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.

Talking Candidly About Workforce Planning for HR Executives

Cisive

One thing stood out above the others, and it’s something every HR leader and team member faces: workforce planning. As an HR partner, your role in workforce planning is at the heart of what really matters to your company leaders. Workforce planning support means that you are your team are responsible for the forecasting that allows you to properly plan for your recruitment advertising and marketing spend, requisition workload, and expected deliverables for your team.

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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plans on unreliable sources and methods such as using country retirement age instead of actual retirement age data, outdated benchmarks, and financial headcount budgets with no historical trends or link to business strategy, and sadly, gut feel. How are larger-scale cultural changes impacting your workforce?

Talking Candidly About Workforce Planning for HR Executives

Precheck

Talking Candidly About Workforce Planning for HR Executives Dec. One thing stood out above the others, and it’s something every HR leader and team member faces: workforce planning. How Workforce Planning Supports Your HR Efforts.

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?

Why Integrated Workforce Planning Is Vital for Business Agility

Workday

The remote workforce is here to stay. Kate Lister, president of Global Workplace Analytics, estimates that by 2025, about 70% of the workforce will work remotely at least one business week each month. What effect will they have on workforce efficiency and productivity ?

The Role Of HR Analytics In Workforce Planning

Get 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.

How Adding AI to Workday Improves Talent Management (part 1 of 3, Workforce Planning)

Eightfold

Today we’ll talk about workforce planning. As far as workforce planning goes, let’s take a look at four areas. Understanding workforce capabilities. Companies lack a solid view of the skills and capabilities of their whole workforce.

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.

How Healthcare Employers Can Invest in Strategic Workforce Planning

Precheck

How Healthcare Employers Can Invest in Strategic Workforce Planning Apr. Healthcare organizations are facing a workforce crunch. So what should healthcare organizations include in their strategic workforce planning initiatives? How can they overcome these workforce challenges? Here’s how you can strategically build a healthcare workforce of the future. Identify Leaky Pipelines in Your Workforce.

Benchmarking & What-If Analysis

Vemo

Benchmarking Metric Benchmarking can be a great way to compare your metrics to industry best practices, however accessing relevant benchmarking data for you industry is not always easy to obtain or broadly available for every industry. Most enterprise organizations are big enough to benchmark against themselves and with our Analytics tool they can do just that.

3 Myths About Payroll Service Bureaus and Efficiency

Workday

According to The Deloitte Global Payroll Benchmarking Survey conducted in 2020, 73% of organizations outsource some aspect of payroll. And in situations where business demand changed seemingly overnight — which was common during the pandemic — finance needed real-time insight into the total cost of the workforce to make business continuity decisions. . Workforce Planning HR Transformation Human Resources Finance Payroll COVID-19

Making Sense of BigData in HR (aka Talent Analytics)

Bersin with Deloitte

HR Benchmarking HR Service Delivery Providers Learning Evaluation Strategic Workforce Planning Talent StrategyI'm going to start a series of blogs on the topic of BigData in HR (aka Talent Analytics). In this installment I want to help you make some sense about what is going on. This is a preview of some of the topics I will be discussing on next week's webinar on BigData in HR (Tuesday […].

Concerned about Retention? The Potential for a Resume Tsunami

Bersin

Engagement HR Strategy & Benchmarking Sourcing & Recruiting Talent Strategy Workforce PlanningI’m so excited about a report we published today: Calculating the True Cost of Voluntary Turnover: The Surprising ROI of Retention. I’ve been wanting to write this report since I joined Bersin in 2013, but my study of retention began many years before then. In February of 2002, in the middle of the recession that […].

HR’s New Year Resolution: Move Up the Workforce Intelligence Maturity Curve

Visier

While workforce analytics and workforce planning are increasing in priority , most organizations have not progressed to take advantage of the opportunity that workforce data provides. This provides little in efficiency and, more critically, little business impact that comes from connecting workforce data to business outcomes. This is why HR’s goal this year should be to move up the Workforce Intelligence Maturity Curve as quickly as possible.

Visier 163

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. Succession planning with data.

The power of payroll data: An interview with a leader in data management, BI, and people analytics

Visier - Talent Acquisition

Dave Wallis: Because the cost of payroll typically represents the largest workforce-driven financial impact on business, it can provide a great deal of actionable insight. leaders can drill into subpopulations of the workforce to identify hidden nuggets. Workforce Planning

Strategies for Getting the Most Out of Your Payroll Data

Visier - Talent Acquisition

So, by making payroll data part of the business, HR can run a variety of analyses—on salary competitiveness , structural costs controls, voluntary and forced rotation, absenteeism, to name a few—to improve workforce efficiency in terms of productivity and performance. Workforce Planning

The Changing Workplace, Part 2: Creating New Workplace Safety Policies

Workday

In the past, once a decision was made to implement a change in workplace policy, a company could plan that the policy would stay in place for the relatively long term. Workforce Planning Governance Risk and Compliance Human Resources COVID-19

Burning Glass Talent™ Mines the Data Employers Need to Match Hiring With Strategy

Burning Glass Technologies

New Burning Glass Technologies product guides firms in making data-driven decisions to improve their workforce. BOSTON—Burning Glass Technologies announces the release of Burning Glass Talent™ , the first workforce planning solution using real-time labor data, empowering companies to make data-driven decisions in a dynamic labor market. In a constantly changing environment, effective workforce planning is increasingly critical.

