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. The Better Way to Do Workforce Planning.

Driving Innovative Business Models through Workforce Planning

hrQ

Workforce planning is one of the most critical competencies for an HR organization. It is the foundation of the partnership between the business and HR and provides the organization with critical information about how to meet its staffing needs and how to allocate its HR resources to meet business goals. There’s another level to workforce planning, and some businesses are using it to determine potential transformation opportunities or threats to their business model.

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. Navigating Nurse Retirement with the New Workforce Planning.

6 Ways to Overcome the Obstacles of Workforce Planning

Pingboard

The workforce is evolving. Today’s employees aren’t afraid to leave their current jobs to find another that better meets their career aspirations. An organization’s workforce planning efforts are now more important than ever before. Failure to communicate plans internally.

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? Develop a smart approach to workforce reshaping.

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. Companies cannot hire fast enough to keep up with their workforce demands.”. The challenge of workforce planning.

Birmingham Uses Labor Data Analysis to Build a Stronger Workforce

Burning Glass Technologies

It’s important for regions to have modern, skilled workforces and ensure they have outside dollars coming into the community. region and provide a foundation for local leaders as they use real-time labor data to guide their community’s decisions and improve their workforce.

Research Preview: Unlocking Organizational Agility to Drive Digital Growth

Workday

Here are the five behaviors that are necessary for organizational agility: Enable Continuous Planning. The parts of the business that rely on revenue through digital efforts, in particular, require rapid and continuous planning cycles. The research found that dynamic planning helps organizations react quickly to changing market conditions and potential threats to the business. Upskill the Future Workforce. What do you consider most important to your company’s future?

Workday Podcast: Getting in on the Act with Active Planning

Workday

Making a plan isn’t typically the hard part, but sticking to it is. Today, technology can enable active planning, which is updated continuously and can guide the business. I talked to Kerman Lau, vice president of financial planning and analysis at Adaptive Insights, about active planning: what it is, why it matters, and what successful planning looks like. Listen on SoundCloud: Workday Podcast: Getting in on the Act with Active Planning.

5 HR Analyst Job Descriptions – A Brief Analysis

Analytics in HR

Ensures that deliverables meet or exceed individual objectives, adhere to HR Connect goals, and align with HR strategies. Perform basic analysis and provide feedback regarding issues, opportunities, or challenges. Works with Human Resources team and first line managers to provide analysis and guidance on a variety of compensation related issues. Collect and organize data for analysis. Assists with the analysis of data both internal and external.

Who’s in Charge? The Need for Managers to Rebuild Our Infrastructure

Burning Glass Technologies

We found that while infrastructure work employs one in eight Americans already, there are several significant workforce challenges in getting the job done. But other managerial skills such as leadership, relationship building, performance analysis, and budgeting are in high demand.

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. Optimizing personnel cost planning, forecasting, and analysis with leading technology and processes.

Three Trends That Could Upend Your Workforce

Burning Glass Technologies

Workforce agencies all over the country can struggle with building and maintaining a strong, healthy workforce. There are many factors that affect the readiness of a workforce, from global demand to local training programs. An Aging Workforce.

People Analytics and Driving Growth: Part III : Performance and Organizational Network Analysis

MapHR

This week he focuses specifically on performance and organizational network analysis. People Analytics Are Growing Performance Data and the analysis around it can be used for more than finding problems and preventing them. It’s a complex and challenging time in HR.

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!) Without workforce analytics, it’s difficult to identify what makes a strong hire.

HR’s New Year Resolution: Move Up the Workforce Intelligence Maturity Curve

Visier

While workforce analytics and workforce planning are increasing in priority , most organizations have not progressed to take advantage of the opportunity that workforce data provides. Annual headcount planning occurs in spreadsheets.

Use Co-op Programs to Discover What Your Workforce Is Missing

TLNT: The Business of HR

Is the talent that you have today ready to meet your business needs of tomorrow? A full-scale talent assessment requires that you spend some time conducting a SWOT (strengths, weaknesses, opportunities and threats) analysis in conjunction with the business. Interns Strategic HR Workforce Planning FeaturedIt’s time to take a critical look at your talent and start asking the tough questions.

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.

Three Outcomes Human Resource Leaders Can Provide the CEO to Avoid Workforce Restructuring

Burning Glass Technologies

Workforce restructuring costs companies billions of dollars each year due to lack of planning for the future talent needs. With the right techniques, Human Resource leaders can offer CEOs three ways to avert these wrenching changes and better meet workforce needs.

