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. As Peter Cappelli writes in this HBR piece , “when labor tightens up…HR practices become essential to companies’ immediate success.”. The Better Way to Do Workforce Planning. the workforce dynamics.

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.

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.

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.

How to Avoid Talent Gaps with Data-Driven Succession Planning

Visier - Talent Acquisition

According to the Association for Talent Development , only 35% of organizations have a formalized succession planning process. As with most things, the best way to manage these risks is to be prepared and to have a plan. Often organizations provide tools that allow employees to explore opportunities and develop plans, set goals and take action to proactively navigate their career. Below, I outline different ways people analytics can be used to support these processes.

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.

A Simple Guide to Succession Planning

Oracle HCM - Modern HR in the Cloud

Historically, succession planning has been focused on key leadership roles. Today, organizations are likely to have a more expanded perspective on succession planning. Typical is a succession strategy for executive roles, with the most common being one to two levels below the CEO. Other perspectives for succession planning take a strategic workforce planning perspective and focus on pivotal and hard to fill roles.

Leaders Secretly Hate Succession Planning!

The Tim Sackett Project

Succession planning is on a similar path. Your leaders say the support succession planning. But, every time you try and do something with succession planning, it goes nowhere! Your leaders hate succession planning for a number of reasons, here are few: 1. Financially, succession planning is a huge burden on organizations, if done right. Leaders are paid on the financial success of your organization.

Succession Planning? Despite What They Say, Your Leaders Secretly Hate It

TLNT: The Business of HR

William Tincup and I were just talking about this last week in regards to a comment he was making about organizations and succession planning. Why leaders really hate succession planning. Succession planning is on a similar path. Your leaders say they support succession planning. But, every time you try and do something with succession planning , it goes nowhere! Your leaders hate succession planning for a number of reasons.

People Analytics Conferences Data-Driven HR Leaders Can’t Miss in 2018

Visier

People analytics is now business-critical and, more than ever, HR must take advantage of the massive opportunities that analytics provides. The HR teams that will succeed in 2018 and beyond are those that have a grasp on how the developments of the data age will impact the workforce and their business. To support this, we’ve gathered a list of the top 2018 people analytics and workforce planning conferences for data-driven HR leaders of all skill levels.

Using people analytics to get to High-Impact HR

HR Times

People analytics, which is really a subset of business analytics, is a key enabler of High-Impact HR. Deloitte’s 2017 Global Human Capital Trends report tells us that 71 percent of surveyed executives see people analytics as a high priority, and are applying it to talent challenges, as you might expect, particularly in recruiting and also in performance measurement, compensation, workforce planning, and retention. Posted by David Fineman on August 3, 2017.

The onus, or bonus, of human analytics?

Benify

With the proper tools in place, HR functions can dissect the minutia of an individual in a company – payroll, benefits and rewards, performance, absenteeism, turnover, succession planning, recruitment, training and career, engagement, even websites and online shops visited – to tailor specific offers to him or her. People analytics in HR is undergoing a seismic shift. In other words, there is still a lot fruit to pick in human analytics.

Using people analytics to get to High-Impact HR

HR Times

People analytics, which is really a subset of business analytics, is a key enabler of High-Impact HR. 1 But it’s not just about HR—people analytics addresses business issues, too. Getting to high-impact analytics relies first and foremost on accurate, believable data.

3 Ways to Free Up Budget to Reinvest in Your Workforce

Visier - Talent Acquisition

But long-term employee development and succession planning shouldn’t be ignored: According to Gallup, when people feel inspired in their work, they are less prone to burnout , and one way to inspire people is to invest in their personal growth. As companies shift into the new way of doing business amidst an ever-evolving pandemic, adopting programs geared towards maintaining a strong workforce is imperative. Find funding with workforce analytics.

Why Banking On Your Workforce Boosts Business Results

Visier

There is a clear connection here between what happens in the workforce and the success of the organization. Exceptional companies know that the best people decisions drive the best business outcomes : More diverse workforces outperform others. Organizations with stronger HR analytics programs have a higher return on equity. In my last post , I discussed how innovative new ideas that drive success come at the intersection of the workforce and the business.

Agility through workforce analytics

HR Times

Analytics capability is a top human capital trend. Two of the 10 trends in Deloitte’s Global Human Capital Trends 2015 report directly focused on analytics, and as we prepare to launch the 2016 report in the next couple of weeks, I can tell you that analytics will remain a top trend. Analytics is seen as critical, and our research shows its use is climbing rapidly, in part due to an influx of new supportive technology. Workforce Analytics.

