A New Workforce Planning Model: Why Position Management Is Flawed

Visier

Given that people costs make up the largest chunk of the operating expenses for a typical organization, getting the workforce plan right is fundamental to good corporate fiscal health. As a best practice, workforce planning should be continuous. Organizational changes that are key to delivering the business plan. The Human Layer of Workforce Cost Management. Salary values are assigned to the 10 positions and that is the team’s total workforce budget.

How to Keep HR and Finance in Sync on Workforce Planning

Visier

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. When it comes to workforce planning, it’s just as critical that all the players involved are in sync. If HR creates a workforce plan that doesn’t square up with the budget that Finance sets, all their work is in vain. In the NFL, skilled wide receivers are often the star players on their teams.

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Developing a workforce plan to support strategic objectives

PI Worldwide

Employee Engagement & Retention turnover rate employee retention strategic workforce planning retention turnover data managementBy Elsbeth McSorley.

4 strategic workforce planning tips to grow your business

PI Worldwide

Employee Engagement & Retention People Data organizational growth strategic workforce planning metricsBy Jillian Phipps.

The Future of Workforce Planning

HR Daily Advisor

One of the best investments organizations can make toward the satisfaction of their employees is in workforce planning technology and process improvements. Workforce planning examines the entire employee lifecycle and determines how to best recruit, grow, deploy, optimize, and retain employees. Workforce planning minimizes the likelihood that employees, teams, and organizations will have their needs unmet.

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. 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.

Workforce planning strategies to meet the federal hiring freeze

HR Times

Posted by Wendy Freeman Carr , Ana Lapter , and Jonathan Bonniwell on March 30, 2017. Will the hiring freeze issued on January 22, 2017, by the White House be part of a longer-term strategy to reshape the federal workforce? How will a reshaped workforce impact agencies’ abilities to support operations and mission needs? While OPM and OMB are driving this plan, agencies should be proactively prepared to approach reshaping in a smart way.

Why Agile Workforce Planning is Key for Organizational Success

Visier - Talent Acquisition

In fact, 94% of business leaders and CHROs say that “agility and collaboration” are critical to their organization’s success, according to Deloitte’s 2017 Global Human Capital Trends report. This is supported by a critical element that is often overlooked: agile workforce planning. In short, to have a responsive workforce, the process that supports this (workforce planning) needs to be adaptable itself. Plan for an aggressive recruitment 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. But these systems — while they generate lots of data — are capable of not much more than operational reporting. Many HR teams have striven to put the data being generated by their HR systems to good use.

7 Ways to Improve your Hiring In 2017

Visier

Data from the U.S. Companies simply 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 customers. Now is a good time to take a look at your hiring plans and determine what has worked — and what hasn’t — when it comes to your recruiting efforts. Adopt a Data-Driven Mindset.

Successful Holiday Hiring Requires Workforce Planning, Positive Candidate Experience

Cielo HR Leader

Amazon made headlines last year with its plans to hire 120,000 employees for the holidays, and other retailers weren’t far behind. A 2017 CareerBuilder study found that across industries, 35% of employers expected to hire seasonal workers in the fourth quarter and 38% of top holiday jobs were in customer service. And turnover should always be a consideration for workforce planning.

Top Conferences for Talent Acquisition Leaders in 2017

Visier

The global economic recovery has moved power from employers to employees, turning talent into a seller’s market—and making the workforce a core strategic concern for the c-suite. RecruitCon 2017. When: May 11-12, 2017. When: June 26-28, 2017. When: September 26-27, 2017. This conference is designed for a diverse group of leaders in talent acquisition, recruiting, workforce planning, talent management, employment branding, and data analytics.

5 Ways Your HRMS Hinders Data-Driven Decision Making

Visier

Leaders across the organization recognize that making workforce decisions based on facts and data—instead of intuition alone—is a key route to increasing their impact on the business. Now, more than ever, business leaders need strategic insight and the ability to model how workforce trends impact revenue and profits — quickly and accurately. Because the answers to strategic business and workforce questions don’t live in transactional HR systems.

Data 196

Summer Reading 2017: 5 Popular HR Analytics Articles You Need to Read Today

Visier

As more organizations climb up the HR analytics maturity curve , we continue to see new success stories coming from data-driven HR leaders who strive to move the needle on business outcomes. Whether it’s a video game developer using analytics to make headcount predictions, or a social media giant using data to determine the ROI of a new parental leave policy, the common thread is this: evidence-based HR functions can drive organization-wide change.

6 Skills Every HR Technology Leader Must Develop Starting in 2017

Visier

Technology impacts all of us personally in how we communicate, make purchases, plan travel, find love, discover a great restaurant, or get a ride across town. Other HR practitioners are already beginning to ask themselves questions such as: How will engagement be impacted by robots joining the workforce? Innovative Reasoning Based on Data. The amount of data we collect is growing exponentially.

CHRO 248

Are You Planning For Your Future Workforce?

