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Workforce forecasting: what it is and how to predict future needs

Homebase

Workforce forecasting example: Let’s say you own a restaurant and the holiday season is approaching. Based on historical data, you know that this time of year tends to be bustling with customers. Using workforce forecasting, you can analyze factors like past sales, reservations, and upcoming events to estimate the increased demand.

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People Analytics and HR-Tech Reading List

Littal Shemer

First published: May 14th, 2018. If you are interested in additional free resources for data science and R programming, check the comment section of this post. “Technology, data analytics, and artificial intelligence already impact how people work and engage with organizations. Last update: October 10th, 2022.

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

Visier

Editor’s note: This popular post has been updated with new data and information to ensure you’re ready for the talent demands of today and the future. 87% of technology CEOs are confident about their revenue growth in 2018 and 93% over the next three years , according to PWC’s 21st Annual Global CEO Survey. The good news?

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Data & People Analytics: A WorkHuman 2018 Recap

WorkHuman

Many other fields are leveraging the power of data. And now, HR leaders are investing heavily in programs to utilize data for all aspects of workforce planning, talent management, and operational improvement. As a result, turnover decreases, leading to a higher return on investment from your talent.

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10 HR Challenges and How to Overcome Them

Intoo USA

Strategic workforce planning can help human resource management teams navigate these HR challenges. In fact, the 2018 Global Leadership Forecast, which integrated data from 25,812 leaders and 2,547 HR professionals across 2,488 organizations, found that having a formal mentorship culture lowers turnover by 20%.

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10 HR Challenges and How to Overcome Them

Intoo USA

Strategic workforce planning can help human resource management teams navigate these HR challenges. In fact, the 2018 Global Leadership Forecast, which integrated data from 25,812 leaders and 2,547 HR professionals across 2,488 organizations, found that having a formal mentorship culture lowers turnover by 20%.

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New Bureau of Labor Statistics (BLS) Data – What does it mean for HR? (i4cp login required)

i4cp

About the data The latest U.S. Bureau of Labor Statistics (BLS) data was released last week. This included the JOLTS (Job Openings and Labor Turnover Summary) data and The Employment Situation report. The JOLTS data is current through November (preliminary), while the employment data is for December 2023 (preliminary).