article thumbnail

The most important part of workforce planning is skills intelligence

Eightfold

An organization’s workforce plan is a huge roadmap that should set it up for success, covering several years and every aspect of the business. For many, “workforce planning” means focusing on managing costs, and deducing where the largest ticket items are on the profit and loss statement.

article thumbnail

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. Strategic workforce planning map.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Strategic Workforce Planning 101: Framework & Process

Analytics in HR

Strategic workforce planning enables HR and business leaders to identify and anticipate their workforce needs and challenges and take action to ensure the organization is prepared to succeed not only today but in the future. Contents What is strategic workforce planning?

article thumbnail

Beginner’s Guide to Collecting and Analyzing HR Metrics

Homebase

Aspect HR Analytics People Analytics Workforce Analytics Primary Focus Operational aspects of HR (e.g., recruitment, retention) Employee behavior and performance Overall workforce planning and strategy Data Scope HR-specific data (e.g., Are you aiming to increase productivity, enhance employee engagement, or reduce turnover?

article thumbnail

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

Visier

And this only includes the workforce analytics component of the solution. A true people analytics solution will also be part of a people strategy platform that enables data-driven workforce planning — a capability set not supported by BI tools. Product updates. Ongoing data management, maintenance, and support.

article thumbnail

How to Develop a Staffing Planning (With Staffing Plan Example)  

Analytics in HR

As an HR professional, you can drive this strategic process by analyzing current staffing resources, predicting future needs, identifying gaps, formulating strategies to fill these gaps, and creating a staffing plan that the organization can follow. Contents What is a staffing plan? However, they are not the same thing.

article thumbnail

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. To help with all this are a myriad of workforce planning tools.