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.

Why HR Needs Data-Driven Workforce Planning to Avoid Talent Shortfalls

Visier

In the following graph, we see how many hires are being made, by comparison to the number of job openings: For nearly the entire history of the JOLTS data, more hires are tracked than job openings, but recently this relationship has switched. The Better Way to Do Workforce Planning.

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Why Agile Workforce Planning is Key for Organizational Success

Visier

This is supported by a critical element that is often overlooked: agile workforce planning. In short, to have a responsive workforce, the process that supports this (workforce planning) needs to be adaptable itself. Plan for an aggressive recruitment strategy?

Strategic Workforce Planning in 3-2-1

Analytics in HR

Strategic workforce planning (SWP) is a commonly used term for a multitude of approaches to achieve a singular goal: having enough employees of sufficient quality in the future. Existing processes and cycles can contribute to such transparency, strengthened with data and analytics.

Workforce Planning in 2019: 4 Trends to Watch

Pingboard

In an ever-evolving business environment, it’s challenging for companies to plan ahead and anticipate their future needs. That said, a strategic workforce plan can ensure you’re prepared for what’s next and that all the right talent and skills are in place to help your company thrive.

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?

Reforecasting Amid Upheaval: Best Practices for Financial and Workforce Planning

Workday

If your role includes financial planning and analysis, you likely had just completed your 2020 revenue, headcount, hiring, opex, and capex forecasts, only to find that COVID-19 rendered them moot. How can you chart a new course when time is of the essence and the waters are murky?

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?

Back to School: 12 Online HR Courses to Check Out

Digital HR Tech

Since we know you’re busy people, we created a list of 12 online HR courses to check out. Not only does that save you time searching, but you can also do the course you like from the comfort of your own office (or home, or any other spot you prefer). HR Data Analyst.

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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. Instead, HR and workforce planners should be looking to people analytics to enable them to make better strategic decisions. Data vizualisation of a workforce plan.

3 Workforce Planning Tips for Project-Based Businesses

Workday

But, of course, too much of the team sitting idle isn’t ideal, either. Face it: Personnel planning is never going to be super flexible if you’re stuck using static, error-prone spreadsheets. With Excel, modeling different scenarios is a time-intensive undertaking—manually manipulating data and cross-checking assumptions. But if you swap out those clunky spreadsheets for the right business planning tool , scenario planning takes mere seconds and a few clicks of a button.

Customer Voice: How Workforce Planning Supports Rapid Growth

Workday

Rapid global growth is never easy—but it can be much smarter and more efficient with workforce planning. In this article, Andrew Brett, financial accounting manager at Pinsent Masons, shares how the firm uses workforce planning to better manage growth—and the insights it’s gaining in the process. How do your business leaders think about workforce planning? Business leaders will often point out that their workforce is their largest expense.

Workforce Planning 101 [Infographic]

Visier

As Vice President of Workforce Management Practice and Principal Analyst at Brandon Hall Group Mollie Lombardi wrote in this Workforce Planning blog post last year: “Workforce planning is tricky business. Not just because of the complexity entailed in the process, but because if you ask four people what workforce planning is, you’ll likely wind up with five definitions.”. So, what is Workforce Planning?

4 Data-Driven Steps to Increase Headcount on a Budget

Visier

The Power of Cost-Focused Scenario Planning: Do More With Less. Let’s say you are a workforce planner for a large corporation and a business leader comes to your team with a problem. Of course, cost is not the only factor to consider at this stage. Workforce Planning

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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.

Use This Staff Demand Calculator for COVID-19 Surge Planning

Visier

This calculator takes your estimated bed counts and staff ratios and produces the size and type of workforce needed to care for an influx of critical care patients. This type of staff ratio planning is equally useful for other employee types (e.g. Deeper Insights Workforce Planning

5 Steps to Improve Talent Acquisition Through Better Data Analysis

Acendre

5 Steps to Improve Talent Acquisition Through Better Data Analysis. These blueprints are developed as a process allowing rapid and accurate production of all the building elements creating an architectural plan. Look at the four pieces of your talent acquisition game plan.

