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 ”. I was really interested in taking this seminar because I think that workforce planning is going to be a key activity for organizations faced with recruiting challenges. I listened to the entire workforce plan class after the fact.

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. We are in an unprecedented war for talent: companies cannot hire fast enough to keep up with their workforce demands. Today, HR has the opportunity to enter the spotlight again as a leader in workforce planning.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Managing Costs through Workforce Planning

hrQ

With the evolution of workforce planning, this is both unnecessary and unwise. Workforce planning provides a platform by which cost-cutting can be a quantitative precision exercise where outcomes are more certain and the ability of the organization to remain effective can be preserved. In most cases, workforce planning can be used to effectively manage costs in a way that reduces or eliminates the need for this type of massive cost-cutting exercise.

Prepare for Nurse Retirements and Shortage with Intelligent Workforce Planning

Visier

According to a survey by the National Council of State Board of Nursing and the Forum of State Nursing Workforce Centers, 55% of registered nurses (RN) are age 50 or older. Improving HCAHPS Scores with Data-Driven HR. Healthcare providers have a unique driver to connect their workforce decisions to business outcomes: cost of healthcare delivery, and patient outcomes and satisfaction. Navigating Nurse Retirement with the New Workforce 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. In this article, we will dive into what workforce planning is, the process, give a number of examples, and end with a toolkit on how to get started when you want to start planning your workforce.

3 Real-Life Lessons About Workforce Planning

Pingboard

For any organization, thoughtful workforce planning can hold the keys to retaining talent, meeting employee expectations, and reaching important strategic goals. While it may be a challenge to successfully connect workforce planning activities with long-term business objectives, here are 3 real-life lessons that can help you get started in making those connections: 1. Make Better Data-Driven Decisions. Article talent management workforce planning

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.

Using people analytics to determine your future workforce strategy

LACE Partners

How many businesses – and HR teams by extension – have been able to properly leverage data and analytics to drive productivity since lockdown? Has there been a tendency for some organisations to over elaborate on the way they analyse their people performance data?

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. Could strategic workforce planning be the ‘magic bullet’ solution? First of all, let me say that I’m a big fan of the whole concept of strategic workforce planning. In time I’d definitely like to see more organizations conducting SWP as a standard exercise.

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. So let’s take a look at the 8 things to consider before building your Workforce Planning. “I I F YOU FAIL TO PLAN , YOU PLAN TO FAIL.”. Secure your data: All planning must begin with a clear picture of the current situation.

3 Ways to Free Up Budget to Reinvest in Your Workforce

Visier - Talent Acquisition

But long-term employee development and succession planning shouldn’t be ignored: According to Gallup, when people feel inspired in their work, they are less prone to burnout , and one way to inspire people is to invest in their personal growth. Find funding with workforce analytics.

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. According to both hiring patterns, Company A has a sales-first strategy, meaning they plan to spend their time and resources focusing on their current customers and attaining new ones.

CFO Checklist: Guiding Your Business Through a Successful Return to Work

Workday

Since there is no universal game plan for a transition like this, my colleagues at Workday have joined forces with our customers and industry experts to put together the list below. Financial Planning. Operational Planning. Workforce Planning.

Why Being Data-Driven Isn’t Enough

Visier - Talent Acquisition

Even the most qualitative departments, such as Marketing, moved from “art” to “science” through the use of data. . Indeed, the “art” of modern business is that everything can be quantified and measured, and data is now the single most important type of capital that an enterprise can own. Business operations run everything on data and it seems like there isn’t a single corporate function that isn’t data-driven–except for HR. . The data hurdles HR faces.

Reimagining Talent, Work, and Workplaces in a COVID-19 World

Workday

The company offers a talent matching platform that uses a unique dataset, captured through a series of behavioral science-based exercises that objectively measure cognitive, social, and behavioral attributes, and ethical artificial intelligence (AI) to match individuals with their best-fit job. The pandemic has forced rapid changes to workplaces and workforces worldwide on top of what was already looming with the prospects of a recession.

Organizational Agility: Preparing Your Workforce for Change

Workday

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. In the following sections, we take a look at why it pays to build—and keep—an agile workforce , and which skills will be critical to tomorrow’s winners. .

AAA NCNU: On the Road to Planning Nirvana

Workday

We spoke recently with Dustin Cramer, vice president of financial planning and analysis at AAA Northern California, Nevada & Utah (NCNU), which provides automotive, insurance, and travel services to more than 5.7 Cramer shared his thoughts on the company’s new approach to budgeting and planning with Workday. As part of this, we went through a Workday integration exercise where we moved those clubs from their ERP systems to Workday in just over three months.

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

Visier - Talent Acquisition

Your guide to Unleash from a Smart Data Perspective. So, if you are too, here’s your guide to the two+ day event based on perusing the entire “Smart Data” track, for which I actually will be the session introducer. This year, the sessions are dealing with explicit challenges of hiring, developing, retaining, and overarching organizational issues around workforce planning as well as new innovations in security of payroll. Key sessions to attend on the Smart Data Track.

Why whole-person care can empower employees and organizations

HRExecutive

If the HR response to the pandemic was a book, Chapter 1 would have been focused on the effort to transition employees from the office to home : getting them there safely, equipping them with the right tools, figuring out how to manage a remote workforce.

11 HR Analytics Courses Online

Analytics in HR

Courses range from top-level analytics knowledge, to actually doing analytics, basic statistical knowledge, HR data and metrics, and more. Additionally, the course provides an introduction to data management, commonly available data sources within organizations, different statistical techniques to analyze data, and common pitfalls in starting with people analytics. This course aims for the HR professional who wants to get started with data.

