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.

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.

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5 workforce planning tools and how to use them

Business Management Daily

has come to the realization that strategic workforce planning is a necessity for the organization. Baby Boomers make up a significant portion of the company’s current workforce, and their retirement over the next few years could cause serious staffing shortages in key positions.

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plans on unreliable sources and methods such as using country retirement age instead of actual retirement age data, outdated benchmarks, and financial headcount budgets with no historical trends or link to business strategy, and sadly, gut feel. Here are five key steps to use analytics to inform your workforce plans: 1.

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.

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.

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.

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. Using Talent Intelligence in Workforce Planning. Estimated reading time: 6 minutes.

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.

A New Workforce Planning Model: Why Position Management Is Flawed

Visier

Given that people costs make up the largest chunk of the operating expenses for a typical organization, getting the workforce plan right is fundamental to good corporate fiscal health. As a best practice, workforce planning should be continuous. Organizational changes that are key to delivering the business plan. The Human Layer of Workforce Cost Management. Salary values are assigned to the 10 positions and that is the team’s total workforce budget.

A New Workforce Planning Model: Why Position Management Is Flawed

Visier - Talent Acquisition

Creating a workforce plan based on position management works fine at the budgeting stage, but once you get into the fiscal year, you may be left with no budget for a new hire. It’s time for a new workforce planning model. The Human Layer of Workforce Cost Management.

18 Benefits of HR Analytics For Your Business [With Examples]

Analytics in HR

HR analytics helps HR professionals make data-based decisions that play a pivotal role in an organization’s success. Over 70% of executives consider people analytics a main priority in their organization. The HR analytics market is set to grow by 90% to $3.6

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.

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.

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 in 3-2-1

Analytics in HR

Strategic workforce planning (SWP) is a commonly used term for a multitude of approaches to achieve a singular goal: having enough employees of sufficient quality in the future. In this article, I will explain the four most common pitfalls of workforce planning and how to avoid them using a relatively simple methodology. Existing processes and cycles can contribute to such transparency, strengthened with data and analytics. HR Analytics

The Role Of HR Analytics In Workforce Planning

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.

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?

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.

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

Visier

“Build vs. Rent” is a common dichotomy in technology buying, but what does it mean when applied to people analytics? The race to adopt people analytics is heating up: according to the Bersin by Deloitte HR Technology Disruptions for 2018 report , “people analytics is now a must-have discipline within HR and business.”. But, as more and more HR organizations grow their analytics function, I’ve noticed that not all journeys are the same.

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. Among the most successful are those that have embraced workforce optimization. How does that differ from workforce management? That’s where workforce optimization enters the picture.

What is HR Analytics?

Analytics in HR

The question “what is HR analytics?” is asked by a lot of HR professionals who want to get started with people analytics. In this post, we will explain what HR analytics is and how it will shape businesses in the future. HR analytics holds a promise to change all of this. Whether that’s true or not is a second – but a lot of the above can be resolved in becoming more data-driven and analytical savvy. What is HR analytics? HR analytics in literature.

Evolution or Extinction: 4 Ways to Make Your Workforce Plans Future-Ready

Visier - Talent Acquisition

Workforce planning is one of the best levers to navigate this unpredictability, but the traditional approach—which is owned by Finance, cost-driven, and happening only once a year—isn’t fit for a world that’s changing fast, and going to continue doing so.

The Future of Workforce Planning

HR Daily Advisor

One of the best investments organizations can make toward the satisfaction of their employees is in workforce planning technology and process improvements. Workforce planning examines the entire employee lifecycle and determines how to best recruit, grow, deploy, optimize, and retain employees. Workforce planning minimizes the likelihood that employees, teams, and organizations will have their needs unmet.

People Analytics Strategy: 9 Tips for Smooth Implementation

AIHR

Having a people analytics strategy enables your HR and/or people analytics teams to approach workforce issues in a proactive way and manage resources effectively. Let’s look at how to build a people analytics strategy with real business impact!

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?

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.

Workforce Planning in 2019: 4 Trends to Watch

Pingboard

In an ever-evolving business environment, it’s challenging for companies to plan ahead and anticipate their future needs. That said, a strategic workforce plan can ensure you’re prepared for what’s next and that all the right talent and skills are in place to help your company thrive. There are many benefits to effective workforce planning—as well as many reasons why poor workforce planning can stunt your growth. Fast-growing remote workforce.

How Flexibility Can Drive the Great Retention of Frontline Workers

Workday

Hospitality and retail, for example, have the highest quit rate, and as a result, attracting and retaining talent in those sectors is challenging. And, this type of scheduling is an example of “innovative flexibility,” which is thinking about flexibility more holistically.

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.

4 Things Harvard Business Review Got Wrong About People Analytics

AIHR

Recently, Harvard Business Review (HBR) published an article on people analytics titled “ Are People Analytics Dehumanizing Your Employees? In this article, we want to debunk the four things we believe HBR got wrong about people analytics.

Workforce Analytics Move Beyond HR

Analytics in HR

Workforce analytics have traditionally focused on HR’s use of them when their value can actually have significant overall business impacts. Realizing this, more business leaders are demanding insights into workforce dynamics to unearth insights that weren’t apparent before. The availability of more people analytics tools enables businesses to understand their workforces in greater detail than ever before. Analytics News & Blogs

How Hershey Used Data to Increase Retention Rates and Improve Workforce Planning

Linkedin Talent Blog

In order to proactively plan for hiring needs ahead of time, Hershey needed a systematic process to predict attrition. And that’s exactly what Sean Kirlin , Senior Manager of HR Operations & Systems, and Emilie Thomas , Director of Advanced Analytics, set out to build with their teams at Hershey. Sean and Emilie embraced people analytics because they knew how to drive results with data: now they’re putting those skills into action. “We Improving workforce planning.

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

Visier

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. Companies with poor workforce planning were at risk of going out of business or being sold off. As a result, almost all large companies dedicated an entire department to workforce planning, and HR played a powerful role.

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. The role of human resources in organizations is evolving. .

CFOs Can Create a Business Culture That Embraces Change and Generates Value

Workday

In addition, Brad Floering, vice president of finance at Snowflake, and Gwen Shaneyfelt, executive vice president and chief accounting officer at Franklin Templeton, shared on-the-ground examples of how they use cloud-based management software to become value partners.

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?

What is People Analytics and How Do I Get Started?

Visier - Talent Acquisition

How to use people analytics to make better decisions–faster. At the same time, the volume of workforce data continues to grow at an unprecedented rate, but merely having this data isn’t enough to succeed. Here’s what you need need to know about how to get started with people analytics.