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WorkforcePlanning Is a Team Sport: Why HR and Finance Must Join Forces June 10th, 2025 Share on Facebook Share on Facebook Share on LinkedIn Share on LinkedIn Workforceplanning is no longer optional. Workforceplanning is a team sport—and your best competitive edge. And it’s definitely not just HR’s job.
As workforce dynamics continue to shift with the rise of hybrid work, automation, and global talent mobility, HR software plays a critical role in helping businesses forecast future workforce needs with accuracy and agility. These methods were time-consuming, error-prone, and lacked the nuance required for long-term strategy.
Productivity increases, since you’re giving teams the tools and models they need to do better work in less time. Platforms that provide data-driven insights empower HR teams to implement proactive workforceplanning rather than reactive staffing. Proactive workforceplanning aligned with business goals becomes the norm.
With the flexibility, tools, and insights to improve processes and enhance engagement, Bob equips HR leaders to navigate change confidently and lead the way in workplace transformation, helping organizations stay ahead of future work trends. As an HR platform built to empower HR teams, Bob can help you meet 2025’s top HR trends head-on.
Benchmarking voluntary turnover Voluntary turnover calculates the percentage of total employees who leave an organization of their own accord. When used alongside involuntary turnover, this measure helps an organization assess its overall turnover rate , the health of its workforce and its approach to human capital management more broadly.
Strategic workforceplanning 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 workforceplanning?
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.
Whether it’s developing prosthetics, medical imaging devices, or diagnostic tools, the margin for error is zero—and so is the tolerance for poor hiring decisions. As a fusion of medicine and engineering, this discipline requires professionals who are both technically adept and highly regulated.
This contributes to overall employee happiness and organizational success, leading to a more productive and motivated workforce. Regularly assess employee engagement through surveys and feedback tools. Use tools like Gallup’s Q12 survey to get a pulse on your workforce’s engagement levels.
Strategic workforceplanning is an essential part of workforce management. This is why organizations are making the most of workforceplanningtools to build an agile workforce, identify talent needs, close performance gaps, and make smarter business decisions to achieve organizational goals.
Key Services: Workforce and Talent Strategy Employee Benefits and Compensation Management HR Technology Solutions Health and Wellness Programs Global Mobility Services Why It Stands Out Mercer’s focus on employee benefits and total rewards strategies is particularly noteworthy.
By replacing fragmented tools with unified platforms, organisations shift from manual workflows and disparate spreadsheets to real-time dashboards, automated approvals and mobile access. Delivers data-driven insights for talent retention and strategic workforceplanning. Use tools and APIs for accurate data migration.
For some organizations, the labor budgeting and workforceplanning components of HCM may include adjusting work schedules to provide proper coverage across business areas. Hiring more strategically: Engaging in better workforceplanning and leveraging your people analytics properly will help you hire more strategically.
has come to the realization that strategic workforceplanning 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 workforceplanning map.
With AI-driven talent acquisition, real-time workforce analytics, and automated compliance tracking, Workday HCM is a powerful tool for large healthcare organizations looking for a comprehensive HR solution. The software provides AI-powered workforce analytics, advanced compliance tracking, and a mobile-friendly interface.
Rather than thinking of HR analytics as some mysterious art form, consider it a practical set of tools that illuminate workforce data and unlock insights to guide strategic decisions. Next, theres the all-important art of workforceplanning. This could reveal that employees arent getting proper on-the-job support.
We summarized their findings below, and you can listen to the full interview here: Factors such as managerial support, access to tools, and clear communication are essential drivers of engagement for the frontline. Technology and tools remain misaligned with frontline realities. It has a mobile app, it should work.”
Integration layers: Connect HRIS, payroll systems, and collaboration tools to ensure a single source of truth. Use these benchmarks to set SMART goals tied to efficiency, compliance and user experience. Change management : Train HR staff and employees on new tools.
Supporting workforceplanning: HR uses data and metrics to anticipate and address current and future staffing and talent needs, ensuring the organization has the right people in the right roles. Employee engagement index Employee engagement is measured through the same tools as employee satisfaction (minus the exit interview).
This company took the “Build” route to workforce intelligence — 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. Product updates.
RPO providers utilize cutting-edge tools, AI-driven candidate assessments, and extensive industry networks to ensure companies gain access to top-tier talent. Their services extend beyond candidate sourcing to include strategic workforceplanning, employer branding, screening, interviewing, and onboarding.
7 key elements of a resource planning template Free resource planning template for HR 5 examples of resource planning How HR can make resource planning more effective What is resource planning, and why is it important? Resource planning helps you allocate the right people, tools, and time to the right tasks.
