Remove 2022 Remove Data Remove Retention and Turnover Remove Workforce Planning
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Overstaffing: Why It Happens and How To Avoid It in 5 Steps

Analytics in HR

Unpredictable economic conditions : In times of economic uncertainty, such as market downturns, companies often face the challenge of balancing their workforce to align with business needs. For instance, Meta had more than 80,000 staff in September 2022. Align training programs with changing roles or project demands.

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UKG Solution Demand Drives Outstanding Second-Quarter Fiscal 2023

UKG

A 300% increase in users of UKG Wallet , which offers earned wage access, budgeting tools, financial literacy and counseling, and peer-to-peer payments that UKG customers say is a significant recruitment and retention tool.

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

Visier

Companies with poor workforce planning were at risk of going out of business or being sold off. As a result, almost all large companies dedicated an entire department to workforce planning, and HR played a powerful role. Today HR has the opportunity to enter the spotlight again as a leader in workforce planning.

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Why HR Needs Data-Driven Workforce Planning to Avoid Talent Shortfalls

Visier

One fascinating source of information that the BLS publishes is known as JOLTS , or Job Openings and Labor Turnover Survey. We are in an unprecedented war for talent: companies cannot hire fast enough to keep up with their workforce demands. Today, HR has the opportunity to enter the spotlight again as a leader in workforce planning.

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Dynamic workforce planning strategies for market ups and downs

Bob

Workforce planning has never been trickier. By embracing a dynamic workforce planning strategy supported by appropriate workforce management tools, you can prepare for the ups and downs to come. Formulating an ever-ready business strategy lies in supporting an agile, people-focused, and fluid workforce.

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Rising retention: Why it may not be all good news for employers

HRExecutive

Advertisement - Recent data from the U.S. in September for the third straight month, under the impressive 3% peak in April 2022, according to the DOL. To mitigate that risk, they say, leaders need to have a handle on engagement metrics and prioritize strategic workforce planning. from 3.8%, it remains historically low.

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Don’t Let the Skills Gap Swallow Your Organization

Degreed

Having a large skills gap can create added stress, lower the quality of work , slow down employee productivity and create disengagement with your workforce, which leads to issues with retention and cuts into your bottom line. As with anything in talent development and workforce planning, an analysis is needed.