How Four Companies Enable their HRBPs with People Analytics

Visier - Talent Acquisition

Many organizations want to enable their HRBPs to adopt a data-driven approach and be the ambassadors for people analytics while providing consultative support to the business on talent strategy. A year ago, I interviewed numerous organizations about their practices to succeed and achieve value from people analytics. Many told me their HRBPs are afraid of data and analytics. Engaging HRBPs as a One-Person Analytics Team.

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.

Secure the Right HR Business Partner Manager for the Future

Visier

Last week, I shared the job description for the People Analytics Leader (you can download the job description template for your use here). One who, in addition to having responsibilities for the HR aspects of their job, is successful at enabling people analytics within their organizations.

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Pitney Bowes’ Andrew Gold: Are Your People Analytics Professionals Data Gladiators?

i4cp

Recent meetings of i4cp’s Workforce Analytics Exchange have focused in part on the new i4cp and ROI Institute report, 4 Ways to Advance Your People Analytics. At the May 2018 meeting, Andrew Gold, VP of Total Rewards and HR Technology at Pitney Bowes, shared some of his experience with people analytics. What follows is a Q&A interview with Andrew to learn more about this concept and the latest advances in the use of people analytics at Pitney Bowes.

Why HR’s Organizational Structure Matters

HR C-Suite

Metrics, Analytics, Workforce Planning, Succession Planning, Job Evaluation, Job Design, Recruiting, Compensation, Benefits, Rewards — these […]. Planning Effectiveness HR org chart Organizational structureThe work of H.R. is continuously changing. Not only has the Human Resources function been evolving to become a stronger, strategic partner to the business, but new priorities continue to shape what we do and how we do it.

How to Successfully Select and Implement an HRIS | Human Resources Information System

Analytics in HR

This article will explain how an HRIS works, how they relate to HR analytics, and how they can be successfully selected and implemented. Traditional HRIS systems and HR Analytics – The Synergy. Over the last half-decade, there has been an ever-increasing narrative built around HR analytics. There have also been suggestions that HR analytics and HRIS are contrasting approaches and need to be categorized separately. Succession Planning.

Delving Into Data

HRO Today

Three organizations share how they use people data and analytics to amplify business strategy. People analytics” has been a hot catchphrase in the business world for years, with data promising to revolutionize recruiting, talent management, and myriad other HR processes. The research shows that descriptive analytics may be here, but predictive and prescriptive analytics are still far on the horizon.

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The Difference Between Being a Generalist and a Strategic HRBP

Something Different

Be it recruiting, employee relations, workforce planning, guidance of labor law and compliance, compensation review, performance management, training and development or any other number of responsibilities that fall under their umbrella, Generalists are very good at executing on the items currently on their people agenda. And being able to do short-term workforce planning (e.g. It’s more than generating reports – its prescriptive analytics.

3 HR Roles of the Future

Digital HR Tech

People Analytics. 28% of respondents said the number one skill they would like to develop 2019 was people analytics. Strategic workforce planning. 10% of the survey respondents indicated strategic workforce planning as their most required skill to develop. The time when your average workforce mainly consisted of full-time employees is long gone. One of them being succession planning. People analytics is the other.

Recapping 2019: What HR Leaders Read This Year

Oracle HCM - Modern HR in the Cloud

How to Create a Successful Talent Development Plan. Workers move around more than ever in today’s fast-paced world, requiring companies to develop talent development plans alongside their succession programs. Find out what roles are needed for such a plan in this blog. Four Trends Impacting Workforce Planning. Planning is HR’s never-ending challenge, especially with economic uncertainty. A Simple Guide to Succession Planning.

Talent Management Models for HR in 2020

CuteHR

Analytics, based on the now and the future, must be integrated throughout.” Planning. To initiate planning, primarily you would have to identify your business strategy. Developing a practical plan for recruitment or workforce management. Succession planning .

TalentGuard Opens New Office In Mexico City

TalentGuard

TalentGuard’s talent management software has helped a range of organizations – from Fortune 500 to SMB, international and domestic, in many different industries – to streamline talent management practices, better manage an adaptive workforce and improve employee engagement. . It’s a flexible, cost-effective and intuitive solution for companies doing strategic workforce planning. . “We

The Best Way to Prove the Worth of the Talent Function

Visier

Great HR leaders understand this and can demonstrate how workforce dynamics impact business outcomes. This means that, in addition to considering human dynamics, the modern CHRO has the challenge of helping the company develop resource plans that are matched to financial expectations while delivering or exceeding desired business outcomes. ConAgra Foods decided to invest in Visier Workforce Planning after it acquired Ralcorp in 2013.

