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. What is Workforce Planning?

These Industries Will Face the Biggest Talent Shortages by 2030

Linkedin Talent Blog

By 2030, the global talent shortage could reach 85.2 This is partly because competition for talent is already tight in these sectors, with the rapid adoption of disruptive technologies leading to a shortage of qualified candidates. And by 2030, that shortage could jump to nearly 10.7 Among the 20 countries studied, only India is expected to see a surplus of talent in these industries by 2030. Technology, media, and telecommunications will fall short 4.3

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can I work from a museum or the zoo if I’m remote, how open should I be about retiring really early, and more

Ask a Manager

This post, can I work from a museum or the zoo if I’m remote, how open should I be about retiring really early, and more , was originally published by Alison Green on Ask a Manager. How open should I be at work about my plan to retire in my early 40s?

Boomer Exodus—the Benefits of Partial and Trial Retirement

HR Daily Advisor

Approximately 10,000 Baby Boomers will reach age 65 every single day until the year 2030, according to the Pew Research Center. workforce continues to see an entire generation reaching retirement age, the issues surrounding transition into retirement become more and more prominent. Let’s take a look at some retirement transition options and what both the employer and employee can gain from them. Retirement Transition Options.

4 TED Talks That Anyone Focusing on Workforce Planning Should Watch

Pingboard

Heffernan’s talk holds particular relevance for organizations that are planning teams as well as deciding who should lead those teams. The long and short of Heffernan’s advice: the next time you’re planning changes to the org chart, consider not just reporting relationships, but also the composition of the team and how to help individuals learn from and connect with each other. Rainer Strack, “ The Workforce Crisis of 2030 – and How to Start Solving it Now ”.

A Look at the State of Talent Management in Manufacturing

Eightfold

They must address the realities of an aging workforce and the pressures of continuous innovation and technological advancement. Skill in electronics and software development, for example, will be a must for auto workers. . The future is bright for U.S. manufacturing in many ways.

The Candidates on Retirement, Part 2: Elizabeth Warren

Guideline

In the lead up to the 2020 election, Guideline is hitting the campaign trail to analyze the retirement platforms of the leading candidates: Former Vice President Joe Biden, Senator Elizabeth Warren, Mayor Pete Buttigeig, Senator Bernie Sanders, and President Donald Trump.

3 Strategies for Addressing the Healthcare Workforce Shortage

Precheck

Healthcare systems in the United States have been feeling the effects of the workforce shortage for years now, but a more dire impact is still to come. Leverage the experience that your workforce has before your most seasoned employees retire.

How To Prepare Your Employees For The Unknown Future Of Work

15Five

But neither approach will help you and your employees prepare for the rollercoaster shift in work that is underway due to significant changes in technology. Argument # 1: Advances in technology make the future bleak for humans. AI and machine learning technologies will take away low skilled jobs such as food prep and equipment operators. Argument # 2: Technology will deliver us, providing a brighter, more productive future. 4) Learn to use technology.

3 Realities of Today’s Workforce Affecting All Employers

HRsoft

To create plans for addressing these challenges, it’s helpful to explore each workforce issue in greater detail. Here, we dig deeper into three realities of today’s workforce, along with some possible solutions for overcoming them. Retirement. According to Pew Research Center, 10,000 Baby Boomers reach retirement age each day. This will be true for a 19-year period starting back in 2011 and continuing until 2030.

Here Are 3 Ways to Foster a Learning Mindset At Your Company

Cornerstone On Demand

According to McKinsey , between 400 million and 800 million jobs will be gone by 2030. A version of them might remain, but as technologies like artificial intelligence and automation gain momentum, it's safe to say we've reached an inflection point (as we did in the dot-com era) around the kind of work we do. Extreme Learning In The Workplace The last time we saw a major technological change in the workforce was during the dot-com boom in the 1990s.

Top 10 U.S. Cities Facing Aging Workforce Challenges

Burning Glass Technologies

According to the Bureau of Labor Statistics and the Population Reference Bureau , that number is projected to increase to 23% by 2030. Burning Glass’ labor analysis tool, Labor Insight , has always been able to provide workforce professionals with the most up-to-date information on the most in demand jobs by region, the most requested skills by occupation, and more. Therefore, there are many aging workers getting ready to retire.

