Use Strategic Planning Techniques to Build Your Workforce Plan

HR Bartender

With unemployment rates at historic lows , organizations have to not only think about filling open requisitions, they also have to develop a long-term approach to staffing. The recruiting team will always be taking a reactionary approach to staffing. You know how it goes.

Closing the Loop: Linking Workforce Planning, Analytics, and Hiring

Visier

We often talk about the employee lifecycle , the “recruit to retire” journey of an individual through multiple human capital processes. Unfortunately, our research showed that 31% of organizations indicated that workforce data and analytics were used only by HR and not the business.

HR Future-Proofing vs. Firefighting: 5 Strategic Workforce Planning Tips

Visier

HR leaders are often perceived by line managers and senior executives to deliver the most value when they are firefighting (a.k.a. Quick HR fixes, like filling a vacancy with a pricey new hire or instantly meeting demands for pay raises, may lead to near-term wins. Workforce 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

Wide receivers are known for their speed – with 40-yard-dash times that compare well to track athletes. By definition, their role is to catch the football when the quarterback throws it. Finance has the breadth of expertise that’s required to create a company-wide budget.

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

Visier

There is a goldmine of information contained within that gives us insight ranging from the state of the economy to how hard it will likely be to make that next critical hire. Today, HR has the opportunity to enter the spotlight again as a leader in workforce planning.

How to Keep HR and Finance in Sync on Workforce Planning

Visier

Wide receivers are known for their speed – with 40-yard-dash times that compare well to track athletes. By definition, their role is to catch the football when the quarterback throws it. Finance has the breadth of expertise that’s required to create a company-wide budget.

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. So, what can be done to really look towards the horizon and avoid the aforementioned pitfalls?

5 Steps To Data-Driven Workforce Planning Strategy

HR C-Suite

Workforce planning is a critical first step to any workforce related outcome. Find out how to implement a smart planning strategy. Featured Organizational Effectiveness Planning data driven evidence based HR workforce development

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.

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.

The Future of Workforce Planning

HR Daily Advisor

Employee turnover is extremely expensive, costing up to 1.5 to 2 times an employee’s salary , and those numbers are rising. One of the best investments organizations can make toward the satisfaction of their employees is in workforce planning technology and process improvements.

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.

Workforce Planning Success

Vemo

Embarking on a workforce planning journey can be overwhelming. Determining what data to collect, what metrics to focus on, how to set up reporting, how to analyze all the outputs, and how to gather various stakeholder requirements are just a few of the initial requirements.

Talking Candidly About Workforce Planning for HR Executives

Cisive

I recently attended a Healthcare Talent Symposium with a group of organizational leaders in the healthcare industry and had the unique opportunity to hear from both speakers and participants about their most significant concerns, challenges and struggles in talent acquisition today. One thing stood out above the others, and it’s something every HR leader and team member faces: workforce planning. How Workforce Planning Supports Your HR Efforts.

Driving Innovative Business Models through Workforce Planning

hrQ

Workforce planning is one of the most critical competencies for an HR organization. It is the foundation of the partnership between the business and HR and provides the organization with critical information about how to meet its staffing needs and how to allocate its HR resources to meet business goals. This includes both the ability to identify the need for change as well as determining the organization’s capability to change successfully.

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 5 Steps of Analytics-Driven Workforce Planning

Analytics in HR

Businesses need to make sure they have the right people in the right jobs at the right time. This means HR leaders are required to: Hire people who align with the company’s culture (the right people). Here are five key steps to use analytics to inform your workforce plans: 1.

CSI for HR? Test the Workforce Planning Waters Today With This Forensic HR Template

Visier

What is the biggest perceived threat to an HR professional’s productivity? Time spent on employee management – specifically, answering questions, resolving issues, employee recognition and discipline, according to this study conducted by BambooHR.

3 Workforce Planning Tips for Project-Based Businesses

Workday

Working at 100 percent capacity might sound like the dream to some, but savvy business-service leaders know that being maxed out can actually stunt growth. Some leaders guard against that risk by trying to pad their human capital bench just in case. The best businesses develop capacity flex—the ability to rapidly increase or decrease staffing levels or to shift quickly from one project to another. Rely on Partners and Contractors to Augment Service Capacity.

