Use Strategic Planning Techniques to Build Your Workforce Plan

HR Bartender

Workforce planning is about developing a proactive approach to talent acquisition. I had the opportunity to participate in the Society for Human Resource Management (SHRM) seminar “ Workforce Planning: The Future of Work ”. A strategic plan involves four steps.

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.

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.

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?

The Pros and Cons of Six Different Competency Models

AvilarHR

Can’t decide which competency model to use? When it comes to a competency model and deciding how to incorporate competencies into your employee performance management process, you will need to consider how these competencies will be defined , assessed, and rated.

Workforce planning strategies to meet the federal hiring freeze

HR Times

Will the hiring freeze issued on January 22, 2017, by the White House be part of a longer-term strategy to reshape the federal workforce? How will a reshaped workforce impact agencies’ abilities to support operations and mission needs? Develop a smart approach to workforce reshaping.

Workforce Planning to Defend Your Agency’s Budget

Acendre

” Fortunately, through modern workforce planning and analytics solutions , you can defend budget proposals with precise data which directly speaks to ROI-benefiting outcomes. Avoid passive “firefighting” reactions to staffing developments through dashboards and reports, which enable you to stay on top of imminent workforce trends. Competency forecasting. You’ll advance strategic planning through optimal forecasting and risk mitigation.

STRATEGIC WORKFORCE PLANNING: A MUST HAVE 2019 NEW YEAR’S RESOLUTION

myhrtoolkit

Among the chaos, do you think your workforce plan is ready to kick into gear come 02 January 2019? DEFINING SWP – STRATEGIC WORKFORCE PLANNING. Plan for the worst and hope for the best is the most practical approach in the disruptive nature of today’s business realm.

8 Critical Success Factors for Competency Management Implementation

AvilarHR

Competency management can be used in a variety of ways to benefit an organization. From recruitment to hiring to compensation to training, there is a broad spectrum of applications that can benefit from a solid competency management method. Build Your Foundation with Concrete (Data).

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.

Workforce Planning to Defend Your Agency’s Budget

Acendre

” Fortunately, through modern workforce planning and analytics solutions , you can defend budget proposals with precise data which directly speaks to ROI-benefiting outcomes. Avoid passive “firefighting” reactions to staffing developments through dashboards and reports, which enable you to stay on top of imminent workforce trends. Competency forecasting. You’ll advance strategic planning through optimal forecasting and risk mitigation.

How to Compete For Talent Against the Amazons of Your Industry–and Win

Visier

With Amazon planning to hire upwards of 50,000 employees, the tech giant poses a serious threat to a company’s ability to attract and hire key talent. Likewise, this data-driven approach can reveal the bottlenecks slowing down hiring and inform you on the right actions to take to fix them.

8 Things To Consider Before Building a Workforce Planning

NGA Human Resources

Everybody knows that nowadays it’s critical for companies to have the right people, in the right place, at the right time and with the right competences to execute the business strategy. Workforce planning is a key element to your business success.

Get Your Crystal Balls Ready, HR Data Ninjas

SuccessFactors

There is a way to avoid this continuing to happen… HR, it is time to embrace your inner Data Ninja! HR analytics and workforce planning. Effective workforce planning is more than understanding costs, hiring trends, and attrition.

The Win-Win of Leveraging Baby Boomers

China Gorman

Just as I wrestle with these questions, organizations are facing stiff headwinds on the talent pipeline front making workers like me critical components in workforce planning activities. Provide Support for Retirement Planning.

Scenario Planning Basics for Strategic Talent Planning in a Brexit World

Visier

Organisations were advised to recruit older workers, invest in skills development, and compete for younger candidates. At first glance, the above story might look like a cautionary tale about the perils of strategic talent planning. Step 2: Know Your Total Cost of Workforce.

You Are Who You Hire: Using Jobs Data for Competitive Intelligence

Burning Glass Technologies

Recruiters often say “you are who you hire,” but the real trick is turning jobs data into a useful source of competitive intelligence. Real-time jobs data can offer important insight into other companies—or for that matter, your own company.

That State of American Jobs and Workers

China Gorman

While I was browsing the internet looking for some economic data, I came across this 2016 report from the Pew Research Center: The State of American Jobs. They conduct public opinion polling, demographic research, content analysis and other data-driven social science research.”.

How to Develop Data-Analytics Skills in HR

Analytics in HR

The ability to analyze and extract valuable insights from workforce data is an increasingly sought-after skill in HR. But adding data-analytics competency in the HR staff is a challenge. Data Analytics Training Options.

Organizational Agility: Preparing Your Workforce for Change

Workday

Established organizations are at a crossroads: Acquire the skills needed to compete and win or someone else will. The speed and dynamism of the global market, together with the emergence of machine learning and other data-driven technologies, puts the onus on businesses to ensure they remain nimble. Of those core capabilities, our study finds businesses are most proactive when it comes to building and skilling the future workforce. Why Build the Future Workforce?