3 Ways Professional Services Firms Can Prosper

Workday

With the release of Service Performance Insight’s “2017 Professional Services Maturity Benchmark,” it’s clear the professional services industry continues to face challenges. Both revenue and headcount growth continue to decline while workforce attrition is increasing. Per the benchmark study, careful investments in workforce planning, employee engagement, and talent-driven innovation are distinguishing top performing professional service organizations.

Five Powerful Ways Your HR Team Can Leverage Big Data

SuccessFactors

Analyzing Big Data helps businesses get better insights, understand processes within the company, make important business decisions according to patterns found in research and analysis, and plan strategic business moves. Planning. Survey analysis can also help HR: plan new, more effective talent-retention programs. learn how to benchmark workers effectively. The term “Big Data” seems mysterious to many HR organizations.

Workforce Analytics: The world is bigger than your HRIS

Burning Glass Technologies

In a data-driven world, HR teams are increasingly taking notice regarding the importance of workforce analytics. Despite the advent of this culture of analytics, companies across industries continue to rack up massive and costly workforce failures. In many cases, businesses rely on data solely from their HRIS system, using it to make key hiring, talent planning, and L&D decisions based on the past – not the needs of the workforce that the firm will need in the future.

Replacement Planning: 3 Steps to Develop Your Organization’s Strategy

HR Bartender

If there’s one activity that has more of an impact than succession planning, it’s replacement planning. A replacement plan identifies “backups” for positions. Replacement planning is often mentioned in conjunction with succession planning because it identifies individuals who can assume roles at some point in the future and shows how ready they are for that role. And recruiters will want to have a say in how that plan is developed.

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

Visier

While the same talent challenges are spurring companies to become more data-driven in workforce decision making, the approaches they are taking fall mainly into two different camps: build or rent. 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.

See Burning Glass Technologies Solutions at HR Tech 2017

Burning Glass Technologies

In A Data and Skills Driven Strategy: Cisco’s Talent Cloud Empowering the Optimal Workforce , Cisco will discuss how big data analysis of millions of job postings, powered by Burning Glass technology, allows the company to stay ahead of its skills needs. Burning Glass data allows Cisco to identify emerging trends in the job market, benchmark its hiring against competitors, and engage employees with career development options.

Understanding Your Most Important Asset

Talent Analytics

Given this importance, it’s a bit strange that data science is only beginning to look inward at the workforce. Long-term workforce planning is done at only a very high level for very common roles. Rules of thumb and industry benchmarks from magazine articles dominate employee strategy. Excerpts from People Analytics in the Era of Big Data: Changing the Way You Attract, Acquire, Develop, and Retain Talent – contributor Pasha Roberts.

How 3 Organizations Solve the Skills Challenge with People Data

Visier - Talent Acquisition

At our Outsmart panel , Solving the Skills Challenge with Data, Ian Cook , Visier’s VP of People Analytics, spoke with three experts about the challenges of skills development in today’s workforce.

Workforce Management of the Future

AbelHR

Developing your workforce is an endless endeavor for almost all businesses. Looking at the latest workforce management trends, you’ll know that changes are indeed in order. The New Challenges for Workforce Management.

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

Visier

“Build vs. Rent” is a common dichotomy in technology buying, but what does it mean when applied to workforce intelligence? The race to adopt workforce intelligence is heating up: according to the Deloitte Human Capital Trends 2016 report , “companies are no longer ‘stuck in neutral’ in their deployment of people analytics… Indeed, analytics capabilities will be a fundamental requirement for the effective HR business partner.”. Building your Workforce Intelligence Solution.

Visier 163

6 Areas Where People Analytics Can Help HR Get Ahead

Career Metis

This helps to even the playing field, creating more diverse, more dynamic workforces in the process. 2) Strategic and Tactical Workforce Planning. It wasn’t too long ago that workforce planning meant capturing employee entries and exists on Excel sheets.

11 HR Analytics Courses Online

Analytics in HR

You will learn to: Leverage strategic workforce planning to make better decisions. R goes further than the traditional tools that are used for HR data benchmarking and analysis, like Microsoft Excel, Access, and SPSS. The entire course takes about 10 hours to complete and is split up into 7 parts with each a separate topic, including performance management, culture, motivation and engagement, compensation, recruitment, and workforce planning.

What skills data told us about HR Skills in Asia – October 2021

Huneety

As part of our mission to support companies understand skills they need to run their business, we regularly survey the job market to analyze skills data, benchmark roles and perform skills mapping. Workforce planning.

The 4 Challenges of Healthcare Talent Management

Eightfold

Workforce planning is one of the best preemptive actions healthcare business owners and hospital management can take to safeguard against these future changes. One solution is to become a mission-driven provider that educates the local workforce in the community to join the mission.

What is HR Data Analytics & How Do We Leverage It?

Ultimate Software

But in contrast to the murky ethics of sourcing and selling consumer-driven data , leveraging internal HR data analytics to make better workforce decisions has been a key Human Resources best practice for decades. HR analytics may be referred to as people analytics, workforce analytics, or talent analytics depending on the context of the data. You can take the guesswork out of succession management and workforce planning.