Talent Intelligence Should Be Part of Your Workforce Planning

HR Bartender

Workforce planning is one of the biggest challenges facing businesses today. A key step in workforce planning is conducting an environmental scan or PESTLE analysis. An environmental scan covers the same things and often includes competitive set analysis.

Why Integrated Workforce Planning Is Vital for Business Agility

Workday

The remote workforce is here to stay. Kate Lister, president of Global Workplace Analytics, estimates that by 2025, about 70% of the workforce will work remotely at least one business week each month. What effect will they have on workforce efficiency and productivity ?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

The Next Decade of Agile Workforce Planning

Visier - Talent Acquisition

When it comes to workforce planning, Celgene is a definitive leader. On a monthly basis, the company’s talent acquisition analytics team conducts a turnover and growth analysis that is compiled into a scorecard report. Deliver in-the-moment talent plans.

Top 5 Workforce Planning Tools

TalenX

When it comes to delivering real business insights, providing a holistic view of the workforce, increasing productivity, efficiency, and effectiveness, and aligning talent and business strategies, nothing does it better than workforce planning. What is a workforce planning tool?

Workforce Planning in 2021: The Agility Muscle Continues to Flex

Visier - Talent Acquisition

Customer needs changed on a dime, and that meant workforces also needed to adapt for businesses to stay alive–and even thrive. Agile workforce planning actions to take in 2021. It also requires r egular workforce planning conversations with business leaders, especially Finance.

Case Study: Strategic Workforce Planning for Rail Infrastructure Managers

Analytics in HR

This requires tremendous changes in the current workforce. In this case study, strategic workforce planning is applied to solve this national problem, impacting millions of commuters. Planning for the future. Rob van Dijk is an experienced people analytics consultant.

Job Analysis: A Practitioner’s Guide

Analytics in HR

Job analysis is a common technique aimed at providing detailed information on a worker’s job. A job analysis can help draft a better job description, lead to a safer work environment, help in workforce planning, and is key in performance management. What is job analysis?

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

Visier

We are in an unprecedented war for talent: companies cannot hire fast enough to keep up with their workforce demands. “Companies cannot hire fast enough to keep up with their workforce demands” – @VisierAnalytics Click To Tweet. Companies recognized that without a plan for how to address their workforce needs, they put their entire company at risk of going out of business or being sold off. The Better Way to Do Workforce Planning.

Reforecasting Amid Upheaval: Best Practices for Financial and Workforce Planning

Workday

If your role includes financial planning and analysis, you likely had just completed your 2020 revenue, headcount, hiring, opex, and capex forecasts, only to find that COVID-19 rendered them moot. Execs are Focused on Scenario Planning and Reforecasting.

Prepare for Nurse Retirements and Shortage with Intelligent Workforce Planning

Visier

According to a survey by the National Council of State Board of Nursing and the Forum of State Nursing Workforce Centers, 55% of registered nurses (RN) are age 50 or older. Healthcare providers have a unique driver to connect their workforce decisions to business outcomes: cost of healthcare delivery, and patient outcomes and satisfaction. This is good news for the HR department, since analytics will enable them to take data about their workforce and turn it into actionable insight.

The Role Of HR Analytics In Workforce Planning

Get Hppy

An unprecedented increase in job openings shows that the demand for talent is forcing companies to plan better and recruit better. Workforce planning and HR analytics have become a key focus point for HR professionals around the world, as they confront new challenges in finding and retaining the right employees. Companies cannot hire fast enough to keep up with their workforce demands.”. The challenge of workforce planning.

The Future of Financial Services: Q&A on People Analytics and Workforce Planning

Visier - Talent Acquisition

Outsmart, the leading people analytics and workforce planning conference, takes place online on May 5-6, 2021. Workforce planning is a strategic process that allows companies to get ahead of the HR and talent challenges they face.

7 Steps For Successful Strategic Workforce Planning

TalenX

Research shows that companies which strategically recruit a diverse workforce, are 15%-35% more likely to have better financial returns compared to companies that don’t have such a diverse workforce. What is strategic workforce planning?

