Wide receivers are known for their speed – with 40-yard-dash times that compare well to track athletes. Before the catch, the receiver typically runs a pre-planned route on the field to escape coverage from the defensive team and get into an open space for the catch.

Workforce Planning Collaboration: The Talent Acquisition and HR Partnership

Visier

But there’s a case to be made that workforce planning is the one process that creates the highest level of risk for the organization if stakeholders don’t work together adequately. Finance passes the ball to HR , and HR uses their workforce expertise to refine the plan.

A Guide to Strategic Workforce Planning

Analytics in HR

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.

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.

Unlocking the Benefits of Workforce Planning

Acendre

Great talent, and the organizational success that follows from it, are almost always the result of careful planning. common sense that workforce. the benefits that planning deliver or there are problems in execution. benefits of workforce planning. planning process.

Top 5 HR Analytics Articles: Fall 2016 Edition

Visier

However, while more and more HR leaders are spearheading the adoption of workforce intelligence at their organizations, they also have this critical question in mind: Once we have an HR analytics function and solution in place, how do we take full advantage of it?

Unlocking the Benefits of Workforce Planning

Acendre

Great talent, and the organizational success that follows from it, are almost always the result of careful planning. common sense that workforce. planning is the key to ensuring you have the right talent in place and plans for ensuring you always have the skills and competencies necessary for organizational success. the benefits that planning deliver or there are problems in execution. benefits of workforce planning. planning more carefully.

5 Must-Read Talent Acquisition Articles of 2016

Visier

This was a recurring theme that we saw in 2016, and thanks to analytics , Talent Acquisition has graduated from a simple candidate filling function to a strategic arm that has a direct correlation to an organization’s bottom line. Talent Acquisition has re-invented itself.

Workforce Planning to Defend Your Agency’s Budget

Acendre

To obtain additional funding to respond to these challenges, you’ll have to come up with proposals that say more than “We need more money because, well, we really need it.” ” Fortunately, through modern workforce planning and analytics solutions , you can defend budget proposals with precise data which directly speaks to ROI-benefiting outcomes. You’ll advance strategic planning through optimal forecasting and risk mitigation.

Innovative HR and Why Technology Innovators Can’t Survive Without It

Visier

90% of technology CEOs are confident about their revenue growth in 2016 , according to PWC’s 19th Annual Global CEO Survey. When companies fail to improve in these areas, it doesn’t just affect their workers — it jeopardizes business results as well.

How Improving HR’s Analytics Capability Prevents Chaos Over New Overtime Rule

Visier

The rules around overtime work have been largely unchanged since 2004 , but in May 2016 the U.S. The regulation comes into effect on December 1, 2016, giving organizations only six months to adjust their pay practices and employee classifications. How can we optimize workforce costs?

6 Training Ideas for a Smoother HR Technology Rollout

Visier

If users feel frustrated and uncertain while using a new tool, such as a workforce intelligence (WFI) solution , they may return to the old methods of figuring out their HR data despite how antiquated or cumbersome they are. Planning and communication were key to success.

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. . Failed to Plan? In the past, HR has been unable to do this well.

How Workforce Analytics Helps Prevent Another Bad Hire

Visier

The consultant created a candidate scoring process that promised to identify which candidates would stay and perform well long-term. What led to improvements was a proper workforce intelligence solution that showed the end-to-end results of the hiring process.

Are you pushing the limits on your labor?

The Aristocracy of HR

Each of these components serves a different and essential purpose to your workforce planning. Compliance Featured Human Resources Talent Management Worker Classification Workforce Planning #TAOHR Are you pushing the limits on your labor?

HR’s New Year Resolution: Move Up the Workforce Intelligence Maturity Curve

Visier

While workforce analytics and workforce planning are increasing in priority , most organizations have not progressed to take advantage of the opportunity that workforce data provides. Annual headcount planning occurs in spreadsheets.

The Rise of the People Strategy Platform

Visier

As BCG captures well in their paper, When people strategy drives business strategy : “Developing a people strategy was once a straightforward matter of figuring out how to create the best possible workforce to execute an already defined business strategy.

The Rise of the People Strategy Platform

Visier

As BCG captures well in their paper, When people strategy drives business strategy : “Developing a people strategy was once a straightforward matter of figuring out how to create the best possible workforce to execute an already defined business strategy.

Identifying the HR Disruptors for 2016

Asure Software

According to Deloitte’s HR Technology for 2016:10 Big Disruptions on the Horizon , more than 40% of all companies are replacing, or plan to replace, their core HRMS systems. There’s greater emphasis on employee wellness, welfare and productivity systems.