How Tech is Helping Government Recruiters Win the War on Talent

Yello

And with a global talent shortage , a decades-low unemployment rate and an increase in federal employee retirement , the race is on to win top talent. An aging workforce: Federal retirement rates are increasing, and Baby Boomers are leaving the workforce at a rate of 10,000 per day until 2030.

How to motivate a multigenerational workforce?

HR Digest

Baby Boomers constitute 40 percent of the workforce in the US and are expected to do so till 2030. ( Older employees may be less technologically reliant or be more than comfortable being a part of the smart device generation.

Why A Positive Employee Experience Includes Work-Life Synergy

15Five

In the Digital Age, technology has completely shifted the world of work as we know it. To balance work and life implies the separation of the two, but new technology and evolving workplace environments are conflating business and pleasure.

Aging Workforce Challenges: Trends, Statistics and Impact

Digital HR Tech

LCPC, for SHRM, this is something that started in 2011 and will continue until 2030. Since the average retirement age of a baby boomer lies somewhere between 61 and 65, it’s not hard to see that this so-called silver tsunami is going to create some serious challenges for HR; the main one being, how are they going to fill the talent gap that’s left between the number of baby boomers that retires and the number of younger workers with the right skills to replace them?

3 Ways You Can Extend the Work Lifecycle of Older Employees

The Tim Sackett Project

A recent study at the University of Minnesota found that employers need to add programs to focus on older workers: The study argued that programs aimed at training workers won’t be enough to satisfy the state’s need for workers between 2020 and 2030. These retired engineers loved it!

Employee Benefits: The Only Guide You Need

Achievers - Recruiting

Employers are responding with a menu of voluntary employee benefits, driven by generational shifts and technology that is dramatically changing the workplace. . Some states have mandated disability insurance and retirement plan requirements. . Benefits also act as employee engagement tools and support a positive corporate culture. The most effective reward system lets employees choose their reward. Employee benefits are engagement tools .

Why We Should Embrace Generational Differences in the Workplace

Digital HR Tech

By 2030, the largest part of the US workforce will (still) consist of Millennials. . Many traditionalists will be (partly) retired by now. While they use cell phones and tablets, they mostly use them as productivity tools (instead of connectivity tools). More than any other generation in the workplace, Gen Z has no difficulty what so ever using the latest apps, technology, or platforms; it’s what they do.

Talent Development: 8 Best Practices for Your Organization

Analytics in HR

Ongoing efforts to evaluate skill gaps, provide training programs, and manage succession planning lead to more capable employees and better organizational performance. According to Boston Consulting Group , tens of thousands of new jobs will be created by 2030.

5 HR Trends Impacting the Industry

OmegaHR Solutions

Industry experts have found more than one-quarter of employees are planning to leave their job within the next two years if their employer doesn’t support a healthy work/life balance. Millennials will make up 75% of the workforce by 2030 , leaving the HR industry a little more than a decade to change their ways. The needs and wants of baby boomers, many of whom will be reaching retirement age in the next decade, are vastly different than millennials and zennials.

What is HCAHPS and What Does it Mean for Healthcare Worker Engagement

Visier

At the same time, the population is aging and people are living longer with chronic medical conditions: by 2030 more than 20% of US residents will be 65 or older, compared to 13% in 2010. This is why healthcare providers are more motivated today than ever before to measure, understand, and plan how they engage and retain their workers. Once this system is in place, analysis of worker engagement can begin. The healthcare industry today is facing a perfect storm.

Visier 150

A 2020 vision: Is your benefits package ready for the future?

HR Morning

The workplace is becoming more multi-generational, as millennials start to dominate and older workers delay retirement. More than a third (37%) of employers say they’re making changes to their benefits package, or plan to do so in the near future, according to Aon’s Benefits and Trends Survey 2019. By 2030, nearly one in two Americans will suffer from at least one chronic condition, according to a Rand Corp.

