4 strategic workforce planning tips to grow your business

PI Worldwide

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

Impress Your CEO With These Strategic Business Impact Recruiting Metrics

Visier

It’s also important to understand that you can’t impress a CEO with a large volume of tactical recruiting metrics. Instead, you must focus on metrics that demonstrate a direct impact on what CEO’s really care about, the firm’s strategic goals. Workforce planning.

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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.

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. Recommended Read: Why Connecting Workforce Outcomes to Business Outcomes Matters ].

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How To Reduce Employee Turnover with Workforce Analytics

Visier

With voluntary resignations at an all-time high and unemployment rates historically low, employee retention is a key objective for most HR organizations, and employee turnover is the single most prevalent HR metric. The Era of Workforce Analytics. Impact on Business Metrics.

3 HR Talent Metrics You Should Start Tracking Today

Namely

Here are three metrics you can start tracking today: Quality of Hire Acquiring top talent is no simple task. The Quality of Hire metric is a quick index on a new hire’s adjustment, acclimation, and performance since joining the company. To define this metric you’ll need to establish success criteria—this could be how well a new hire fits with your culture, performs, or exhibits the required competencies, for example. The field of human resources is changing.

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. And because of that mundane reaction, when CEO’s read our metrics they certainly don’t take any action.”.

How HR Can Use Metrics And Data To Speak The Language Of Business

SuccessFactors

During a recent customer visit, Peter Howes, vice president of Workforce Planning and Analytics at SAP SuccessFactors, compared analytics to mining. If high-level metrics are like seismic surveys, then data segmentation is like test drilling.

Power of Pods: Teamwork in the Workplace

DATIS

In fact, in a recent Workforce Management Trends survey , executives identified communication barriers, siloed information, and a lack of cross-functional talent as the top three deterrents to cross-departmental collaboration within their organization. Workforce Management

How to Measure Learning and Development’s Business Impact

Visier

While you focus on training scores, learning retention, trainer assessments, etc, the business will be thinking about revenue, profit, customer satisfaction, same store sales, cost per unit, return on capital, and many other metrics.

How to (Really) Get to Workplace Satisfaction

AvilarHR

With the rapid acceleration of technology evolution, globalization, and the changing demographics of tomorrow’s workforce, employers must make optimizing their workforce a priority if they want to remain competitive. Workforce Optimization: What is It, Exactly?

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.

How Foot Locker Can Reduce Employee Turnover with Workforce Analytics

Visier

With voluntary resignations at an all-time high and unemployment rates historically low, employee retention is a key objective for most HR organizations, and employee turnover is the single most prevalent HR metric. The Era of Foot Locker Workforce Analytics. Impact on Business Metrics.

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. Because the answers to strategic business and workforce questions don’t live in transactional HR systems.

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Five Organizations Recognized for Next Practices at i4cp's 2017 Conference

i4cp

Ford, Intel, Cigna, Ingersoll Rand, and BlueCross BlueShield of Tennessee recognized with i4cp’s Next Practice Awards Five leading organizations were recipients of i4cp's 2017 Next Practice Awards in recognition of their implementation of outstanding innovations and achievement in the advancement of people practices. The winners were announced today at the i4cp 2017 Conference: Next Practices Now , in Scottsdale, Arizona.

Is HR an Art or a Science?

WorkHuman

Is HR more about squishy, feel good moments or the cold, hard metrics behind the madness? I’ve been doing a lot of strategy work as well for the last 16 years in organizational design and development, workforce planning, and executive coaching.

The Secret to Small Business Growth? Invest in Your Employees

Cornerstone On Demand

It's one of the great fallacies of small business HR planning : diminishing talent management to its simplest, "paper-pushing" processes in order to flatten management and save money. Find an HR partner that understands your corporate vision and work together to create an actionable workforce plan that ensures both short- and long-term success. 2) Create a Performance Management System You know your business plan cold; you can recite the figures off the top of your head.

How to Measure Learning and Development’s Business Impact

Visier

While you focus on training scores, learning retention, trainer assessments, etc, the business will be thinking about revenue, profit, customer satisfaction, same store sales, cost per unit, return on capital, and many other metrics. Your industry, and your company, will have their own core business metrics and it is important to understand what they are, and why they matter. Recommended Read: Why HR Needs Data-Driven Workforce Planning to Avoid Talent Shortfalls.

Using people analytics to get to High-Impact HR

HR Times

Posted by David Fineman on August 3, 2017. Without accurate data, metrics and operational reporting may as well not even exist. These limitations can make interpreting metrics difficult for key stakeholders and those who use the insights gained from the reports to make decisions.

Is your contingent workforce program becoming obsolete?