China Gorman

Accenture ’s strategy group has published an interesting look at the workforce of the future: Harnessing Revolution, Creating the future workforce. The report is full of good news like data presented that show workers being optimistic about the impact that technology will bring to their work life: “…instead of resenting technology, 84 percent report being excited about the changes it will bring.

Giving a voice to the voiceless with technology

The Aristocracy of HR

Featured HR Technology Sponsored Post Talent Management #TAOHR Ask Czarina Live Big Data CHRO Employee Sentiment Employee Surveys Employee Voice Giving a voice to the voiceless with technology HRIS Human Resources Janine N. Truitt Perception Retention Succession Planning Talent Think Innovations Technology The Aristocracy of HR Ultimate Software UltiPro UltiPro Perception Workforce Planning000020000010Campaign/FTC disclosure: This is a sponsored product review.

Bet Big on These HR Tech Conference 2017 Sessions

Visier

Here are some sessions at HR Tech 2017 we recommend to help with this: Tuesday, October 10. He’ll cover important digital topics on design thinking, data science, personalization, and new skills every HR leader needs today. . Transforming HR in a New World of Work: 2017 HR Transformation Survey Findings @ 4:00pm. You’ll also come away with strategies that will enable your team and processes to become more real-time, productive, agile and data-driven.

Bet Big on These HR Tech Conference 2017 Sessions

Visier

Here are some sessions at HR Tech 2017 we recommend to help with this: Tuesday, October 10. He’ll cover important digital topics on design thinking, data science, personalization, and new skills every HR leader needs today. . Transforming HR in a New World of Work: 2017 HR Transformation Survey Findings @ 4:00pm. You’ll also come away with strategies that will enable your team and processes to become more real-time, productive, agile and data-driven.

Bet Big on These HR Tech Conference 2017 Sessions

Visier

Here are some sessions at HR Tech 2017 we recommend to help with this: Tuesday, October 10. He’ll cover important digital topics on design thinking, data science, personalization, and new skills every HR leader needs today. . Transforming HR in a New World of Work: 2017 HR Transformation Survey Findings @ 4:00pm. You’ll also come away with strategies that will enable your team and processes to become more real-time, productive, agile and data-driven.

New Research: 2017 Workforce Analytics and Strategy Report

Lighthouse

We recently completed some very interesting research here at Lighthouse focused on workforce analytics and strategy, a powerful combination for today’s HR and talent leaders. Here’s a selection from the report : It seems we can’t turn around today with hearing about “big data” and “predictive analytics.” But who is really offering these tools, and what are their capabilities for supporting strategic workforce initiatives?

Developing a Talent Analytics Function: Build, Buy, or Borrow

Lighthouse

In addition, building a need for analytics usage is similar to building the business case for strategic workforce planning. If someone walks in with a “strategic workforce plan” in a binder, drops it on your desk, and forgets about it, then they have failed at their goal. When decisions of all types are filtered through the framework of evidence-based HR, it conditions the audience to always be looking for data to prove (or disprove) theory and conjecture.

Five Powerful Ways Your HR Team Can Leverage Big Data

SuccessFactors

The term “Big Data” seems mysterious to many HR organizations. Big Data describes the huge amount of data, both structured and unstructured, that people and systems are using. But only the data that affects business greatly on daily basis counts. Even so, this amount of data is usually so large that traditional software can’t analyze it. How people use Big Data for business. Data can actually make a big difference if used wisely. Planning.

Geo targeted jobs data show Amazon’s next smart home installation markets

Burning Glass Technologies

Now halfway through 2017, it’s time for Amazon to expand the smart home installation service. According to job posting data found within the Burning Glass Technologies’ software product line (up to June 2017), Amazon has published job postings in or near New York City (#1 MSA), Dallas (#7), Houston (#9), Miami (#10), Orlando(#19), Tampa (#21), Las Vegas (#30), and Austin (#34) so far this year.

Data 32

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. They conduct public opinion polling, demographic research, content analysis and other data-driven social science research.”. workforce. Each of these alone are fascinating topics and the data/analysis provided generate great food for thought and action.

Get Your Crystal Balls Ready, HR Data Ninjas

SuccessFactors

There is a way to avoid this continuing to happen… HR, it is time to embrace your inner Data Ninja! HR analytics and workforce planning. Effective workforce planning is more than understanding costs, hiring trends, and attrition. Although companies generally have useful workforce data distributed across the business, fewer than 22% of those surveyed by Harvard Business Review felt able to leverage this data.

Data Science and Analytics Skills Demand Increasing Across All Sectors

Burning Glass Technologies

Data Science and Analytics (DSA) technologies are having a huge impact on the economy, but some sectors are embracing DSA jobs and skills faster than others. The fastest-growing roles are Data Scientists and Advanced Analysts, which are projected to see demand spike by 28%. Companies need to prepare for the growing market forces and plan for possible disruption to their strategic goals if they have trouble hiring for the DSA demand.

