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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. Strategic workforce planning map.

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Investing in a talent strategy

PI Worldwide

True talent strategy extends far beyond recruiting and hiring top talent. Ideally, effective workforce planning includes the execution of a talent strategy that aligns with the goals of your organization, enhancing the employee experience, improving retention rates, and future-proofing your business.

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Don’t forget internal talent in workforce planning and recruiting

HRExecutive

After breaking down cross-industry data on internal hiring, we provide guidance for how to benchmark this measure and think critically about your use of internal hiring. Benchmarking within your industry is a good place to start since industry can often dictate the external talent market and the feasibility of tapping into it.

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Attract and retain talent with Bob’s Compensation Benchmarking powered by Mercer

HiBob

To retain employees, HR needs a compensation strategy that ensures pay equity across the organization and eliminates pay gaps based on gender, ethnicity, geography, or other factors. Compensation benchmarking also considers geographic location, company size, years of experience, and education level, to ensure accurate and relevant data.

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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.

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

Visier

This company took the “Build” route to people analytics — a traditional approach that with modern tools, like Tableau, Qlik, or TIBCO, may initially look cost effective, and even “easy.” Data integration tools licenses. And this only includes the workforce analytics component of the solution. Data center maintenance costs.

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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.