Strategic workforce planning: why and how to begin

Insperity

You probably have a hiring plan. But do you conduct strategic workforce planning? Perhaps the desire to increase profits in the upcoming year demands headcount adjustments, and so plans are made to grow or reduce staff, contractors or consultants. Develop an action plan.

Top 5 Benefits of Strategic Workforce Planning

TalenX

Like many other companies, you may be considering implementing strategic workforce planning in your organization. Strategic workforce planning helps you align your hiring processes with your company’s mission and vision. Strategic workforce planning can help you here.

Automated Workforce Planning: Tactical or Strategic?

China Gorman

An organization’s workforce is also, however, its most expensive asset, and workforce management (the development of employees, retention of skilled talent, etc.) In a recent Aberdeen report , 60% of all organizations reported a need to improve workforce planning capabilities as a driver of their total workforce management efforts. The adoption of automated workforce management solutions though (as with other tech solutions) has been slow among organizations.

Driving Innovative Business Models through Workforce Planning

hrQ

Workforce planning is one of the most critical competencies for an HR organization. Workforce planning can help a business answer questions ranging from how many people it needs, where they should be located, what jobs they should do, how much they should be paid, and even whether they should be working for your company. That’s where workforce planning comes in. My previous post discusses the fundamentals of workforce planning.

5 Essential Workforce Planning Tools for any HR professional

Analytics in HR

Workforce planning tools are an essential part of the HR professional’s toolkit. In this article we’ll go over 5 strategic workforce planning tools, explain their use and give examples and excel templates on how to use them. What are workforce planning tools? Workforce planning tools are instruments that help analyze current capabilities and future needs for the employee population. Strategic workforce planning map.

5 Questions for Paul Hamerman on Financial and Workforce Planning

Workday

Hamerman, who will be our guest speaker in a July 18 webinar , answers five key questions that we believe organizations should consider when exploring workforce and financial planning approaches in today’s business world. . How are organizations using workforce planning to help their organizations grow and thrive in today’s economy? There are several established use cases for workforce planning and modeling capabilities. Paul Hamerman. Paul D.

Workforce planning strategies to meet the federal hiring freeze

HR Times

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? Complicating this issue is the Presidential Memorandum calling upon the OMB and OPM to create a “long-term plan to reduce the size of the federal Government’s workforce through attrition” by April 22.

Boo! Four Scary Employee Engagement Situations to Avoid With Better Survey Data Analysis

Visier

Getting a great employee engagement score, but discovering that 15% of your workforce spends half their day on non work-related tasks. But simply surveying your workforce for sentiment data once a year and getting a sleek report won’t give you the insights you need to avoid serious snafus. Focusing on performance can be a great motivator for your workforce, but it also can bring unintended consequences. E mployees raising a publicized stink with the union over your rewards.

xP&A: All You Need To Know About Extended Planning & Analysis

Workday

xP&A stands for extended planning and analysis—taking the best of modern finance planning and extending it across the enterprise. For years, it has been known as company-wide planning. Finance leaders whose organizations have been made more agile and strategic with modern planning and analysis have known for years that their approach to planning can transform other parts of the business. Extended Planning, Orchestrated by Finance.

5 Steps to Improve Talent Acquisition Through Better Data Analysis

Acendre

5 Steps to Improve Talent Acquisition Through Better Data Analysis. These blueprints are developed as a process allowing rapid and accurate production of all the building elements creating an architectural plan. However, with a simple 5-step approach utilizing data-driven analysis applications , a blueprint or plan for improved talent acquisition is attainable. Look at the four pieces of your talent acquisition game plan. The Blueprint.

Workforce Planning to Defend Your Agency’s Budget

Acendre

” Fortunately, through modern workforce planning and analytics solutions , you can defend budget proposals with precise data which directly speaks to ROI-benefiting outcomes. Avoid passive “firefighting” reactions to staffing developments through dashboards and reports, which enable you to stay on top of imminent workforce trends. Dashboard-enabled insights align current and expected budget allocations with planned hiring and attrition totals.

