HR Future-Proofing vs. Firefighting: 5 Strategic Workforce Planning Tips

Visier

But with strategic workforce planning , it is possible to plan ahead — and not just react — in this rapidly changing business environment. Operational and Strategic Workforce Planning Defined. It does not replace operational planning.

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. What is Workforce Planning?

Driving Innovative Business Models through Workforce Planning

hrQ

Workforce planning is one of the most critical competencies for an HR organization. Workforce planning can help a business answer questions ranging from how many people it needs, where they should be located, what jobs they should do, how much they should be paid, and even whether they should be working for your company. That’s where workforce planning comes in. My previous post discusses the fundamentals of workforce planning.

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?

Unlocking the Benefits of Workforce Planning

Acendre

Great talent, and the organizational success that follows from it, are almost always the result of careful planning. common sense that workforce. the benefits that planning deliver or there are problems in execution. benefits of workforce planning. planning process.

Unlocking the Benefits of Workforce Planning

Acendre

Great talent, and the organizational success that follows from it, are almost always the result of careful planning. common sense that workforce. planning is the key to ensuring you have the right talent in place and plans for ensuring you always have the skills and competencies necessary for organizational success. the benefits that planning deliver or there are problems in execution. benefits of workforce planning. planning more carefully.

HR Analytics – HCI Talent Strategy and Workforce Planning conference

Strategic HCM

As well as the books, I’ve been re-reviewing the Human Capital Institute’s recent Talent Strategy and Workforce Planning conference (which I’ve also already posted on here ).

Book Review: Applied Psychology in Talent Management (8th ed.) by Wayne Cascio and Herman Aguinis

Workplace Psychology

Please understand that this is not a reflection on the substance and quality of the book itself, but it is important to point out. The explanation for the 80 percent rule was difficult to follow and the book did not clearly explain what the 80 percent rule actually is.

Be careful! These books can change your career: People Analytics and HR-Tech reading list

Littal Shemer

These books can change your career: People Analytics and HR-Tech reading list. There are too many professional books one can read in a lifespan. This list of People Analytics books is not exceptional. Total kindle books mentioned: 24). Be careful!

Be careful! These books can change your career: People Analytics reading list

Littal Shemer

These books can change your career: People Analytics reading list. There are too many professional books one can read in a life span. This list of People Analytics books is not exceptional. Data-Driven HR: How to Use Analytics and Metrics to Drive Performance. Be careful!

How Businesses Will Win in An Era of Uncertainty

Visier

is making plans to have a new Frankfurt trading hub up and running by the end of 2018. What Uncertain Business Environments Reveal About Modern Workforce Planning Needs. But when long-term talent needs cannot be predicted, it is still possible to plan strategically.

Balancing data and judgment in HR decision making

Steve Boese

A few weeks ago I did an HR Happy Hour Show with Joshua Gans , co-author of the excellent book Prediction Machines. On the show, we talked about one of the central ideas in the book - the continuing importance of human judgment in decision making, even in an environment where advances in AI technology make predictions (essentially options) more available, numerous, and inexpensive. HR HR Happy Hour Human Resources data decisions

Understanding Your Most Important Asset

Talent Analytics

Excerpts from People Analytics in the Era of Big Data: Changing the Way You Attract, Acquire, Develop, and Retain Talent – contributor Pasha Roberts. Given this importance, it’s a bit strange that data science is only beginning to look inward at the workforce.

People analytics and learning: Driving workforce development by delivering the right solution to the right people at the right time

Bersin with Deloitte

Calibrated through multiple data points, these precise solutions drive business outcomes by delivering the right intervention to the right person at the right time. The rapidly changing nature of work is creating a nearly continuous need for upskilling the workforce. The data exist.

People analytics: A step-by-step guide on using data to make hiring decisions

Insperity

Increasingly, businesses are using “people analytics,” drawing on data to find talent, much like professional sports teams have used analytics to help them make trade decisions and sign players (think “Moneyball”). For a snapshot of hiring trends nationally or in your state…visit the Bureau of Labor Statistics or your state workforce commission. To learn how many applicants you have received for a position in the past…mine your organization’s HR data.

Impress Your CEO With These Strategic Business Impact Recruiting Metrics

Visier

Talent Data ” I explained how you can impress your CEO by converting your Talent Acquisition results into dollars. This overall HR metric demonstrates the increasing revenue value that your workforce is creating as a result of good HR and recruiting. Workforce planning.

Peter Howes, SuccessFactors on Career Management

Strategic HCM

I (virtually) attended HCI’s Talent Strategy and Workforce Planning conference this week and will be posting on some of the WFP and data stuff from there over the next few days. I don’t have the data Peter has but I have to say that this feels about right.

Knowing the Customer: How CRM Skills Have Come to Define Careers

Burning Glass Technologies

The days of the sales order book and Rolodex are over, and one of the fastest-growing areas for digital skills in the job market is Customer Relationship Management (CRM) , the catch-all term for a range of software packages that track sales and fundraising contacts.