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Getting Ahead

HRO Today

To successfully implement an agile process, HR professionals need to gain the full support of the C-suite. Another key element of successful agile TA adoption is the ability to forecast future talent demand and identify pivotal roles that will impact business performance.

5 Workforce Questions that Put Your People First

Visier - Talent Acquisition

Whether you are an HR executive, analytics guru, or a manager on the front lines, if you are involved in supporting or making people decisions, we want to hear from you. This is why proactive HR leaders have made succession planning a top priority so they can ensure business continuity.

Workers are looking – and leaving – for career development

HR Morning

Employee development is at the heart of successful talent management. Succession planning. Succession planning is a talent management must-do for organizations of all sizes, whether a global corporation, a small non-profit, a mid-sized college or a family business with a dozen employees. Whenever employees leave, organizations lose hard-to-replace knowledge about what has been successful and unsuccessful in moving strategy forward. Workforce demographics.

Key Takeaways from HR Technology Conference 2018

Visier

We welcomed people analytics practitioners and seekers to our booth, where we were excited to show them three new product capabilities: CEO Pay Ratio – this enables public companies to more easily meet new US government CEO Pay Ratio disclosure requirements, with pre-built metrics for CEO Pay Ratio and Median Employee Pay. People Analytics is evolving in pursuit of explicit value creation. Last week’s HR Technology Conference 2018 was action-packed for the Visier team.

3 Key Talent Acquisition Jobs Explained

Digital HR Tech

Employer branding , future resource planning, diversifying a company’s labor force, and developing a robust candidate pipeline are the cornerstones of talent acquisition.” ” The skillset of successful talent acquisition professionals usually includes sourcing strategies, candidate assessment, compliance and hiring standards, and fluency in employment branding practices and corporate hiring initiatives. Talent acquisition jobs come in various shapes and sizes.

3 Must-Read Digital HR and HR Tech Articles of 2019 (and 1 Bonus Article)

Digital HR Tech

Payroll Benefits Time & Attendance Training Performance management Succession planning Employee self-service Reporting & Analytics. Plan and align – In this phase, you choose an implementation partner, create a steering committee and an implementation team.

TalentGuard Partners with Hamilton Resourcing in MENA for Talent Management Solutions

TalentGuard

TalentGuard’s talent management software has helped a range of organizations – from Fortune 500 to SMB, international and domestic, in many different industries – to streamline talent management practices, better manage an adaptive workforce and improve employee engagement. It’s a flexible, cost-effective and intuitive solution for companies doing strategic workforce planning.

TalentGuard Partners with Hamilton Resourcing in MENA for Talent Management Solutions

TalentGuard

TalentGuard’s talent management software has helped a range of organizations – from Fortune 500 to SMB, international and domestic, in many different industries – to streamline talent management practices, better manage an adaptive workforce and improve employee engagement. It’s a flexible, cost-effective and intuitive solution for companies doing strategic workforce planning.

TalentGuard Partners with Hamilton Resourcing in MENA for Talent Management Solutions

TalentGuard

TalentGuard’s talent management software has helped a range of organizations – from Fortune 500 to SMB, international and domestic, in many different industries – to streamline talent management practices, better manage an adaptive workforce and improve employee engagement. It’s a flexible, cost-effective and intuitive solution for companies doing strategic workforce planning.

TalentGuard Partners with Hamilton Resourcing in MENA for Talent Management Solutions

TalentGuard

TalentGuard’s talent management software has helped a range of organizations – from Fortune 500 to SMB, international and domestic, in many different industries – to streamline talent management practices, better manage an adaptive workforce and improve employee engagement. It’s a flexible, cost-effective and intuitive solution for companies doing strategic workforce planning.

12 Major Issues HR Needs to Tackle Head on in 2019

Jason Treu

I’ve revised the titles of each trait (my take): Master and Improve Analytical Abilities – Smart technologies and analytics are quickly becoming essential. Over three-quarters of HR professionals (78%) indicate that analytical thinking will be the most vital worker capability by 2020. And alarmingly, only 11% of organizations report they are making good progress building a capable workforce to meet 2020 goals.