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

Lighthouse

I’m currently in the midst of a research project examining how some of the best and brightest companies in the world hire people analytics talent. Building a people analytics team for the first time isn’t like hiring a new administrative assistant or a new accountant. In addition, building a need for analytics usage is similar to building the business case for strategic workforce planning. Use Case 1: Building People Analytics Talent.

Glancing Ahead: What Are Your People Analytics Plans for 2021?

Analytics in HR

It has also had an impact on our People Analytics department. Ironically, this will probably mean that when we return back to normal, the data on absenteeism in 2020 will be pretty much useless when it comes to predictive analytics. appeared first on AIHR Analytics.

Managing Transformation and Changes Using People Analytics

Digital HR Tech

Contents Challenges and transformation Leveraging people analytics beyond common practices Using people analytics in organizational change Case Study: Data-driven change with people analytics On a final note. Leveraging people analytics beyond common practices.

How ConAgra Foods Drove HR Transformation With Analytics-Driven Planning

Visier

When a company acquires another business, bringing the two workforces together is the single most challenging undertaking of the entire project. This is the challenge that the People Insights team at ConAgra Foods sought to address after the company announced its intent to acquire a private label firm in 2012, which would increase the size of its workforce by 42 percent. Optimizing personnel cost planning, forecasting, and analysis with leading technology and processes.

Boo! Four Scary Employee Engagement Situations to Avoid With Better Survey Data Analysis

Visier

Getting a great employee engagement score, but discovering that 15% of your workforce spends half their day on non work-related tasks. But simply surveying your workforce for sentiment data once a year and getting a sleek report won’t give you the insights you need to avoid serious snafus. Focusing on performance can be a great motivator for your workforce, but it also can bring unintended consequences. Employees raising a publicized stink with the union over your rewards.

Effective People Analytics: the Importance of Taking Action

Analytics in HR

I recently read an interview with a business leader about how people analytics drives business outcomes. While this is absolutely true, the comment leaves out another key component of effective people analytics: “Analytics without action is simply overhead.” .

How Workforce Analytics Helps Prevent Another Bad Hire

Visier

However, the opposite proved to be true: when the organization started using Visier’s workforce intelligence solution , the analytics revealed that the so-called “high scoring” candidates (who were hired!) What led to improvements was a proper workforce intelligence solution that showed the end-to-end results of the hiring process. Without workforce analytics, it’s difficult to identify what makes a strong hire. Test Theories and Workforce Planning Scenarios.

COVID-19 Vaccinations: Using People Analytics to Prepare For the Recovery

Visier - Talent Acquisition

Visier can help you use vaccination data to adjust to a post-pandemic world—planning shifts in operations, restarting suspended business activities, and the like. Our people analytics solution has changed with the crisis. Ask Visier Workforce Planning

11 HR Analytics Courses Online

Analytics in HR

This article lists the eleven best HR analytics courses in the world today. Getting started with HR analytics – also called People Analytics – is a big step for a lot of people and organizations. An HR analytics course that answers these questions can be invaluable. Courses range from top-level analytics knowledge, to actually doing analytics, basic statistical knowledge, HR data and metrics, and more. 2: People analytics – University of Pennsylvania.

Forecasting in R: a People Analytics Tool

Analytics in HR

We will specifically examine how forecasting models can be deployed in R and end with an example analysis on the rise in popularity of the term “people analytics” The goal is to know what’s coming…. These examples represent the highly popular realm of “Predictive Analytics”.

How to Recalibrate and Plan for a New Normal in Healthcare

Workday

As many finance executives have discovered, businesses urgently need an arsenal of robust, comprehensive, modern planning tools powered by real-time data, so they can plan, analyze, and execute like a market leader. And, when it comes to budgeting, forecasting, planning, and (lately) replanning, Redmon says the capitated model underlines the importance of both short- and long-term planning. “We Scenario planning often focuses on the company’s cash position.