Understand The Role Of AI In HR in 2020

CuteHR

From recruitment to talent management, AI has the power to transform employee experience manifolds through speedy and accurate processing of large volumes of data. This is a branch of Artificial Intelligence that enables to create and make predictions based on certain data pattern and hence help in decision making accordingly. It is a concept that algorithms can learn through recorded data without being programmed to do so. Workforce

Data 52

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. The changing workforce demographics require a more nimble and skilled approach to linking talent and business outcomes. Now more than ever, business leaders need strategic insight and the ability to model how workforce trends impact revenues and profits — quickly and accurately.

CHRO 315

Talent Management Models for HR in 2020

CuteHR

Planning. To initiate planning, primarily you would have to identify your business strategy. Developing a practical plan for recruitment or workforce management. An evaluation of the workforce plan is needed to begin with initially. . Succession planning .

How to Successfully Select and Implement an HRIS | Human Resources Information System

Analytics in HR

A good example is the onboarding process, which could now be individually tailored and automatically triggered by the data points obtained in the recruitment process. Traditional HRIS workflow is based on hard-coded business rules, whereas HR analytics is based on statistical modeling/machine learning applied to HR data. However, HR analytics can augment a Human Resources Information System by improving the scope and accuracy of HR data analysis and HR decision making.

Workforce Scheduling Complete Guide For 2020

CuteHR

Every organization ought to possess a thorough and practical plan of action. Therefore, it becomes mandatory that a plan of action is primarily enabled and expedited by proper workforce scheduling. . Workforce scheduling assumes a top priority, due to its implications on the most tangible and superior asset of an organization – human capital. Proper workforce scheduling and management have proven benefits. What is Workforce Scheduling? Workforce

Talent Acquisition: A Full Guide

Digital HR Tech

A great tool is a 30-60-90 day plan for candidates. A great exercise is to map the process and identify your current practices – and pain points – per stage, and then sit with the business to identify how these stages can be made business-oriented. Workforce planning & forecasting. Talent acquisition decisions are influenced by the organizational and workforce developments. This is why workforce planning is a key skill and helps in forecasting.

How New SEC Disclosure Rules Impact CHROs and CFOs

Visier - Talent Acquisition

Forward looking organizations will not just look toward compliance, but also toward driving direct business benefit from the additional data they will now be looking at. For one thing HRIS’ systems are notoriously bad at storing historical data in a way that makes it easy to retrieve.

CHRO 70

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. . AI talent acquisition harnesses the ability of artificial intelligence to derive insights from large amounts of data and automate much of the labor-intensive, repetitive work that goes into hiring talent. Machine learning underpins data analytics that drives better decision-making and stronger talent acquisition.

5 Workforce Questions that Put Your People First

Visier - Talent Acquisition

Are the questions and observations here consistent with your experience as you implement response plans and (possibly) start thinking about recovery? Proactive organizations haven’t waited for government orders to make work from home plans or consider employee safety measures. The right blend of data can provide clarity about what organizations need to be doing next. A reduction in force (RIF) is a tough exercise under any scenario.

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. The changing workforce demographics require a more nimble and skilled approach to linking talent and business outcomes. Now more than ever, business leaders need strategic insight and the ability to model how workforce trends impact revenues and profits — quickly and accurately.

CHRO 150

A Talent Map for the Future

i4cp

But it’s what HR leaders must do daily—forecast workforce needs, and anticipate new technologies and talent trends that will shape how the organization does business. 2 to attend his workshop, “Enabling Agility with HRBPs and Workforce Planning,” hosted by Dow Jones. Or plan to allocate fewer resources to areas where business is not as robust? Predicting and preparing for what lies ahead is a tough job.

Building a Diverse Talent Pipeline: 6 Meaningful Steps Every Company Can Take

Linkedin Talent Blog

LinkedIn data shows that while 69% of talent professionals agree their organizations are committed to more diverse hiring, only 47% feel their hiring managers are held accountable for interviewing a diverse slate of candidates.

Benefits Administration: A Guide for HR Leaders

Paycor

Your workforce is diverse, it may very well be multigenerational, and so your employees will need and want different options. But like toothpaste, dental plans come in several flavors. Fully Funded Employer Plans: The business covers 100% of employees’ costs. Partially Funded Employer Plans: The business shares the costs with its employees. Designing Benefits For A Diverse Workforce. The Silent Generation makes up only 2% of the active workforce.

EXECUTIVE SUMMARY of the BUILD WEB SUMMIT

Paycor

Financial Benefits Financial and estate planning assistance. 7% leave because of a decision to exit the workforce. Dig through the data, find insights, and show employees you’re both listening to and acting on what they share. BUILD a Competitive Compensation Plan. For example, “ratingless” systems represent an attempt to anchor compensation to objective data. Provide and encourage healthy eating and exercise. BUILD a Company No One Wants to Leave.

CHRO 40

Conference Twitter Primer #HRtechConf 2018

Advos

aoutwater : Sr Director of Marketing for ADP DataCloud Big Data & Analytics (tweets are my own), youth baseball coach, Kayaker/Backpacker, Go Jumbos. ask_dr_nat : Chief Workforce Scientist at Achievers. Reappropriating HR for people (who are not capital nor cattle) Workforce fluidity is my jam! “ @HitachiVantara : Formerly @HDSCorp (Hitachi Data Systems). Data is changing the way we work. We are changing the way that data works.”

Conference Twitter Primer #SHRM18

Advos

interchange : Leading expert on the changing workforce & the impact of generational shifts on organizations. bbaerman : Professional Communicator, Workforce Management Guru, Compliance Enthusiast, Employer Advocate. BenFanning1 : #INC Magazine Leadership Columnist and Speaker: Free report to get the most out of your workforce. Reappropriating HR for people (who are not capital nor cattle) Workforce fluidity is my jam!