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

Visier

In order to keep up with skill shortages and avoid costly role vacancies, organizations need to close the loop between business strategy, workforce planning, and talent acquisition. Where Workforce Data is Used.

Managing Costs through Workforce Planning

hrQ

Whether caused by the economy, industry dynamics, or company actions, it is something that almost all organizations face at some point. With the evolution of workforce planning, this is both unnecessary and unwise. Cost-cutting is a reality of organization life.

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.

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. 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. What is Workforce Planning?

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.

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.

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. HR Industry New

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. Has the relative attractiveness of your industry or company gone down?

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 Role Of HR Analytics In Workforce Planning

Get Hppy

An unprecedented increase in job openings shows that the demand for talent is forcing companies to plan better and recruit better. Companies cannot hire fast enough to keep up with their workforce demands.”. The challenge of workforce planning.

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.

21 HR Tools for Employee Engagement & Workforce Planning

Pingboard

Technological advances have transformed several industries, and HR is no exception. Here’s a list of 21 HR tools that demonstrate how technology can improve employee engagement and workforce planning efforts at your organization. Employee Data Management.

3 Workforce Planning Tips for Project-Based Businesses

Workday

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. Mine Historical Data for Seasonal Trends and Internal Challenges.

Ep 88 – Workforce Planning Strategies That Will Change Your Business

Workology

I’m talking about workforce planning and associated strategies. Episode 88: Workforce Planning Strategies to Elevate Your Business with John Baldino ( @jbalive ). During last month’s SHRM Annual Conference in Washington, DC, I sat down with John Baldino to talk about workforce planning basics and strategies. Workforce planning is a very complex topic, and frankly, one I haven’t written or talked much about.

The Future of Workforce Planning: How Not to Be Left Behind

Pingboard

When broken down by industry, leisure/hospitality and professional services were 1-2, respectively, in the number of quits. Increasingly, technology is driving workforce planning, from hiring to onboarding to communication to employee development. According to U.S.

Successful Holiday Hiring Requires Workforce Planning, Positive Candidate Experience

Cielo HR Leader

Amazon made headlines last year with its plans to hire 120,000 employees for the holidays, and other retailers weren’t far behind. A 2017 CareerBuilder study found that across industries, 35% of employers expected to hire seasonal workers in the fourth quarter and 38% of top holiday jobs were in customer service. And turnover should always be a consideration for workforce planning.

Boo! Four Scary Employee Engagement Situations to Avoid With Better Survey Data Analysis

Visier

Getting a great employee engagement score, but discovering that 15% of your workforce spends half their day on non work-related tasks. But simply surveying your workforce for sentiment data once a year and getting a sleek report won’t give you the insights you need to avoid serious snafus.

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.

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.

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?

Data 276

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.

Boo! Four Scary Employee Engagement Situations to Avoid With Better Survey Data Analysis

Visier

Getting a great employee engagement score, but discovering that 15% of your workforce spends half their day on non work-related tasks. But simply surveying your workforce for sentiment data once a year and getting a sleek report won’t give you the insights you need to avoid serious snafus.

Birmingham Uses Labor Data Analysis to Build a Stronger Workforce

Burning Glass Technologies

It’s important for regions to have modern, skilled workforces and ensure they have outside dollars coming into the community. region and provide a foundation for local leaders as they use real-time labor data to guide their community’s decisions and improve their workforce.

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.

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.

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

Visier

While the race to out-innovate with new ideas and products fuels the technology industry at large, the competition between companies is fought most pervasively as on the talent front lines. A data-driven approach can provide the actionable insights HR needs to get the upper-hand and succeed.

Data Science and Analytics Skills Demand Increasing Across All Sectors

Burning Glass Technologies

Data Science and Analytics (DSA) technologies are having a huge impact on the economy, but some sectors are embracing DSA jobs and skills faster than others. The fastest-growing roles are Data Scientists and Advanced Analysts, which are projected to see demand spike by 28%.

Data 45

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.

Scenario Planning Basics for Strategic Talent Planning in a Brexit World

Visier

In the late 1980s, British employers waited with bated breath as a demographic time bomb ticked: Government bodies and industry experts predicted a severe worker shortage due to declining birth rates and increasing numbers of young people remaining in full-time education. Workforce Planning

People Analytics Conferences Data-Driven HR Leaders Can’t Miss in 2018

Visier

The HR teams that will succeed in 2018 and beyond are those that have a grasp on how the developments of the data age will impact the workforce and their business. Why is it so important for HR to attend at least one conference on data and analytics?

Building Your Business Case for Workforce Intelligence

Visier

Indeed, the “datafication of HR” is accelerating, driven by the critical need to create better business outcomes using evidence-based workforce decisions. 73% of executives say that poor workforce planning leads to staffing gaps and the inability to meet business goals.

eBook 239

The Pros and Cons of Six Different Competency Models

AvilarHR

According to Training Industry , a competency model is a framework for defining the skill and knowledge requirements of a job. Are a quick and efficient method for collecting data. 4) Workforce Surveys. Collects highly valid and reliable data when designed correctly.

Why We Will All Love the New HR

Visier

But in a world where workforce costs dominate total operating expenses — averaging nearly 70% of costs — businesses can no longer afford to have HR take a backseat or keep to the status quo. . Failed to Plan? The New Workforce Planning — And The New HR.

Data & People Analytics: A WorkHuman 2018 Recap

WorkHuman

Big data. These phrases are tossed around at industry events and conferences, but how do they apply in the day-to-day work of an HR professional? Many other fields are leveraging the power of data. Jesse also shared a very simple yet effective method to analyzing talent data.

5 Must-Attend HR Industry Events in 2015

Visier

Executives are demanding more: better financial acumen, data-driven strategies, and instant answers to complex questions about talent. Here are 5 highlights from must-attend HR industry events in 2015 that will help make the transition: 1.

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.