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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.

The 5 Steps of Analytics-Driven Workforce Planning

Analytics in HR

To determine how to align and sustain these three objectives, HR uses some form of workforce planning. Unfortunately, many companies still base their talent plans on unreliable sources and methods such as using country retirement age instead of actual retirement age data, outdated benchmarks, and financial headcount budgets with no historical trends or link to business strategy, and sadly, gut feel. For example: Do you know how customer demographics are changing?

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Best Practices for Successful Workforce Planning During Economic Uncertainty

Eightfold

Heightened financial uncertainty has businesses of all sizes struggling to strategically plan for the long term. Company leaders are asking themselves, “Do I plan for leaner times, greater growth, or both?”. The answers to these questions directly impact workforce planning.

8 Benefits of Using People Analytics

Visier - Talent Acquisition

How people analytics drives value across the spectrum of the employee lifecycle. Bad hires, regrettable attrition, cost overruns, poor productivity — these are just a few of the daily challenges HR leaders face—which people analytics can help. Why people analytics is crucial.

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.

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. While this has obvious connections to the talent acquisition team, there are also broader impacts back to the HR department as a whole. Today’s Talent Shortfalls. The Better Way to Do Workforce Planning.

5 Strategic Workforce Planning Tips

TalenX

Strategic workforce planning has become the latest buzzword in HR circles, with more companies adopting a strategic view of workforce planning and recruitment. However, very few companies truly know what it means to be “strategic” in their workforce planning activities.

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. 5 Scenario planning.

From Workforce Management to Optimization: The Evolving Roles of HR and Operations

Workday

On top of losing jobs, the pandemic forced many workers to leave the workforce. And yet, there are companies that have been able to thrive, all the while facing the same challenges of enduring labor shortages and competition for talent. How does that differ from workforce management?

Understanding the Basics: What Is Talent Management?

Workday

This blog is part of a series explaining the technologies that help companies manage their people, money, and processes. Digital disruption and a shifting workforce is changing talent management, especially amid the COVID-19 pandemic. What is Talent Management?

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? A total 91% of managers.

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.

8 Benefits of Using People Analytics

Visier - Talent Acquisition

How people analytics drives value across the spectrum of the employee lifecycle. People analytics is the difference between guessing and making fact-based decisions. Why people analytics is crucial. This process is at the heart of effective people analytics strategies.

Workforce Planning: How CHROs Recruit and Retain Top HR Teams

Eightfold

No longer simply a business function with which to build a workforce, HR is transforming into a critical strategic business partner responsible for helping companies set and achieve business goals. Casting Wider Nets to Source the Best Talent.

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

Visier

In the 1950s, when all but 10 percent of open positions in companies were filled internally, “HR was a powerful function, voted the most glamorous area in business by executives,” writes management expert Peter Cappelli in this HBR piece. a big postwar question, and ushered in an era of new revolutionary practices, such as coaching, job rotation, 360-degree feedback, high-potential tracks, and succession planning. Today’s Talent Shortfalls.

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.

How AI Fuels an Integrated Approach to Talent Management

Eightfold

Career-management strategies are evolving with technology. . AI-based talent intelligence tools are tearing down the silos in which HR teams, hiring managers, and employees operate to manage careers so organizations can build a more integrated approach to talent management.

Diagnosing and Preventing Nurse Burnout Using People Analytics

Visier

Nurse burnout–a state of physical, mental and emotional exhaustion caused by chronic stress–is a common problem in healthcare, one that came up often when I served as Director of Workforce Analytics and Special Projects at Vancouver Coastal Health, one of the largest healthcare organizations in British Columbia. This is where people analytics can make a difference. This empowers the business to devise a plan to effectively solve workplace issues. Talent Management

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How people analytics can help your business

Insperity

As a concept, people analytics (or human capital analytics) has been around for years. Yet, if you’re like most businesses, the idea of incorporating advanced analytics into your HR practice is fairly new. What is people analytics? Who can use people analytics?

Workforce Analysis: HR’s Introduction and Guide

Analytics in HR

Understanding your organization’s strengths, weaknesses, and future needs in terms of its workforce is essential to making effective staffing decisions. Conducting a workforce analysis helps you do just that. Contents What is workforce analysis? What is workforce analysis?

Using people analytics to improve health care performance

HR Times

Health care providers tend to lag other industries in the adoption of new business processes and technologies, and we find this to be consistent in the industry’s use of big data and analytics to improve organization performance. Yet, the successful use of data analytics in other industries could indicate that it’s time for health care systems to up their game. Using data to drive more effective health care workforce planning.

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.” .

Post-Brexit Workforce Challenges: How to Strategically Plan Through Ambiguity

Visier

For HR leaders, these trends will undoubtedly lead to medium- and long-term impacts on the supply and demand dynamics of talent strategy. In times of uncertainty, strong people leaders who can rapidly define and shape the workforce required to strategically position the organisation for success offer more than a competitive advantage. Indeed, HR can get ahead of these changes by leading the charge on workforce planning , a role typically reserved for finance.

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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 Workforce Analytics Helps Prevent Another Bad Hire

Visier

A bad hire can cost as high as five times the annual salary for that role — not just from the turnover, but also lower productivity, a damaged employer brand, lower employee engagement, and higher manager time spent on mitigating underperformance. For example, one of our customers paid a third-party assessment consultant to rate job candidates based on a “stay and perform” score. Without workforce analytics, it’s difficult to identify what makes a strong hire.