How To Reduce Employee Turnover with Workforce Analytics

Visier

However, knowing your turnover rate does little to support strategic business plans. HR, with its understanding of human capital dynamics, is uniquely positioned in the organization to ensure the workforce is aligned with the needs of the business at the optimal cost.

What Happens When Robots Get All the Jobs?

HRExecutive

Automation could well lead to massive numbers of people with no employment opportunities, with societal upheaval sure to follow. It’s not just Bernie Sanders supporters who may find this appealing: The idea has support among some conservative economists as well, he notes.

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Big, Bad Data: How Talent Analytics Will Make It Work In HR

TalentCulture

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.

The 4 C’s of Quality of Hire

Visier

The ability to integrate hiring data with individual and team performance data, as well as with other talent management data, is an incredibly important element to understanding whether or not you are getting real value from your new hires.

Why People Strategy is Critical to Government

Cornerstone On Demand

It is critical that agencies manage talent well in order to achieve their missions. 70 percent of government agencies rely on informal methods for workforce planning, including handwritten notes, white boards and blank spreadsheets. It would be hard to find anyone in government who doesn’t believe that. So, why is it that many government agencies are so out of the loop when it comes to their people strategy?

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. Workforce Intelligence 101 recruitment

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Why Banking On Your Workforce Boosts Business Results

Visier

Constantly changing regulatory and remuneration policies , as well as post-recession restoration pressures, are making it difficult to attract and retain key people in the financial services industry (FSI). Intelligent, fact-based planning is essential to mitigating this problem.

#HRanalyticsLDN - Social Analytics and Digital Transformation at AXA

Strategic HCM

The solution to this needed to be strategic workforce planning using quantitative and qualitative diagnosis around FTEs, skills, culture change etc. Skills development was a big part of this as well, which wasn't just about technology skills. Workforce planning

That State of American Jobs and Workers

China Gorman

While I was browsing the internet looking for some economic data, I came across this 2016 report from the Pew Research Center: The State of American Jobs. workforce. Well, I couldn’t stop scrolling forward.).

Build vs. Rent: Don’t Crash on the Do-It-Yourself Iceberg for Workforce Intelligence

Visier

“Build vs. Rent” is a common dichotomy in technology buying, but what does it mean when applied to workforce intelligence? Building your Workforce Intelligence Solution. Recently, I learned about a large software organization’s quest to build a workforce analytics solution.

The Difference Between the PHR and SPHR Exams

UpstartHR

With both of the exam pass rates hovering around 50% (54% PHR, 53% SPHR), it’s critical to make sure you understand the requirements of each and develop a proper plan for preparing. Develop, implement and evaluate the succession planning process.

3 Ways Workforce Intelligence Enables Better Workforce Risk Management

Visier

No business is immune to risk, especially when it comes to its workforce. According to PWC’s 2016 Global CEO Survey , 79% of CEOs are most concerned about over-regulation. Well, in this case: HR! on December 1, 2016. How can we optimize workforce costs?

Understanding the Employee Engagement Survey Provider Landscape: A Guide to the 6 Vendor Types -

Decision-Wise

They also work well if the organization has enough staff to run the process internally and enough time to learn how to use the software platform. These platforms work well in environments where all employees have corporate email accounts and managers are committed to use the system.

5 Things to Know About The Yelp Employee Who Got Fired Complaining About A Living Wage in San Fran.

The HR Capitalist

The company has some responsibility here as well. It's called workforce planning - put a call center in Detroit and do some civic good. . I've always said you can do 70% of the terms you want to do under this policy if it's written well.

How to Be a Respected and Successful CHRO

Visier

Most firms deal with these problems by looking at last year’s outcomes, some degree of guessing, or simply gut feel, as well as a lot of financial buffering to ensure that the bottom line is not exposed. In addition, spreadsheets become the central means of planning.

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5 Benefits of a Data Driven Recruitment Strategy

Workology

Recruiters who use big data to power their efforts are more likely to perform well and reduce the costs compared to those who don’t use it — a data driven recruiting strategy is crucial to any business that wants to stay competitive. .

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10 Workforce Intelligence Cures for Improving Nurse Retention

Visier

Healthcare has long been a highly regulated industry with a diverse and specialized workforce — one that’s hard to hire and even harder to retain at the best of times. Stay on top of how workforce dynamics, such as resignations, are impacting your patient readmission rates.

5 Benefits of a Data-Driven Recruitment Strategy

Workology

Although overall job gains have slowed, according to 2016 JOLTS (Job Openings and Labor Turnover Survey) there continues to be more job openings than hires being made. Recruiters need a clear vision of hiring plans to help them determine when is the right time to hire talent.

Data 97