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.

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?

How to Keep HR and Finance in Sync on Workforce Planning

Visier

By definition, their role is to catch the football when the quarterback throws it. Before the catch, the receiver typically runs a pre-planned route on the field to escape coverage from the defensive team and get into an open space for the catch.

How to Keep HR and Finance in Sync on Workforce Planning

Visier

By definition, their role is to catch the football when the quarterback throws it. Before the catch, the receiver typically runs a pre-planned route on the field to escape coverage from the defensive team and get into an open space for the catch.

How to Keep HR and Finance in Sync on Workforce Planning

Visier

By definition, their role is to catch the football when the quarterback throws it. Before the catch, the receiver typically runs a pre-planned route on the field to escape coverage from the defensive team and get into an open space for the catch.

4 Trends Impacting Workforce Planning

Oracle HCM - Modern HR in the Cloud

How can HR leaders build a workforce plan when we don't know what the future will be? Planning is HR's never-ending challenge, but like every other business function, it’s an important part of our responsibility. Ultimately, no plan is perfect.

5 Steps to Avoid Talent Shortfalls Using Data-Driven Workforce Planning

Visier

a big postwar question, and ushered in an era of new revolutionary practices, such as coaching, job rotation, 360-degree feedback, high-potential tracks, and succession planning. Companies with poor workforce planning were at risk of going out of business or being sold off.

How Hershey Used Data to Increase Retention Rates and Improve Workforce Planning

Linkedin Talent Blog

In order to proactively plan for hiring needs ahead of time, Hershey needed a systematic process to predict attrition. Sean and Emilie embraced people analytics because they knew how to drive results with data: now they’re putting those skills into action. “We

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

Ultimate Software

Data is now the most valuable currency in the world. 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.

Inspire Data-Driven Change: Key Takeaways from Outsmart 2019

Visier

From the very beginning of Outsmart 2019 –our annual people analytics and workforce planning conference–the data-driven leaders were told to: “Inspire change, together.”. We also have a lot of data that we’re afraid to confront. What’s our uncomfortable data in HR?

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HR Data Quality

HR Examiner

Neil McCormick and Dr. Chris Andrews discuss the need for a globally recognized, structured approach, to managing and maintaining the overall workforce data quality in organizations. HR Data Quality. His statement that ‘ Data depreciates.

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Strategic Workforce Planning in APAC: Dream or Reality?

Cielo HR Leader

Despite all the enthusiastic talk about strategic workforce planning (SWP) in the established economies of the West, few organizations have managed to successfully implement it in any meaningful way. So, while there’s a definite desire to get consistency of approach into our HR policies and procedures, we need to balance this with understanding the industry-specific characteristics, so as to enable our people to get the job done in the most efficient and effective way.

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

Visier

They are particularly powerful in scenarios where the path to business impact is less obvious, and so we often see them in process-heavy or data-heavy disciplines. Managing employee data, and turning it into business impact is, therefore, a perfect scenario for a maturity model.

The True Cost of On-Demand Talent

China Gorman

And while a definition of “On-Demand” was never given, it’s clear that it means more than the traditional blue collar or retail “temp” definition. workforce is now part of the corporate on-demand economy. 88% of businesses are currently using an on-demand workforce.

Changing the Way We Think About Skills

Burning Glass Technologies

But these definitions of skills haven’t been precise enough to enable workforce boards, higher education, and businesses to make practical decisions. Higher education institutions can improve their curriculum planning by using the lens of this new skills framework.

Top 10 U.S. Cities Facing Aging Workforce Challenges

Burning Glass Technologies

Every workforce development agency has one metric they follow closely: the average age of their local workforce. What Factors C ontribute to an Aging Workforce? An aging workforce can be caused by many different factors. How to Respond to an Aging Workforce.

Workday Podcast: Getting in on the Act with Active Planning

Workday

Making a plan isn’t typically the hard part, but sticking to it is. Today, technology can enable active planning, which is updated continuously and can guide the business. I talked to Kerman Lau, vice president of financial planning and analysis at Adaptive Insights, about active planning: what it is, why it matters, and what successful planning looks like. Listen on SoundCloud: Workday Podcast: Getting in on the Act with Active Planning.

