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

Visier

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. But with strategic workforce planning , it is possible to plan ahead — and not just react — in this rapidly changing business environment.

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. Workforce planning and analytics may sound intimidating, but it’s important to note that it does not require a huge investment in technology and solutions to get started. Where Workforce Data is Used. And help them see the action they can take based on this data.

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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.

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.

How to Keep HR and Finance in Sync on Workforce Planning

Visier

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. When it comes to workforce planning, it’s just as critical that all the players involved are in sync. If HR creates a workforce plan that doesn’t square up with the budget that Finance sets, all their work is in vain. In the NFL, skilled wide receivers are often the star players on their teams.

How to Keep HR and Finance in Sync on Workforce Planning

Visier

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. When it comes to workforce planning, it’s just as critical that all the players involved are in sync. If HR creates a workforce plan that doesn’t square up with the budget that Finance sets, all their work is in vain. In the NFL, skilled wide receivers are often the star players on their teams.

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.

Workforce Planning Collaboration: The Talent Acquisition and HR Partnership

Visier

But there’s a case to be made that workforce planning is the one process that creates the highest level of risk for the organization if stakeholders don’t work together adequately. The challenge for HR, however, is that creating a workforce plan requires juggling a staggering number of inputs. Finance passes the ball to HR , and HR uses their workforce expertise to refine the plan. The collaboration can’t come to a halt once the plan has been created.

3 Real-Life Lessons About Workforce Planning

Pingboard

Today’s employees, especially millennials, are willing to change jobs in favor of new ones that meet their career-development, compensation, and other aspirations. Make Better Data-Driven Decisions. The post 3 Real-Life Lessons About Workforce Planning appeared first on Pingboard.

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. As a result, almost all large companies dedicated an entire department to workforce planning, and HR played a powerful role.

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. There’s another level to workforce planning, and some businesses are using it to determine potential transformation opportunities or threats to their business model.

Case Study: Strategic Workforce Planning for Rail Infrastructure Managers

Analytics in HR

This requires tremendous changes in the current workforce. In this case study, strategic workforce planning is applied to solve this national problem, impacting millions of commuters. So to meet this growing demand, ProRail Traffic Control needs to invest in technologies that make it possible to automate and digitize large parts of the now manual traffic control process. Planning for the future.

6 Ways to Overcome the Obstacles of Workforce Planning

Pingboard

The workforce is evolving. Today’s employees aren’t afraid to leave their current jobs to find another that better meets their career aspirations. An organization’s workforce planning efforts are now more important than ever before. Failure to communicate plans internally.

Building an Effective Workforce Planning Program

Vantage Circle

As leaders and managers, you might have invested your time mostly in generating revenues and coming up with concrete marketing plans. Yes, your employees (workforce as others would say). However, many organizations are not aware of the current workforce gaps, which can hinder business growth. And to correctly measure it, workforce planning is crucial for any organization. To begin with, let us first understand what workforce planning means.

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. Workforce planning and HR analytics have become a key focus point for HR professionals around the world, as they confront new challenges in finding and retaining the right employees. Companies cannot hire fast enough to keep up with their workforce demands.”. The challenge of workforce planning.

Talking Candidly About Workforce Planning for HR Executives

Cisive

One thing stood out above the others, and it’s something every HR leader and team member faces: workforce planning. As an HR partner, your role in workforce planning is at the heart of what really matters to your company leaders. Workforce planning support means that you are your team are responsible for the forecasting that allows you to properly plan for your recruitment advertising and marketing spend, requisition workload, and expected deliverables for your team.

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? Complicating this issue is the Presidential Memorandum calling upon the OMB and OPM to create a “long-term plan to reduce the size of the federal Government’s workforce through attrition” by April 22.

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.

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.

Talking Candidly About Workforce Planning for HR Executives

Precheck

Talking Candidly About Workforce Planning for HR Executives Dec. 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.

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.

Unlocking the Benefits of Workforce Planning

Acendre

Great talent, and the organizational success that follows from it, are almost always the result of careful planning. common sense that workforce. planning is the key to ensuring you have the right talent in place and plans for ensuring you always have the skills and competencies necessary for organizational success. the benefits that planning deliver or there are problems in execution. benefits of workforce planning. planning more carefully.

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. This makes it hard to create one plan, let alone multiple. Workforce Planning

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21 HR Tools for Employee Engagement & Workforce Planning

Pingboard

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. BambooHR , which collects and organizes data acquired throughout the entire employee life cycle, is designed to free HR employees up so they can focus more on people and less on processes. Like BambooHR, Namely also integrates with Pingboard and other HR tools to offer automatic data updates.