In the past decade, the terms free education or free school have gained popularity as a recruitment and retention tool, especially for frontline workers in the healthcare, retail, and hospitality sectors. By Spardha Khera, Edcor Edcor is a woman-owned business and is the benchmark in education benefits administration. Think Edcor.
HR technology and systems: Examine the company’s HR tech stack, including HR software, payroll systems, and talent management tools. Optimized workforceplanning: Analyzing crossover skillsets identifies areas where combined capabilities create greater strength, as well as potential overlaps. Why is HR due diligence essential?
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.
Ideally, effective workforceplanning 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. Copy and paste your job description to set your ideal candidate benchmark.
In 2025, the best workforce analytics software goes far beyond basic reports, offering predictive insights, AI-driven recommendations, and seamless integrations with existing HR tech stacks. What is Workforce Analytics Software? It helps align workforce strategies with business goals.
HR and management can collaborate to make financial decisions based on accurate headcount data and future plans. And as your organization expands, you might need to add new tools to your HR tech stack to manage people’s schedules, hire more qualified candidates or deliver a better employee experience.
By leveraging vast amounts of employee datafrom performance metrics and engagement surveys to recruitment trends and turnover ratesHR teams can make informed decisions that enhance workforceplanning and business outcomes. WorkforcePlanning and Skills Forecasting Organizations must anticipate future talent needs to remain competitive.
With a good command of HR analytics and a data-driven mindset, you’re better prepared to navigate today’s business challenges and ready to unlock insights for strategic decision-making, optimizing workforceplanning, and enhancing employee engagement and productivity. Connect different data sets. Clean and structure data.
Build A Stronger Stronger Talent Pipeline With Strategic WorkforcePlanningWorkforceplanning is the top strategic priority for 70% of businesses. This means you have to strategically plan talent management and align talent needs with the overall business strategy. Visier is a helpful tool for this.
Digital technology provides managers and employees direct access to increasing amounts of information, insights, tools and expertise. The Hackett Group’s benchmarks show the typical HR organization currently devotes half of its staff and budgets to administration and transaction processing.) Smart automation (e.g.,
Workforceplanningtools are an essential part of the HR professional’s toolkit. In this article we’ll go over 5 strategic workforceplanningtools, explain their use and give examples and excel templates on how to use them. What are workforceplanningtools? Scenario planning.
This not only creates the risk of wasting time and money but also means HR has less time for strategic activities like workforceplanning or enhancing employee engagement. Tracking this measure can help HR: Build a business case for new tools to boost efficiency. Work to improve HR processes before adopting new technology.
Using salary data from a reputable compensation benchmarking company that matches internal jobs with similar jobs in the market ensures that companies stay current and pay their people according to the market pay rate. Customized benchmarking datasets for HiBob customer needs. Announcing HiBob’s strategic alliance with Mercer.
What tools do I need? You will learn to: Leverage strategic workforceplanning to make better decisions. R is an open-source tool for statistics, visualization and data modeling. R goes further than the traditional tools that are used for HR data benchmarking and analysis, like Microsoft Excel, Access, and SPSS.
Like with most departmental teams, having key metrics that they strive to impact, and crucially having the tools in place to track these metrics, means they can map their impact on the bottom line. The good news here is that there are many HR tools and platforms out there that will help you do just that. HR tools and platforms.
These tools available to organizations right now can help them hire, develop, and retain their people, and the platforms and systems are amazing in their ability to support intelligent decisions, personalized actions, and more. This isnt just about recruiting tools or just about learning systems.
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.
Succession planning : Develop long-term succession plans in alignment with employee’s career advancement and address the organization’s potential staffing needs Formulate policies related to the internal hiring and promotion process Oversee personnel actions such as promotions, transfers, discharges and disciplinary actions.
With HRMS tools, HR teams can track expenses and analyse how much is being spent on different aspects of the hiring process. HRMS tools help streamline recruitment processes by automating job postings, resume screening, and interview scheduling. This metric indicates recruitment efficiency and its impact on productivity.
Most descriptions require some knowledge of internal tooling/HRIS. This job requires experience in R, Python or SPSS, SAS, STATA or comparable tools. Uses a case management tool for tracking requests and may transfer or escalate them to other service center parties if the issue cannot be resolved within HR Connect.
Research suggests that employers will not only need to apply skills-based workforceplanning to place individuals in needed roles and projects, but they also must prepare to enhance learning opportunities to build needed skills.
In the experiment, 480 BCG consultants attempted challenging tasks typical of data scientists, like writing Python code and building predictive models using an AI tool. Participants using gen AI scored 86% of the data scientists’ benchmark, a 49-point improvement over those without AI. The study, released Sept.
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