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 ”. A strategic plan involves four steps.

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?

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. Existing processes and cycles can contribute to such transparency, strengthened with data and analytics.

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?

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

Data 284

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.

6 Training Ideas for a Smoother HR Technology Rollout

Visier

If users feel frustrated and uncertain while using a new tool, such as a workforce intelligence (WFI) solution , they may return to the old methods of figuring out their HR data despite how antiquated or cumbersome they are. Planning and communication were key to success.

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. According to the Bureau of Labor Statistics and the Population Reference Bureau , that number is projected to increase to 23% by 2030.

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.

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.

The onus, or bonus, of human analytics?

Benify

As Facebook’s Mark Zuckerberg’s highly publicized congressional testimony in April 2018 confirms all too well, and somewhat uneasily depending on who you ask, companies that work with big sets of personal data know far too much about each and every one us, and make a lot of money doing it.

3 Ways Data Shapes the Talent Strategy at Tesla, Chevron, and LinkedIn

Linkedin Talent Blog

The head of Talent Acquisition at LinkedIn, Brendan Browne , is quick to admit that using data and talent analytics has completely changed the way his department is perceived by the business. If you asked the managers, they’d guess compensation—but the data pointed to a different reason.

Future Of Work 2018: 10 Predictions You Can’t Ignore

SuccessFactors

The start of winter is often referred to as the “holiday season.” Workforce agility will become the most critical concept in HCM. Companies will be forced to redefine workforce planning, recruiting, staffing, and management to work in this much more complex labor market.

How Four Companies Enable their HRBPs with People Analytics

Visier

Many organizations want to enable their HRBPs to adopt a data-driven approach and be the ambassadors for people analytics while providing consultative support to the business on talent strategy. The answer was a resounding yes and the numbers on the data savvy aspect were even lower for some.

3 Things We Learned from The Age of People Analytics Report

Visier

As the Principal of Research and Customer Value at Visier, I understand the importance of using data to drive business strategy and inform decisions. Conversely, organizations with emerging adoption were less likely to adopt a robust data solution and strategy.

Report 334

Why Quality Matters Now More Than Ever for Staffing and Recruiting Firms

SkillSurvey

And new technologies, networks, and data sources have expanded options for sourcing talent more successfully. At the same time, the trend towards ‘total talent management,’ which Barry Asin, president at Staffing Industry Analysts, identifies as still “in its infancy,” is breaking down silos as more providers attempt to integrate a broad range of talent solutions, along with workforce planning and management in their suite of client services.

What Are #HR Analysts and Why Should You Pay Attention To Them

HR Bartender

Christa Degnan Manning is senior vice president of global workforce and talent strategies at HfS Research, a leading analyst authority and global network for IT and business services. They then take the data from their research use it to provide an educated analysis about what the data means.

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.

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.

How To 277

When People Analytics grows up

Analytics in HR

It’s so obvious that you don’t have to spend a lot of time explaining it (and if you really have to, refer to Josh Bersin’s paper “ People Analytics: Here with a Vengeance “). Next, you clarify basic definitions and data sources (i.e.

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.

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.

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. Robust security/authentication of data/users. User and data security protocols/ compliance required.

Using people analytics to get to High-Impact HR

HR Times

High-Impact HR refers to an HR function that helps the business excel in key areas—adapting to market changes, introducing new products and services faster, being more responsive to customer needs, operating efficiently and cost-effectively, and beating the competition.

Upping your game: From functional experts to business advisers

Bersin with Deloitte

Data and the analytics horsepower that yield these kind of insights are quickly becoming table stakes for the way most organizations interact with and engage with customers. Amid the growing noise of data, it might be easy for the deafening roar to overwhelm. What’s Your Data Strategy.”

Data 88

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.

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. . Machine learning underpins data analytics that drives better decision-making and stronger talent acquisition.

How Foot Locker Can Reduce Employee Turnover with Workforce Analytics

Visier

However, even for progressive brands like Foot Locker, simply knowing the turnover rate does little to support strategic business plans. The Era of Foot Locker Workforce Analytics. The problem was that HR had no data to prove it.

Five myths about People Analytics that inhibit your progress

Littal Shemer

If you randomly select an HR leader and ask about her progress in the journey into data-driven HR, the chances that she would tell you that she is already on the track, according to a recent survey , are about 70%. The first is data integration.

Trends in global talent mobility

Bersin with Deloitte

No longer just about managing expats, global mobility is key in realizing business and workforce strategies. Like its fellow HR functions, global mobility has been impacted by broader market trends and is evolving to better meet the organization’s needs and those of the workforce.

The HR Fortuneteller Myth: 3 Ways Your Boss Doesn’t “Get” Predictive Analytics

Visier

When he wrote these words in Space Chronicles , astrophysicist Neil deGrasse Tyson was referring to the driving forces behind space exploration advances. I always coach that analytics and data represent evidence, not proof, and it is this evidence that can make our decisions better.

3 Things We Learned from The Age of People Analytics Report

Analytics in HR

As the Principal of Research and Customer Value at Visier, I understand the importance of using data to drive business strategy and inform decisions. Conversely, organizations with emerging adoption were less likely to adopt a robust data solution and strategy.

The Means To The Ultimate End – Decision Analytics

Compensation Cafe

In an almost hour-long conversation, I reiterated some of the now familiar topics of big data, predictive analytics, applied behavioral science, data visualization and leveraging machine learning, artificial intelligence and other algorithm-driven techniques.

The Business Case for Outplacement

Career Partners International

The psychological contract refers to the unwritten set of expectations of the employment relationship in addition to the formal contract of employment. Restructuring is rarely just about redundancies, there can be a series of complex workforce planning and resourcing activities underway.

Upping your game: From functional experts to business advisers

HR Times

Data and the analytics horsepower that yield these kind of insights are quickly becoming table stakes for the way most organizations interact with and engage with customers. Amid the growing noise of data, it might be easy for the deafening roar to overwhelm. What’s Your Data Strategy.”

Data 63

5 signs your job architecture could be due for a rebuild (and why you might want to)

HR Times

It’s not uncommon for the underlying infrastructure of an organization’s jobs—what we call job architecture; also referred to as job structure, catalogue, or leveling—to become outdated and weak. Human Resource Information Systems (HRIS) can only be as accurate as the data in them.

Key takeaways from People Analytics World, London 2018 – Part 1

Littal Shemer

People Analytics World is a leading European annual conference on HR Analytics, Workforce Planning and Employee Insight, in which I was privileged to attend on April 2018. Fortunately, the conference organizers offered interactive tools that helped me to plan my agenda in advance.