Are You Planning For Your Future Workforce?

China Gorman

Accenture ’s strategy group has published an interesting look at the workforce of the future: Harnessing Revolution, Creating the future workforce. Investing in additional skills at the top of the house could make or break your workforce planning outcomes.

8 Things To Consider Before Building a Workforce Planning

NGA Human Resources

Workforce planning is a key element to your business success. It has become increasingly important for organizations over the last several years, helping manage an agile workforce in a volatile world. I F YOU FAIL TO PLAN , YOU PLAN TO FAIL.”.

Innovative HR and Why Technology Innovators Can’t Survive Without It

Visier

Editor’s note: This popular post has been updated with new data and information to ensure you’re ready for the talent demands of today and the future. A data-driven approach can provide the actionable insights HR needs to get the upper-hand and succeed.

Think You Know Your Total Cost of Workforce? Think Again.

Visier

Do you have a detailed and accurate understanding of your total cost of workforce (TCOW)? This is because, in too many organizations, just finding the data can take several months, and as a result, this kind of overwhelmingly large project is only considered when it can no longer be avoided.

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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Five Powerful Ways Your HR Team Can Leverage Big Data

SuccessFactors

The term “Big Data” seems mysterious to many HR organizations. Of course, if you don’t know what this technology is and how it works, you can’t use it to add value. Big Data describes the huge amount of data, both structured and unstructured, that people and systems are using.

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Unleash 2019: It’s All About Smart Data and Reboot(ing) HR

Visier

And of course there’s the Unleash conference, which for me, is totally exciting. Your guide to Unleash from a Smart Data Perspective. Key sessions to attend on the Smart Data Track. Private Blockchain Supported Payroll: Trusted and secure controls for employee data.

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Innovative HR and Why Technology Innovators Can’t Survive Without It

Visier

A data-driven approach can provide the actionable insights HR needs to get the upper-hand and succeed. Fortunately, a scientific mindset gels naturally with this industry — tech CEOs see data and analytics technologies as generating the greatest return for stakeholder engagement.

The Changing Workplace, Part 1: Why Remote Work is Gaining Permanence

Workday

Welcoming and facilitating telecommuting is a big part of planning for how work will look long-term as we weather this storm, even after the local orders are lifted. How should employers factor that reality into their plans for returning to the workplace?

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. How are privacy and data considerations adding additional complexity to maintaining a safe workplace?

Scenario Planning Basics for Strategic Talent Planning in a Brexit World

Visier

As Stephen Taylor describes in the HR textbook, People Resourcing , organisations that had acted on plans to manage the feared shortage were sometimes worse off than organisations that did not develop elaborate strategies. The goal, of course, is not to see the future with 100% certainty.

Workday Partner Tips: The Remote Workforce and 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. A remote workforce is already a reality for many organizations.

Looking Forward: Best Practices for Financial Scenario Modeling

Workday

We spoke with her to get more best practices and tips for financial planning and analysis (FP&A) teams. How did Workday have to adapt its business planning process following the start of the crisis? Then of course, everything changed with COVID-19.

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.

How Virgin Cruises is Setting a Course for the Future with Workday

Workday

Based in the Miami area, Virgin Cruises plans to design and build three new world class cruise ships, with the first expected to launch in 2020. To help the company prepare for its bright future, Virgin Cruises selected Workday, including Workday Financial Management , Workday Human Capital Management , and Workday Planning , to create a technology foundation that reflects the values and spirit of the Virgin brand during a period of rapid growth and innovation.

Message Is Clear at Adaptive Live 2020: You?re Essential?and So Is Modern Planning

Workday

Kevin Kain, director of FP&A at the healthcare organization, assured Adaptive Live attendees via live video from his home that the use of our modern planning platform is helping ChristianaCare face an uncertain future with confidence: “We’re ready for what’s next.”.

Remote Workforce Management: How to Adapt and Succeed

Workday

We closed offices worldwide amidst the pandemic and instituted mandatory work-from-home guidelines for most of our workforce. Human Capital Management HR Transformation Organizational Agility Payroll Workforce Planning Human Resources Customers and Community Customers

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.