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? That means your workforce is also the sole source of your revenue.

Ep 88 – Workforce Planning Strategies That Will Change Your Business

Workology

PwC’s most recent Annual Global CEO Survey revealed that over 70 percent of CEOs identified the “availability of key skills” as one of the top three threats to their companies — an eight-year high for that question. I’m talking about workforce planning and associated strategies. Episode 88: Workforce Planning Strategies to Elevate Your Business with John Baldino ( @jbalive ). What is Workforce Planning? What is Workforce Planning?

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?

Why Being Data-Driven Isn’t Enough

Visier

Even the most qualitative departments, such as Marketing, moved from “art” to “science” through the use of data. . 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. .

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Big, Bad Data: How Talent Analytics Will Make It Work In HR

TalentCulture

Here’s a mind-blowing fact to spark up the late-summer doldrums: research from IBM shows that 90% of the data in the world today has been created in the last two years alone. In terms of HR, it’s a gold mine of Big Data. Companies also want: Data security. Data privacy.

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

Linkedin Talent Blog

For many of us, Halloween and Easter are excellent excuses to indulge ourselves in our favorite sweets. snacking companies, having fully-staffed sales teams is a key ingredient for Hershey to make the most of these treat-filled seasons. How regularly employees meet with managers.

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.

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.

5 Steps to Improve Talent Acquisition Through Better Data Analysis

Acendre

5 Steps to Improve Talent Acquisition Through Better Data Analysis. Blueprints are a time-tested way to communicate how to build a structurally sound building. It is how you use the stats to make the impact you need. The Blueprint.

The Rise of the People Strategy Platform

Visier

This was a key takeaway from a summit of HR leaders and Boston Consulting Group (BCG) experts, who met to discuss the future of HR and the trends shaping it. Adapt to changing demand. HR’s role is not simply to translate business strategy — but to drive it.

Taking Data-Driven Action

HRO Today

Today’s HR leaders are relying on analytics to drive forward HR strategy—but there are some hurdles to cross along the way. And data’s functionality goes further than that—sophisticated companies are even using it to power intelligent technologies like artificial intelligence.

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5 Ways Your HRMS Hinders Data-Driven Decision Making

Visier

Leaders across the organization recognize that making workforce decisions based on facts and data—instead of intuition alone—is a key route to increasing their impact on the business. Without this connection, it’s very difficult to deliver high business impact.

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How Improving HR’s Analytics Capability Prevents Chaos Over New Overtime Rule

Visier

And, in this pivotal moment, many are turning to cumbersome, error prone, insecure spreadsheets. The ruling means that any employee paid less than $47,476 per year will be entitled to overtime pay on any work beyond 40 hours a week. How many employees?

Jobs Data Analysis at Davos Shows It’s Cheaper to Reskill Than Rehire Workers Displaced by AI

Burning Glass Technologies

A new Davos report using Burning Glass Technologies jobs data answers a basic question about technology and the future of work: in many cases, it’s cheaper to reskill workers than to hire new ones. The first report identified practical pathways to new jobs for the 1.37

5 Ways Your HRMS Hinders Data-Driven Decision Making

Visier

Leaders across the organization recognize that making workforce decisions based on facts and data—instead of intuition alone—is a key route to increasing their impact on the business. Without this connection, it’s very difficult to deliver high business impact.

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Workforce Planners: 4 Steps to Improving Profit Margins for Services

Visier

Professional services firms face a delicate balancing act in determining how to best staff a client project. Assign too many senior people, and the salary spend may be higher than is necessary to deliver project outcomes. Data from our aggregated database of 3.5

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The Rise of the People Strategy Platform

Visier

This was a key takeaway from a summit of HR leaders and Boston Consulting Group (BCG) experts, who met to discuss the future of HR and the trends shaping it. Adapt to changing demand. HR’s role is not simply to translate business strategy — but to drive it.