See Burning Glass Technologies Solutions at HR Tech 2017

Burning Glass Technologies

In A Data and Skills Driven Strategy: Cisco’s Talent Cloud Empowering the Optimal Workforce , Cisco will discuss how big data analysis of millions of job postings, powered by Burning Glass technology, allows the company to stay ahead of its skills needs.

4 Ways to Build Agile Teams Using People Analytics

Visier

That’s a statement organizational network analysis pioneers Rob Cross and Andrew Parker made in this earlier 2004 post , and it still holds true today. To rapidly build and deploy teams to meet a particular goal, then, HR leaders need nuanced insights. More Agile Workforce Planning.

Top 10 People Analytics Difference Makers to Look For

Visier

Visier has the pre-built questions and data flows already mapped out to guide your analysis and turn data into action. . Guided analysis like this ensure you stay on track and are informed of the outliers. . Travelling to HR Tech next week ?

Organizational Talent Pools: 4 Steps to Developing Employees

HR Bartender

This allows a talent pool to address the biggest challenge with succession planning , which is telling individuals they’re part of the plan. That unpredictability can make traditional succession planning efforts difficult and talent pools an ideal tool.

Forget About Overpopulation. You May Not Have Enough People.

SAP Innovation

The International Institute for Applied Systems Analysis predicts that the world’s population is likely to peak at 9.4 When we look at the likely workforce, the challenges expand. As the population ages, the number of retirees grows and the active workforce shrinks. A massive population shift from rural to urban areas in countries such as China is delivering new people into the workforce. Would they meet your job requirements?

What Are #HR Analysts and Why Should You Pay Attention To Them

HR Bartender

During those events, I learn about the companies, the products and services they provide, and how they meet the needs of human resources professionals. Since I’ve been attending user conferences, I’ve also had the opportunity to meet HR analysts from around the world.

Summer Reading 2017: 5 Popular HR Analytics Articles You Need to Read Today

Visier

For example, Electronic Arts ( a Visier customer ) was able to determine the probability of either exceeding or meeting fiscal-year headcount plans using detailed sensitivity analyses related to average hiring and termination trends. Workforce Intelligence 101 top hr articles

Developing a Strong Hiring Plan

HR Daily Advisor

What can you do to make sure your hiring plan is solid? Today we’ll look at workforce analysis. A workforce analysis can identify those gaps so that employers can develop an actionable plan. Developing a Workforce Plan.

How to Measure the Value of People Analytics

Reflektive

More than half (52%) of organizations that use people analytics rate themselves as excellent at conducting multi-year workforce planning, while an additional 38% rate themselves as adequate. The progression looks like this: Data collection; people analytics; data-driven decision-making; improvement in employee hiring, development, and engagement; improved workforce productivity; return on investment; competitive advantage. Average number of one-on-one meetings per week/month.

People analytics and learning: Driving workforce development by delivering the right solution to the right people at the right time

Bersin with Deloitte

But the most valuable insight comes from deeper analysis—one that illustrates the connection between eyes on the content and dollars in the register, the true measure of effectiveness for a given marketing campaign. A hypothesis of which data is necessary for meeting those goals.

Key Roles and Responsibilities in an HR Department

Pingboard

The human resources department is responsible for designing and implementing HR programs and policies that help company leaders better manage the workforce. Who Is Responsible for Workforce Planning?

Build vs. Rent: Don’t Crash on the Do-It-Yourself Iceberg for People Analytics

Visier

While the same talent challenges are spurring companies to become more data-driven in workforce decision making, the approaches they are taking fall mainly into two different camps: build or rent. And this only includes the workforce analytics component of the solution.

How People Analytics Helps Prevent Another Bad Hire

Visier

Without workforce analytics, it’s difficult to identify what makes a strong hire. Use workforce data to identify the high performer metrics unique to the job role, team and even department you’re hiring for. Test Theories and Workforce Planning Scenarios.

How To Reduce Employee Turnover with Workforce Analytics

Visier

However, knowing your turnover rate does little to support strategic business plans. To achieve true insight, a more in-depth analysis of what’s causing turnover in different parts of the organization is required. The Era of Workforce Analytics.

Cognitive computing is a game changer for HR

Bersin with Deloitte

The growth of the alternative workforce and its shift into the mainstream is a top trend identified in this year’s Global Human Capital Trends report. System skills, such as decision-making and system analysis. Part 1: RPA offers a good way to get in the game.

2018: The Evolution of HR

ClearCompany HRM

Just because an employee is engaged in meetings and company gatherings doesn’t mean their experience with the company is a good one. Performance Analysis. Training and HR will become closely tied in their workforce and succession planning endeavors.