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. For HR, planning requires insight from all of the other functions we support, so we can be somewhat accurate, and this adds to the challenge. Ultimately, no plan is perfect. By Tim Sackett , President of HRU Technical Resources.

Unlocking the Benefits of Workforce Planning

Acendre

Great talent, and the organizational success that follows from it, are almost always the result of careful planning. common sense that workforce. planning is the key to ensuring you have the right talent in place and plans for ensuring you always have the skills and competencies necessary for organizational success. the benefits that planning deliver or there are problems in execution. benefits of workforce planning. planning more carefully.

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.

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. Using workforce data, they’re creating a predictive retention model that helps identify flight risks at an individual and macro scale, allowing them to boost retention with targeted support and plan their talent needs months ahead of time to ensure they’re fully staffed when they need it most. How regularly employees meet with managers.

Delving Into Data

HRO Today

Three organizations share how they use people data and analytics to amplify business strategy. People analytics” has been a hot catchphrase in the business world for years, with data promising to revolutionize recruiting, talent management, and myriad other HR processes. But while organizations have embraced data collection and reporting, data analysis remains in its infancy for all but the most sophisticated companies.

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Taking Data-Driven Action

HRO Today

In fact, LinkedIn’s Global Recruiting Trends report indicates that 64 percent of today’s organizations use data at least occasionally and 79 percent are somewhat likely to take advantage of it in the next two years. The concept of leveraging analytics to drive more informed decisions isn’t new, but HR leaders are now faced with an unprecedented volume of data and the technology to analyze it quickly and efficiently. Workforce planning (41 percent).

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How ConAgra Foods Drove HR Transformation With Analytics-Driven Planning

Visier

When a company acquires another business, bringing the two workforces together is the single most challenging undertaking of the entire project. Now, how does one do this with data in two or more separate, incompatible HRIS systems of record? This is the challenge that the People Insights team at ConAgra Foods sought to address after the company announced its intent to acquire a private label firm in 2012, which would increase the size of its workforce by 42 percent.

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. While workforce analytics and workforce planning are increasing in priority , most organizations have not progressed to take advantage of the opportunity that workforce data provides. spreadsheets are the primary solution to share data. heavy manual effort is required to collect data.

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. Promoting growth in new industry areas can build upon the strengths of the local workforce and graduates from local institutions. Building a Stronger Workforce.

Get Your Crystal Balls Ready, HR Data Ninjas

SuccessFactors

There is a way to avoid this continuing to happen… HR, it is time to embrace your inner Data Ninja! HR analytics and workforce planning. Effective workforce planning is more than understanding costs, hiring trends, and attrition. Although companies generally have useful workforce data distributed across the business, fewer than 22% of those surveyed by Harvard Business Review felt able to leverage this data.

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. There are a few areas where technology companies commonly struggle to improve when it comes to their people: Recruitment, Workforce Diversity, Retention, and Strategic Workforce Planning.

Why HR Data is the Key to Strategic Business Decisions

Visier - Talent Acquisition

Historically, many issues arose from lack of HR data. The competitive urgency to use HR analytics isn’t new; however, in the past two years there has been an increased understanding that workforce intelligence is not just about making HR better, it’s about making the business better. Specifically, this initiative is not just about understanding data-driven HR and the usual metrics, but specifically how HR can connect what it’s doing to business outcomes.

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Why HR Data is the Key to Strategic Business Decisions

Visier - Talent Acquisition

Historically, many issues arose from lack of HR data. The competitive urgency to use HR analytics isn’t new; however, in the past two years there has been an increased understanding that workforce intelligence is not just about making HR better, it’s about making the business better.

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3 Ways to Free Up Budget to Reinvest in Your Workforce

Visier - Talent Acquisition

You can see it during virtual meetings and on the front lines: People are tired. 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. Below are three ways analytics-driven workforce planning frees up resources so you can invest in your people: 1.

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. As industry studies have shown, organizations that enable data-driven HR: Improve talent outcomes by 12% , leading to a 6% improvement in gross profit margin, which translates into $18.9M 73% of executives say that poor workforce planning leads to staffing gaps and the inability to meet business goals.

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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. To support this, we’ve gathered a list of the top 2018 people analytics and workforce planning conferences for data-driven HR leaders of all skill levels. Why is it so important for HR to attend at least one conference on data and analytics?