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.

Agile Workforce Planning: a Guide for HR

Digital HR Tech

Agile workforce planning is a continuous process that allows organizations to be ready for the disruptive future. In this article, we take a look at agile workforce planning. The agile workforce planning methodology Who should drive an agile workforce planning initiative?

Insiders

Sign Up for our Newsletter

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

Top Workforce Planning Courses

TalenX

Strategic workforce planning can improve the quality of your workforce. Strategic workforce planning, however, will be effective only when you know how to run the process the right way. Strategic Workforce Planning: A Fundamental Beginner’s Guide by Udemy.

Managing Costs through Workforce Planning

hrQ

With the evolution of workforce planning, this is both unnecessary and unwise. Workforce planning provides a platform by which cost-cutting can be a quantitative precision exercise where outcomes are more certain and the ability of the organization to remain effective can be preserved.

Workforce Planning Through Trying Times

hrQ

What characterizes trying times for Workforce Planning is how fast the variables on which we make decisions can change from one day to the next, and the impact that has on the business. Focusing on key variables to make workforce decisions and being upfront about uncertainties.

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.

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 ?

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.

Strategic Workforce Planning: The New HR Support to Companies

Burning Glass Technologies

In such a context, strategic workforce planning is gaining momentum in many organizations and it is undoubtedly the best support the HR department can provide to business: . HR needs to define a “build, buy, borrow” workforce plan to secure pivotal jobs and skills. .

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.

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?

LifeWorks

     

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.

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.

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.

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.

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.

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.

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.

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.

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?

Workforce Planning Will Help You Understand the Needs of Your Organization

SHRM Resources

Managing headcount—and workforce planning overall—is one of HR’s most important priorities, yet so many HR and talent acquisition (TA) leaders shy away from it. Business Acumen Workforce Planning Data Analysis

Workforce Planning Success

Vemo

Embarking on a workforce planning journey can be overwhelming. Here are five reasons why organizations who adopt technology to support workforce planning are thriving: Centralization - Having a centralized location where all the planning activity takes place fosters collaboration and knocks out redundant activities. Having centralized plans allows several different functions to offer input.

The Skills Gap Analysis – A Full Guide

Digital HR Tech

In a time where companies experience a rapidly growing need to re-and upskill their people, the skills gap analysis becomes an increasingly relevant tool. Content What is a skills gap analysis? Why is a skills gap analysis useful? What is a skills gap analysis?

6 Ways to Overcome the Obstacles of Workforce Planning

Pingboard

The workforce is evolving. An organization’s workforce planning efforts are now more important than ever before. There are a whole host of benefits that come with strategic workforce planning, from helping the company ensure the right people are in the right roles, to improving efficiency, new hire onboarding, and employee engagement. However, despite the wide array of benefits that come with it, many organizations still struggle with workforce planning.

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.

CSI for HR? Test the Workforce Planning Waters Today With This Forensic HR Template

Visier

Getting started with strategic planning means that you need to think about the big ideas driving your business over the next year, and ask: What are those strategic objectives that are the focus of the executive team? Once you know the answer, you just have to figure out how to tie those to actions that affect the workforce. Make Workforce Planning a Regular Habit. Test the Workforce Planning Waters Today With This Forensic HR Template appeared first on Visier Inc.

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.

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.

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.

3 Workforce Planning Tips for Project-Based Businesses

Workday

Here’s how professional service organizations can cultivate this superpower: Tap Newer Tech and Automation for Real-Time Analysis and What-If Scenarios. Face it: Personnel planning is never going to be super flexible if you’re stuck using static, error-prone spreadsheets. But if you swap out those clunky spreadsheets for the right business planning tool , scenario planning takes mere seconds and a few clicks of a button.

Workforce Planning: A Forward-Looking Approach to Getting the Right People in the Right Jobs

ClearCompany Recruiting

Workforce planning is a core function of human resources, and it’s key to the identification and analysis of what an organization is going to need in terms of its talent. Workforce planning determines what mix of experience, knowledge and skills are required to get the best people in the right roles at the right place.

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.

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. Toward this end, today’s workforce planning tools take into account anticipated attrition along with external market data.

Jobs Data Analysis at Davos Shows It’s Cheaper to Reskill Than Rehire Workers Displaced by AI

Burning Glass Technologies

Both government workforce agencies and corporate human capital management are struggling with how to deal with the massive disruptions likely to occur as automation and artificial intelligence redefine jobs. Workforce agencies want to ensure workers find new, well-paying careers, while corporate HR managers want to ensure their business has the talent it needs to adapt to whatever the future brings. The financial analysis works for government as well.

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. Promoting growth in new industry areas can build upon the strengths of the local workforce and graduates from local institutions. Building a Stronger Workforce.