AON 69

Increased Demands Create Learn and Work Ecosystem

Edcor

The learn and work ecosystem is made up of many things that interact such as employers who need qualified employees, employees who are also students learning skills they need, artificial intelligence and rapidly changing technologies that influence market processes, products and services. A connected learn and work ecosystem means that businesses, employees and higher education institutions will each have a stake and a responsibility in creating successful continual education plans.

Surprising Statistics that will Motivate You to Start a Side Hustle

Career Metis

Unless you entered the job market back in the days when the standard was stable, long-term employment with great benefits and retirement, you might be interested in earning extra money. Maybe they long for early retirement. Software & Apps.

3 Ways You Can Extend the Work Life-Cycle of Older Employees

The Tim Sackett Project

A recent study at the University of Minnesota found that employers need to add programs to focus on older workers: The study argued that programs aimed at training workers won’t be enough to satisfy the state’s need for workers between 2020 and 2030. New policy directives and incentives may be needed, including offering pathways for baby boomers to delay retirement, drawing in workers from other states and supporting immigration from other countries.

The Serious Implications Of An Aging Workforce

SAP Innovation

Japan is one of the first countries to address the planning implications of an aging workforce, and it’s not a surprise why. With the highest proportion of older adults in the world, by 2030 one in every three people in Japan will be 65+ years old, and one in five people 75+ years old. Add to that declining birth rates and it also leads to new workforce planning implications. In the United States, 10,000 people turn 65 every day and this will continue until 2030.

Your Employee Experience Roundup: Virtual Assistants, The Rise of Gen Z Workers, and Automation for HR

SocialChorus

Increased use of data analytic s to track workers, Employers embracing social missions to attract and retain more employees, An increase in the number of years senior managers work before retirement. An influx of Gen Z employees, who will introduce new levels of technological competence into workplaces (also: expect a dip in “soft skills”). . #4: Adoption of AI can transform GDP potential and productivity of the global economy by 26% by 2030.

Miles Everson of MBO Partners: “Knowledge stocks to Knowledge Flows”

Thrive Global

For example, a report by the McKinsey Global Institute that estimated automation will eliminate 73 million jobs by 2030. Employers need to think about doing that, not just with technology but with the totality of their workforce. * Knowledge stocks to Knowledge Flows.

Future Workforce Predictions: What Can HR Do Today to Prepare for Tomorrow?

Slayton Search Partners

Although it’s tempting – and exciting – to dig into predictions for the global workforce of 2030, it often isn’t practical to look that far into the future to determine our actions today. For example, a recent publication from PwC reports five “megatrends” they believe will shape this future: technological breakthroughs, demographic shifts, rapid urbanization, shifts in economic power, and resource scarcity and climate change.

Kimberly Kayler of Advancing Organizational Excellence: “Diversity, Equity and Inclusion”

Thrive Global

For example, a report by the McKinsey Global Institute that estimated automation will eliminate 73 million jobs by 2030. This is about more than having great collaboration tools?—?it’s Technological advances and pandemic restrictions hastened the move to working from home.

How Can You Measure Returns On Employee Experience?

SurveySparrow

That means you have to be more focused on implementing an employee engagement plan in your company. For instance, if your company invests in a technology that increases the employee experience and improves their productivity. Retirement planning.

Dr. Mara Windsor Of L.I.F.E. Nonprofit: “Make enough time for restful sleep”

Thrive Global

He asked me what I was planning to do, and I told him I wanted to get a PhD in psychology, but he suggested I go to medical school instead. I met with him, and my adviser and they helped me put together a plan. Make enough time for restful sleep.

Company Benefits That Millennials Actually Seek

Vantage Circle

By 2030, 75% of millennials are likely to make up the workforce. Like getting some extra time to run errands or planning a day out with their family and friends. To help them with their finances you can set up Financial Planning sessions. These sessions will include debt reduction, asset management and saving for current and future needs, such as purchasing a home, financing their children's education or preparing for retirement and much more.

“Look past the wrinkles” with Emily Johnson

Thrive Global

After a year, I became a Life Enrichment Manager and this is when I started to realize the problems in senior fitness especially within retirement communities. I just wanted to solve a problem for my staff and I was blown away by how many others wanted and needed the solution I created.