Human Resources Needs a Common Language for Managing Business Data

Oracle HCM - Modern HR in the Cloud

HR Big Data With modern HR systems now producing, collecting, and storing reams of data, a next logical step is to make sense of it all to enable intelligent business decisions. We see an early example of big data being collected and shared by companies such as Glassdoor and Salary.com.

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. Data warehouse software licenses. Data integration tools licenses.

Merck KGaA: A Case Study for Organization-Wide People Analytics

Visier

Everywhere, applications are accessing data from a wide array of sources such as social media, credit cards, customer loyalty cards, smart metering systems, and personal aid devices – all for the purposes of data analysis.

Merck KGaA: A Case Study for Organization-Wide People Analytics

Visier

Everywhere, applications are accessing data from a wide array of sources such as social media, credit cards, customer loyalty cards, smart metering systems, and personal aid devices – all for the purposes of data analysis.

Merck KGaA: A Case Study for Organization-Wide People Analytics

Visier

Everywhere, applications are accessing data from a wide array of sources such as social media, credit cards, customer loyalty cards, smart metering systems, and personal aid devices – all for the purposes of data analysis.

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.

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? Building your Workforce Intelligence Solution. Recently, I learned about a large software organization’s quest to build a workforce analytics solution.

7 Ways to Improve your Hiring In 2017

Visier

Data from the U.S. Companies simply cannot hire fast enough to keep up with their workforce demands and competition is fierce for those high potential people who will deliver innovative solutions or go above and beyond for customers. Adopt a Data-Driven Mindset.

Your Can’t-Miss People Analytics Conferences of 2019

Visier

Whether you’re just beginning your journey or looking to advance your practices, attending conferences is one of the best ways to accelerate the maturity of your data and analytics capabilities. HCI Workforce Planning and People Analytics Conference.

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.

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.

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12 Org Chart Software Upgrades Worth Paying For

Pingboard

Live org charts increase efficiency, improve the onboarding process, support workforce planning efforts, and enhance company culture. Automatic data updates. You need access to the most up-to-date HR and IT data that’s available—and who has time to make manual updates?

How To Reduce Employee Turnover with Workforce Analytics

Visier

However, knowing your turnover rate does little to support strategic business plans. HR, with its understanding of human capital dynamics, is uniquely positioned in the organization to ensure the workforce is aligned with the needs of the business at the optimal cost.

When People Analytics grows up

Analytics in HR

We have all seen maturity models for Analytics, and they tend to focus mostly on the sophistication of analytics techniques, because they are generic data-science-maturity models applied to the HR and Management area (i.e. Next, you clarify basic definitions and data sources (i.e.

HR’s Critical Role: Connecting Talent Management to Business Outcomes

Visier

At the same time, talent management—a bedrock component of the HR function—is by definition a strategic pursuit. The answer is simple—it’s because workforce metrics and programs have traditionally been difficult to connect to business results.

Curbing Employee Turnover Contagion in the Workplace

Visier

Granted, not all turnover is bad — such as when weak performing employees leave — but when people, particularly top performers in critical roles , start quitting in rapid succession, it’s definitely going to negatively impact overall productivity and the bottom line.

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.

Using people analytics to get to High-Impact HR

HR Times

Driving revenue in new and existing channels by mixing labor data with customer and pricing data to enhance the development and deployment of human capital. Delivering high impact—Start with believable data. Deliver data that matters to the business.

How To Reduce Employee Turnover with Workforce Analytics

Visier

However, knowing your turnover rate does little to support strategic business plans. HR, with its understanding of human capital dynamics, is uniquely positioned in the organization to ensure the workforce is aligned with the needs of the business at the optimal cost.

KKR Makes Major Investment in Leading Labor Market Analytics Provider Burning Glass

Burning Glass Technologies

11, 2019—KKR, a leading global investment firm, and Burning Glass Technologies, the world’s leading real-time labor market data source, today announced that KKR has completed the acquisition of a majority stake in Burning Glass from Providence Strategic Growth.