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What Is People Analytics? An Essential Guide

Analytics in HR

Not too long ago, the mention of the phrase “people analytics” would be met with lots of head-scratching and blank stares in the workplace. Fast forward a few years later, and people analytics is at the center of Human Resources. Contents What is people analytics?

Innovative HR and Why Technology Innovators Can’t Survive Without It

Visier

Editor’s note: This popular post has been updated with new data and information to ensure you’re ready for the talent demands of today and the future. As a tech company, we experience first hand the challenges faced by HR and business leaders in the hyper-competitive tech talent market. And to support this growth, companies will go to extraordinary lengths to outdo each other in offering that one special perk that will give them an advantage to attract talent.

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5 Ways Employee Experience Experts Use People Analytics

Visier - Talent Acquisition

We took these results to our employee experience experts for their best practices on using data and analytics in each area. For years, career progression has been a top factor in attracting and retaining talent – and is increasingly so, as the workforce demographic changes.

The Rise of the People Strategy Platform

Visier

Management consultant Ram Charan, McKinsey & Co global managing director Dominic Barton, and Korn Ferry vice chairman Dennis Carey have gone so far as to recommend (in their HBR article, People Before Strategy ) that “the CEO should create a triumvirate at the top of the corporation that includes both the CFO and the CHRO” that “makes the connection between the organization and business results.”.

6 Talent Management Trends for 2018

Oracle HCM - Modern HR in the Cloud

Modern technology has enabled HR leaders to provide their workforce with a better employee experience. Emerging technologies such as data automation, predictive analytics and artificial intelligence (AI) have now added a level of sophistication in how businesses can manage and engage their workforce for higher productivity. So, what should talent management professionals be thinking about in 2018? People Analytics. Talent-Centric

HRExaminer Watchlist: Intelligence First Talent Management: Ascendify

HR Examiner

Intelligence First Talent Management: Ascendify. Ascendify is the first company to offer enterprise grade Talent Acquisition and Management tools built with intelligence as the foundation. Ascendify offers the most comprehensive AI-first approach to Talent Management. Talent Management functionality includes Workforce Planning, Performance Management, Learning, Career Development, and Internal Mobility.

6 Training Ideas for a Smoother HR Technology Rollout

Visier

If users feel frustrated and uncertain while using a new tool, such as a workforce intelligence (WFI) solution , they may return to the old methods of figuring out their HR data despite how antiquated or cumbersome they are. When I led the training during the roll out of the Visier Workforce Intelligence solution to City of Edmonton employees, I wanted to ensure that every lesson I prepared would make mastering the self-service analytics solution easy and uncomplicated.

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How Foot Locker Can Reduce Employee Turnover with Workforce Analytics

Visier

However, even for progressive brands like Foot Locker, simply knowing the turnover rate does little to support strategic business plans. According to an article on employee retention by talent acquisition marketing expert Maren Hogen : Nearly four out of five (78 percent) of business leaders rank employee retention as important or urgent. The Era of Foot Locker Workforce Analytics. HR analytics’ or ‘talent analytics’). Senior managers?

3 Ways to Succeed with People Analytics, According to New Survey

Visier - Talent Acquisition

This article was jointly written by Visier team members Stephen Haigh, a Client Account Executive, and Paul Atkins, a Project Manager. People analytics has shifted from fringe practice for pioneers to established best practice, with a decade’s worth of compelling evidence proving value.

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

MapHR

The need for high performing talent is the greatest it’s ever been in the history of business. HR Exchange Network editor Mason Stevenson continues his series on people analytics and driving growth. People Analytics Are Growing Performance Data and the analysis around it can be used for more than finding problems and preventing them. We’re talking about people centric analytics. A great example of this is technology company Cisco.

Merck KGaA: A Case Study for Organization-Wide People Analytics

Visier

The company is also harnessing digitalization to drive innovation in the planning and management of one of its most important assets — its people. Digital HR and people analytics are key terms in this transition where Merck KGaA is using data to glean insights into all aspects of HR work, which can then be applied to tasks such as workforce planning, talent management and even the gradual optimization of day-to-day operations. “At

How People Data Helps Your Organization Manage Absences

Visier - Talent Acquisition

Need resources to guide you through crisis management? We’re working with our partners, customers, and the community to provide a centralized repository so you can get the latest resources on data-driven crisis management. Visit our Crisis Management Resource Center here.

How To Win With People Analytics

HR Digest

When data is sufficiently large, it is utilized to train algorithms that predict talents and capabilities; screen performance; set and survey work outputs; link workforce to various state of emotions; provide training and development; search for patterns across various teams; and more.

Using people analytics to improve health care performance

Bersin

Health care providers tend to lag other industries in the adoption of new business processes and technologies, and we find this to be consistent in the industry’s use of big data and analytics to improve organization performance. Yet, the successful use of data analytics in other industries could indicate that it’s time for health care systems to up their game. Using data to drive more effective health care workforce planning.

8 Things To Consider Before Building a Workforce Planning

NGA Human Resources

Workforce planning is a key element to your business success. It has become increasingly important for organizations over the last several years, helping manage an agile workforce in a volatile world. So let’s take a look at the 8 things to consider before building your Workforce Planning. “I I F YOU FAIL TO PLAN , YOU PLAN TO FAIL.”. Secure your data: All planning must begin with a clear picture of the current situation.