Increased Transparency of Human Capital Data – an interview with Brian Wilkerson

hrQ

The article examines the pros and cons of more transparency in human capital data being available to investors. What are some of the contributing factors that caused the standardization and disclosure of human capital data to become an essential area of focus by the SEC?

Alternatives to Firing an Employee

AvilarHR

Often times, the need to terminate an employee is triggered by a mismatch between the employee’s competencies and the requirements of the employee’s particular job. Use a Competency Management System to Build Skill Sets.

Certifications vs Certificates: What’s the Difference?

Burning Glass Technologies

Because certifications are independently verified, employers often use them as a check on whether an applicant has the specific skills or competencies needed.

Why Succession Planning is a Top Priority for the Federal Government

AvilarHR

Against the backdrop of this stark reality, the OPM issued a 46-page 2018 Federal Workforce Priorities Report earlier this year. In the report, OPM outlined federal workforce priorities. Succession Planning and Knowledge Transfer.”. Conduct Competency Gap Analysis.

Can watching start-ups tell the future of how to shape talent?

Burning Glass Technologies

Yet, traditional financial services companies (the largest banks, credit card companies, and investment firms) continue to face an uphill battle when competing with the next-generation FinTech companies (like PayPal, Mint, Square or Credit Karma).

Three Outcomes Human Resource Leaders Can Provide the CEO to Avoid Workforce Restructuring

Burning Glass Technologies

Workforce restructuring costs companies billions of dollars each year due to lack of planning for the future talent needs. With the right techniques, Human Resource leaders can offer CEOs three ways to avert these wrenching changes and better meet workforce needs.

People analytics: Does Your Organization Run Data-Driven Processes?

Empxtrack

Changing human resource management to a data-driven mindset can be challenging. However, being data-driven is vital for a forward moving business. Data analytics measures success of HR initiatives and helps in making well-informed decisions. Relying on “gut feel” to make important business decisions and competing in a marketplace isn’t an ideal thing any more. Organizations need data to back up even the smallest decisions. And the data is here.

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”). Besides the basics, single out the core competencies critical to the role. For a snapshot of hiring trends nationally or in your state…visit the Bureau of Labor Statistics or your state workforce commission. Data is competitive intelligence.

How Microsoft Uses This One Type of Data to Get Ahead of Talent Trends

Linkedin Talent Blog

Justin’s Excellence team supports that huge ambition with sourcing and channel strategies, workforce planning, market insights and intelligence, and a lot of roles in between and around those. TAM data will help you set the tone in talent conversations and guide hiring managers.

LinkedIn Talent Insights Gives You the Real-Time, Accurate Talent Data You Need

Linkedin Talent Blog

This is our first self-serve data product that taps into LinkedIn’s network of 575M+ professionals, 20M+ companies and 15M+ active job listings to empower you with the insights you need. Make the insights actionable: ensure that anyone can interpret the data.

How Four Companies Enable their HRBPs with People Analytics

Visier

Many organizations want to enable their HRBPs to adopt a data-driven approach and be the ambassadors for people analytics while providing consultative support to the business on talent strategy. The answer was a resounding yes and the numbers on the data savvy aspect were even lower for some.

Preparing for Uncertainty: 5 Ways to Ensure the Best Talent Knows You Are Open for Business

HR Daily Advisor

Whether borders are open or closed, governments are left or right, developing a workforce plan that accounts for change and unforeseen circumstances is key for companies to remain competitive in a slow-growth environment during times of uncertainty. Capitalize on Workforce Data.

Amazon Coming to Town? Mitigate Talent Shortfalls with People Analytics

HR Daily Advisor

With Amazon planning to hire upwards of 50,000 employees, this fear should be taken seriously. A data-driven process is one smart strategy that business leaders can take to mitigate the risks—and find the opportunities—associated with Amazon’s big move. Data demystifies employee churn.

AI Expected to Replace Nearly 10% of Jobs in 10 Years, Says Survey

HR Daily Advisor

These findings, coupled with insight on AI’s implications for tomorrow’s talent and workforce strategies, are available in a new research report, AI and the World of Work: Embracing the Promises and Realities. HR Management AI data HR innovation

6 Skills Every HR Technology Leader Must Develop Starting in 2017

Visier

Technology impacts all of us personally in how we communicate, make purchases, plan travel, find love, discover a great restaurant, or get a ride across town. Innovative Reasoning Based on Data. The amount of data we collect is growing exponentially.

CHRO 313

Post-Brexit Workforce Challenges: How to Strategically Plan Through Ambiguity

Visier

In times of uncertainty, strong people leaders who can rapidly define and shape the workforce required to strategically position the organisation for success offer more than a competitive advantage. Strategic Planning Through Ambiguity: An Opportunity for HR. Competency #3: Agility.

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