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?

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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 ).

Best Human Resources Book You Should Read in 2020

TalenX

In 2020, there are a plethora of human resource management books to choose from. The following is a carefully curated list of the best of the best human resource management books. In Lowisz’s book, he argues that 2020 is the decade where updates to the hiring process should be made.

Workforce Planners: 4 Steps to Improving Profit Margins for Services

Visier

To further complicate things, when dealing with a multi-year project, the workforce will likely become more expensive within the contract’s lifetime. Data from our aggregated database of 3.5 For professional services firms, keeping a close eye on rising workforce costs is crucial.

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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 Customers Are Using Workday to Respond to COVID-19

Workday

Many customers have common needs—like paying their employees on time, identifying new resources and skills, and closing their books remotely—but what’s happening in their specific industries is driving their individual needs.

Workday Partner Tips: Top Focus Areas for CFOs During COVID-19

Workday

In this series, we’re sharing content from our partners that provides actionable guidance on managing your business and taking care of your workforce both during and in the aftermath of the COVID-19 pandemic. Welcome to the Workday Partner Tips series.

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.

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.

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.

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.

Q2 Workforce and Economic Trends: Keeping You Ahead of the Curve

hrQ

hrQ’s team of analysts and data scientists are constantly monitoring key workforce and economic trends, including the COVID-19 pandemic, to help guide our clients on their Human Capital Strategy. This webinar will particularly helpful for CHROs, HR strategists, workforce planners, and other strategists/analysts who are concerned about Human Capital trends. The post Q2 Workforce and Economic Trends: Keeping You Ahead of the Curve appeared first on hrQ.

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 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.

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Are High-Skill Occupations “Safe” from Automation?

Visier

When Amazon first arrived on the scene, books were its early focus for product selection, buyer insights, distribution and pricing. Leaders who aim to anticipate the effects of automation on their workforce often focus first on the more “vulnerable” work.

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.

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.”

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.

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