Bersin with Deloitte

Posted by Brian Proctor , Kathryn Charlton , Dana Flynn-Rea and Dave Yerks on October 4, 2017. 1 But, even if you think your contingent workforce program has been up and running efficiently, it’s important to revisit it regularly.

Infographic: 11 Human Capital Metrics to Build Top Talent Effectiveness

i4cp

leadership development, performance management, engagement, and workforce planning). In advance of the June 27 kickoff meeting, we’ve compiled 11 human capital metrics to build top talent and succession effectiveness, informed by our research, input from the i4cp People Analytics Board , and Board chair and ROI Institute president, Patti Phillips.

2018 Trends to Watch: 6 Trends That Will Impact Employers

HR Daily Advisor

As 2017 comes to a close and the talent landscape continues to evolve, Randstad US released its expert analysis on hiring and workplace trends for the next year. Agile and flexible workforce models will expand.

6 Things We Need to Do to Advance People Analytics

Visier

across all industries–to a more than 44% reduction in critical talent resignations to a $1-$3 million improved profit margin due to better workforce planning. Do you want to know if internal or external management consultants are used to implement workforce analytics and planning?

Is your contingent workforce program becoming obsolete?

HR Times

Posted by Brian Proctor , Kathryn Charlton , Dana Flynn-Rea and Dave Yerks on October 4, 2017. 1 But, even if you think your contingent workforce program has been up and running efficiently, it’s important to revisit it regularly. Talent & Learning Workforce Analytics

Using people analytics to get to High-Impact HR

HR Times

Posted by David Fineman on August 3, 2017. Without accurate data, metrics and operational reporting may as well not even exist. These limitations can make interpreting metrics difficult for key stakeholders and those who use the insights gained from the reports to make decisions.

Avoid Holiday Retail Worker Shortfalls with What-If Analyses

Visier

According to the Bureau of Labor Statistics , there were 802,000 retail job openings across the US in August 2018, which is 100,000 more than in August 2017, and 141,000 more than in August 2016. Talent Acquisition Workforce Planning

Outplacement Process: 10 Things to Look For From Your Provider

Careerminds

Look for a provider that is willing to be innovative to meet your needs and has the ability to ebb and flow with your succession and workforce plan. Proof Points: What metrics can the outplacement provider supply?

Your Guide to HR Career Paths

Namely

With a one-person HR team, administrative duties often take priority over strategic initiatives, like employee experience, workforce planning, or company culture. The HR Data Analyst tracks metrics throughout the talent lifecycle to inform better processes.

Upping your game: From functional experts to business advisers

Bersin with Deloitte

Its first step was to develop a learning measurement and evaluation charter that defined the factors critical for capturing learning data: a consistent framework, prioritized metrics, standardized data, a data governance processes, tools, and technology. Capturing line-of-sight metrics.

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#SEanalytics Symposium Mission Critical Analytics

Strategic HCM

I'm chairing Symposium's Mission Critical Analytics conference next week too.

People Analytics: We Aren’t in the Curiosity Business

i4cp

The objective of this six-part series is to strengthen and advance core competencies in workforce analytics across all four of i4cp’s exclusive member Exchanges ; practitioner working groups focused on performance management and engagement, executive and leadership development, strategic workforce planning, and workforce analytics.

Upping your game: From functional experts to business advisers

HR Times

Its first step was to develop a learning measurement and evaluation charter that defined the factors critical for capturing learning data: a consistent framework, prioritized metrics, standardized data, a data governance processes, tools, and technology. Capturing line-of-sight metrics.

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HR TechStack – Performance Tracking

WhoKnows

There is a lot of software & cloud based apps for modern workforce, at WhoKnows we have handpicked 68 most popular, widely used & recognized vendors in the market. ADP Workforce Now. Kronos Workforce Ready. Kronos Workforce Central. Performance Tracking Tools.

A Talent Map for the Future

i4cp

But it’s what HR leaders must do daily—forecast workforce needs, and anticipate new technologies and talent trends that will shape how the organization does business. 2 to attend his workshop, “Enabling Agility with HRBPs and Workforce Planning,” hosted by Dow Jones. Or plan to allocate fewer resources to areas where business is not as robust? Predicting and preparing for what lies ahead is a tough job.

Healthcare’s Looming Talent Troubles

HRExecutive

healthcare labor market analysis from Mercer compares future supply and demand of workers to project workforce availability across 50 healthcare occupations through 2025. These high-growth jobs will likely have gaps in demand and supply of workers,” said Jason Narlock, senior consultant, Workforce Strategy and Analytics at Mercer, in a company statement. Mercer recommends employers should: Understand full exposure to potential workforce risks – both external and internal.