Impress Your CEO With These Strategic Business Impact Recruiting Metrics

Visier

Talent Data ” I explained how you can impress your CEO by converting your Talent Acquisition results into dollars. This overall HR metric demonstrates the increasing revenue value that your workforce is creating as a result of good HR and recruiting. Workforce planning.

4 Ways to Build Agile Teams Using People Analytics

Visier

Furthermore, the process that supports allocating people to teams (headcount planning) does not take into consideration important details about team formation, turnover trends, or projected employee movement. More Agile Workforce Planning.

The benefits of getting privacy right

Benify

Just as the environment and sustainability came to the forefront in earlier decades as a selling point to the world, the proper protection and usage of personal data (the data decency movement as it is being called) could make or break a company in the future.

How Can HR Head Off the Opioid Crisis?

HR Daily Advisor

Yesterday we heard from Ian Cook, Head of Workforce Solutions at Visier Analytics, about handling the opioid solution in the workplace. Today we’ll look at some of his suggestions including fact based conversations and planning ahead. Step 3: Plan ahead.

Everything You Need to Know About HR Analytics

Reflektive

Human resource analytics is the process of gathering and analyzing data regarding human capital, then using those insights to make data-driven HR decisions. Common data points used by HR analysts include employee databases, performance reviews and feedback, salary and work history, attendance records, surveys, and demographic data. Once this information is processed, analytics tools produce reports and data visualizations that can inform decision-making.

How Does Turnover Impact Your Organization’s Bottom Line?

Visier

As HR teams generate more data, people analytics platforms have made it easier to measure the impact of retention strategies on your organization’s bottom line. . Download “ The Big Book of People Analytics: Turnover and Retention.”

How to Level the Playing Field For HR and Finance

Visier

Still, because people are hard to define only by numbers, CEOs want the CHRO to be a strategic talent advisor who can also speak the language of the business with hard data. According to the survey, the sought-after HR leader is: Data-Driven.

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What the Talent Lifecycle Looks Like in a World “Beyond Employment”

Cornerstone On Demand

The best place to start is with the familiar: The standard talent lifecycle of 1) workforce planning, 2) sourcing talent, 3) selecting talent, 4) developing talent, 5) rewarding work and, eventually, 6) ending the company-worker relationship. Step 1: Workforce Planning.

System 452

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.

5 Ways to Add Value Using Analytics in HR

Spark Hire

Some think that we merely manage the workforce, from recruitment to exit interviews. Using these surveys allow you to gain valuable insights into the workforce without breaking the bank. Strategic Workforce Planning: Staying ahead of the trend.

Important Lessons From the Slower-Growing Gig Economy

Visier

Chris Green, a former sales representative for Bosch Power Tools, penned a book that teaches people to use Fulfilment By Amazon to make money through this type of gig. They recently repeated their analysis using more recent data and found the actual increase was just one or two percent.

System 389

What is HR Analytics?

Analytics in HR

Whether that’s true or not is a second – but a lot of the above can be resolved in becoming more data-driven and analytical savvy. HR analytics is also referred to as people analytics, workforce analytics, or talent analytics. These questions can only be answered using data.

How Businesses Will Win in An Era of Uncertainty

Visier

is making plans to have a new Frankfurt trading hub up and running by the end of 2018. What Uncertain Business Environments Reveal About Modern Workforce Planning Needs. But when long-term talent needs cannot be predicted, it is still possible to plan strategically.

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. However, new survey data released by Harvard Business Review Analytic Services reveals that reality falls far short of this objective for HR leadership.

CHRO 315

Opioid Crisis: Determining the Impact to Your Workplace

Visier

While people struggling with drug dependencies are more likely to be out of work than those who are not, 75% of people with addiction issues are in the workforce, creating a roster of challenges for organizations of all sizes. Strategic action based on hard data is also required.

Data 248

Your Guide to AI Talent Acquisition

AllyO

Long-range workforce planning and finding specialists, top executives, and strategically important talent are critical pieces of talent acquisition. . Machine learning underpins data analytics that drives better decision-making and stronger talent acquisition.

How talent optimization can help you hire and retain

PI Worldwide

I’m a big fan of industry reports and annual summaries that include survey data. That’s why more and more companies are investing in tools that analyze employee data “to better hire, manage, retain, and optimize their workforce.” In fact, 48 percent of respondents said that having “inaccurate, inconsistent, or hard-to-access data requiring too much manual manipulation” is a major obstacle to using people analytics effectively.

The HR Leadership Revolution — Will You Thrive?

Visier

The workforce in the developed world and China is rapidly aging. Despite increasing automation, in the next 20 years there will be a serious shortage of skilled workforce everywhere. Successful CHROs are: Data-Driven. Have an Informed Point of View on Workforce Cost Concerns.

CHRO 407

Diary of a Deployment: Workday Adopts Adaptive Insights Business Planning Cloud

Workday

Today at Workday Rising , I had the pleasure of joining Tom Bogan, CEO of Adaptive Insights, on stage to announce that Workday is now live on Adaptive Insights Business Planning Cloud—only 10 short weeks from when we kicked off the deployment. I’m incredibly excited by what this means for Workday and the ability of our financial planning and analysis (FP&A) team to help guide the business with insight. Plan the Work, Work the Plan.