Data 34

The Time for Data-Driven HR Is Now

TalentCulture

But today’s technology brings us something far more reliable on which to base the future of your company and the management of its most valuable resource: Big data. Data-driven HR is here, and the time to adopt it is now. Public companies that use data-driven HR methods, or “people analytics,” show 30 percent higher stock market returns than the Standard & Poor 500 index. But which data should you use, and how can you employ it to make the best hiring decisions?

Data 87

Delving Into Data

HRO Today

Three organizations share how they use people data and analytics to amplify business strategy. People analytics” has been a hot catchphrase in the business world for years, with data promising to revolutionize recruiting, talent management, and myriad other HR processes. But while organizations have embraced data collection and reporting, data analysis remains in its infancy for all but the most sophisticated companies.

Data 52

Merck KGaA: A Case Study for Organization-Wide People Analytics

Visier

Everywhere, applications are accessing data from a wide array of sources such as social media, credit cards, customer loyalty cards, smart metering systems, and personal aid devices – all for the purposes of data analysis. The company is also harnessing digitalization to drive innovation in the planning and management of one of its most important assets — its people. Instead of less reporting, they wanted increased use of data and analytics to drive workforce decisions.

Merck KGaA: A Case Study for Organization-Wide People Analytics

Visier

Everywhere, applications are accessing data from a wide array of sources such as social media, credit cards, customer loyalty cards, smart metering systems, and personal aid devices – all for the purposes of data analysis. The company is also harnessing digitalization to drive innovation in the planning and management of one of its most important assets — its people. Instead of less reporting, they wanted increased use of data and analytics to drive workforce decisions.

Merck KGaA: A Case Study for Organization-Wide People Analytics

Visier

Everywhere, applications are accessing data from a wide array of sources such as social media, credit cards, customer loyalty cards, smart metering systems, and personal aid devices – all for the purposes of data analysis. The company is also harnessing digitalization to drive innovation in the planning and management of one of its most important assets — its people. Instead of less reporting, they wanted increased use of data and analytics to drive workforce decisions.

It’s Time for a People Strategy Revolution

Visier

Yet the most commonly monitored HR metrics do very little to deliver true insight into the workforce. Luckily, the “datafication of HR” via people analytics has started a people strategy revolution, one where HR goes beyond basic metrics and delivers the workforce insights that make both HR and the business better. Being able to aggregate all of our workforce related data with business metrics is…a game changer for Ascension.”.

Why decluttering your employee data is so important

CheckPoint HR

Some companies are still trying to figure out how to streamline HR administration with payroll technology, which leaves little time for more strategic initiatives like workforce planning and employee engagement.

It’s Time for a People Strategy Revolution

Visier

Yet the most commonly monitored HR metrics do very little to deliver true insight into the workforce. Luckily, the “datafication of HR” via people analytics has started a people strategy revolution, one where HR goes beyond basic metrics and delivers the workforce insights that make both HR and the business better. Being able to aggregate all of our workforce related data with business metrics is…a game changer for Ascension.”.

Burning Glass Talent™ Mines the Data Employers Need to Match Hiring With Strategy

Burning Glass Technologies

New Burning Glass Technologies product guides firms in making data-driven decisions to improve their workforce. BOSTON—Burning Glass Technologies announces the release of Burning Glass Talent™ , the first workforce planning solution using real-time labor data, empowering companies to make data-driven decisions in a dynamic labor market. In a constantly changing environment, effective workforce planning is increasingly critical.

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. The Era of Workforce Analytics. The desire to explore the relationships between metrics and know with certainty what levers are pulling workforce trends has ushered in the era of Workforce Analytics (a.k.a. ‘HR

Entelo's Guide to ERE Fall 2017 in Minneapolis

Entelo

ERE Fall 2017 kicks off today in lovely Minneapolis, Minnesota. A little preparation can go a long way and with so much going down at ERE, arriving with a plan of action ain’t nothing to sniff at. The Guthrie Theater - With live productions of the classic, Romeo & Juliet, and the modern drama, Watch on the Rhine, slated for the week of ERE, any theater lovers will well-served at the award winning-Guthrie during ERE 2017. Recruiting and HR conference ERE 2017 Minneapolis

3 Ways Professional Services Firms Can Prosper

Workday

With the release of Service Performance Insight’s “2017 Professional Services Maturity Benchmark,” it’s clear the professional services industry continues to face challenges. Both revenue and headcount growth continue to decline while workforce attrition is increasing. Per the benchmark study, careful investments in workforce planning, employee engagement, and talent-driven innovation are distinguishing top performing professional service organizations.

See Burning Glass Technologies Solutions at HR Tech 2017

Burning Glass Technologies

We’ll be showing off the latest Burning Glass Technologies solutions for human capital management at the HR Tech 2017 Conference this week—including how Cisco Systems is using our real-time labor data to make talent decisions. In A Data and Skills Driven Strategy: Cisco’s Talent Cloud Empowering the Optimal Workforce , Cisco will discuss how big data analysis of millions of job postings, powered by Burning Glass technology, allows the company to stay ahead of its skills needs.